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GRMN earnings at a glance
Garmin Ltd. (GRMN) is scheduled to report earnings on Wednesday, October 28, 2026 before the market opens — in 5 days. Analysts expect earnings per share of $2.38, compared with $1.99 in the same quarter last year (+20%). The options market is pricing a move of about ±3.6% after the report, a range of roughly $284.84 to $305.96 from today's $295.40. Over its last 6 reports the stock rose the next day 3 times and fell 3, moving ±7.8% on average; after the most recent report on Jul 29, 2026 it moved +16.2%. That means options currently expect less movement than GRMN has typically delivered. GRMN beat the consensus EPS estimate in 5 of its last 6 reported quarters. Implied volatility is currently 30%. The share price of $295.40 sits near its 52-week high.
Overview
Earnings trends
Earnings history
| Date | Period | Actual EPS | Est | Surprise | YoY %Δ | Day react | Source |
|---|---|---|---|---|---|---|---|
| Wed Jul 29, 2026 | Jun/2026 | $2.81 | $2.27 | +23.8% | +4.6% | +16.2% | earnings |
| Wed Apr 29, 2026 | 8K 2026-04-29 | $2.08 | $1.84 | +13.0% | — | +2.1% | earnings |
| Wed Feb 18, 2026 | 8K 2026-02-18 | $2.79 | $2.39 | +16.7% | — | +9.4% | earnings |
| Wed Oct 29, 2025 | Sep/2025 | $1.99 | $1.98 | +0.5% | — | -11.5% | earnings |
| Wed Jul 30, 2025 | Jun/2025 | $2.17 | $1.96 | +10.7% | — | -7.4% | earnings |
| Wed Apr 30, 2025 | Mar/2025 | $1.61 | $1.65 | -2.4% | — | -0.0% | earnings |
| Sat Sep 28, 2024 | Sep 2024 | $2.07 | — | — | — | — | financials |
| Sat Jun 29, 2024 | Jun 2024 | $1.56 | — | — | — | — | financials |
| Sat Mar 30, 2024 | Mar 2024 | $1.43 | — | — | — | — | financials |
| Sat Sep 30, 2023 | Sep 2023 | $1.34 | — | — | — | — | financials |
| Sat Jul 1, 2023 | Jul 2023 | $1.50 | — | — | — | — | financials |
| Sat Apr 1, 2023 | Apr 2023 | $1.05 | — | — | — | — | financials |
| Sat Sep 24, 2022 | Sep 2022 | $1.09 | — | — | — | — | financials |
Upcoming
| Date | Fiscal | Time | EPS Est | LY EPS | YoY %Δ |
|---|---|---|---|---|---|
| Wed Oct 28, 2026 | Sep/2026 | BMO | $2.38 | $1.99 | +19.6% |
Financials
Income statement (quarterly)
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | — | $1.77B | $1.81B | $1.54B | — | $1.59B | $1.51B |
| Cost of revenue | $711M | — | $724M | $748M | $651M | — | $634M | $644M |
| Gross profit | $1.04B | — | $1.05B | $1.07B | $885M | — | $952M | $863M |
| Operating income | $432M | — | $457M | $472M | $333M | — | $437M | $342M |
| Net income | $405M | — | $402M | $401M | $333M | — | $399M | $301M |
| EPS (diluted) | $2.09 | — | $2.08 | $2.07 | $1.72 | — | $2.07 | $1.56 |
Balance sheet (quarterly)
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.29B | $2.28B | $2.07B | $2.07B | $2.18B | $2.08B | $2.01B | $1.94B |
| Inventory | $1.85B | $1.77B | $1.89B | $1.79B | $1.58B | $1.47B | $1.51B | $1.32B |
| Total current assets | $6.00B | $6.25B | $5.81B | $5.82B | $5.45B | $5.34B | $5.21B | $4.70B |
| Total assets | $10.95B | $10.99B | $10.52B | $10.32B | $9.79B | $9.63B | $9.35B | $8.88B |
| Long-term debt | — | — | — | — | — | — | — | — |
| Total liabilities | — | — | — | — | — | — | — | — |
| Total equity | $9.27B | $8.97B | $8.48B | $8.13B | $8.18B | $7.85B | $7.51B | $7.00B |
Implied volatility — last 90 days
Sector peers
GRMN earnings FAQ
When is GRMN's next earnings date?
Garmin Ltd. is expected to report on October 28, 2026, before the market opens.
What is GRMN's expected move for earnings?
Options currently price a move of about ±3.6%, or $10.56 per share either way from $295.40.
How does GRMN stock usually react to earnings?
Across the last 6 reports the average next-day move was ±7.8%, up 3 times and down 3 times.
What EPS are analysts expecting from Garmin Ltd.?
The consensus estimate is $2.38 per share, versus $1.99 a year ago.
What is GRMN's implied volatility?
GRMN's at-the-money implied volatility is about 30% based on the latest options snapshot.