Garmin Ltd. expected to post earnings of $2.40 a share - Earnings Preview

What happened

Garmin Ltd. is expected to report a 12.3% rise in quarterly revenue to $1.989 billion when it reports results on October 28 for the period ending September 30, 2026. Analysts expect earnings of $2.40 a share.

Confirmed

Global impact / market context

Analyst estimates suggest Garmin sold more devices and services than a year earlier, which could lift profit if costs grow more slowly than revenue. Past quarters mostly beat estimates, so investors may expect another beat.

Analyst inference

The average analyst rating is hold, with 3 buy, 6 hold and 1 sell. The median 12-month price target of $293.00 sits 0.3% below the last closing price of $293.74, suggesting limited expected upside.

Analyst inference

What to watch

1. Watch whether reported revenue reaches the $1.989 billion analyst estimate, a 12.3% rise from $1.77 billion a year ago, showing whether demand for Garmin products held up. Confirmed
2. Watch whether earnings per share meet the $2.40 estimate, a key measure of profit per share that would confirm analysts' view of the quarter. Proposed
3. Watch whether Garmin beats estimates as it did in most recent quarters, since repeated beats may support the share price near the $293.74 close. Analyst inference

Evidence

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