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States, Taiwan and the United Kingdom. Garmin, inReach, fnix, GPSMAP, quatix and Tread are registered trademarks, Garmin Messenger and LiveTrack are trademarks and Garmin Response is a service mark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:This release includes forward-looking statements regarding Garmin Ltd. and its business. Such sta ...

We recently published an article titled 13 Best Internet of Things (IoT) Stocks to Buy Now. On February 19, Morgan Stanley upgraded Garmin Ltd. (NYSE:GRMN) to Equal Weight from Underweight and raised its price target to $252 from $195, stating that its prior negative thesis has largely played out. The firm cited stronger-than-expected 2026 revenue and margin guidance, which it views as conservative, as a catalyst for improved sentiment. The company reported full-year 2025 consolidated revenue of $7.246 ...

Garmin (GRMN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings ...

Shares of GPS-focused technology behemoth Garmin (NYSE: GRMN) rose 11% this week as of 2 p.m. ET on Thursday following the company's excellent fourth-quarter earnings release on Wednesday. Sales and earnings per share rose 17% and 16% in Q4, rocketing past Wall Street's expectations. Similarly, management's guidance for 9% sales and EPS growth in 2026 also exceeded analysts' consensus, further driving the stock higher this week. Garmin: A well-rounded dividend-growth stock Perhaps the main reason the ma ...

Core Insights - Garmin Ltd. reported fourth-quarter 2025 pro forma earnings of $2.79 per share, exceeding the Zacks Consensus Estimate by 16.6%, with a year-over-year improvement of 16% [1] - Net sales reached $2.12 billion, surpassing the Zacks Consensus Estimate by 5.6% and increasing 16.6% from the previous year [1] Revenue Growth - The year-over-year growth in net sales was driven by strong performance in the Outdoor, Fitness, Aviation, and Marine segments, partially offset by a decline in the Auto OEM segment [2] Segment Performance - **Outdoor Segment**: Contributed 29.5% of net sales with $627.6 million in sales, maintaining year-over-year performance, and an operating income of $233.9 million at a 37% margin [3] - **Fitness Segment**: Accounted for 36.0% of sales, generating $765.8 million, reflecting a 42% year-over-year increase, with an operating income of $256.9 million and a 34% margin [3] - **Aviation Segment**: Achieved $274.2 million in sales, up 16% year over year, with an operating income of $84.7 million at a 31% margin [4] - **Marine Segment**: Reported $296.9 million in sales, an 18% increase year over year, with an operating income of $52.1 million and an 18% margin [4] - **Auto OEM Segment**: Sales were $160.4 million, down 3% year over year, resulting in an operating loss of $13.5 million and a gross margin of 17% [5] Operating Results - Garmin's gross margin for Q4 2025 was 59.2%, a decrease of 10 basis points year over year, while operating expenses rose 14% to $644 million [6] - Operating income increased to $614 million, up 19% year over year, with an operating margin of 28.9%, an increase of 60 basis points [6] Balance Sheet & Cash Flow - As of December 27, 2025, Garmin held $2.67 billion in cash and marketable securities, up from $2.54 billion in the previous quarter [7] - Operating cash flow for Q4 2025 was $554 million, with free cash flow at $430 million [7] - The company paid a quarterly dividend of $173 million and repurchased $51 million in shares during the quarter [7] Future Guidance - Garmin expects full-year 2026 revenues of $7.9 billion, indicating continued growth momentum, with the Zacks Consensus Estimate at $7.54 billion, reflecting a year-over-year growth of 13.3% [8] - The company projects a gross margin of 58.5%, an operating margin of 25.5%, and a pro forma effective tax rate of 16.0% for 2026 [10] - Pro forma EPS is projected at $9.35, with the Zacks Consensus Estimate at $8.77, indicating a year-over-year growth of 7% [10]

Vertical integration serves as a primary defense against component cost volatility, allowing the company to manage the total Bill of Materials (BoM) more efficiently than non-integrated competitors.High user engagement, evidenced by an 8% increase in average activity levels, is driving strong pull-through rates for new product registrations and retail demand.The Auto OEM segment is undergoing a strategic pivot, shifting R&D resources toward other segments as legacy programs reach end-of-life and the company ...

Core Insights - Garmin reported record fourth-quarter and full-year 2025 results, driven by strong demand across its diversified portfolio and improved operating leverage [4][3] - The company expects continued growth in 2026, with revenue guidance of approximately $7.9 billion, up about 9% year-over-year [19] Financial Performance - Fourth-quarter revenue exceeded $2.1 billion, marking a 17% increase year-over-year, while full-year revenue reached $7.246 billion, up 15% [7][8] - Operating income for the fourth quarter was a record $614 million, up 19% year-over-year, with pro forma EPS of $2.79, up 16% [3][2] - Gross margin for the fourth quarter was 59.2%, with operating margin expanding 60 basis points to 28.9% [3] Segment Performance - Fitness segment revenue grew 42% in Q4 and 33% for the full year, driven by wearables, with operating income rising 50% to $726 million [2][10] - Marine revenue increased 10% to $1.18 billion, while aviation revenue rose 13% to $987 million, both segments showing strong margin performance [15][14] - Auto OEM segment remains loss-making with an operating loss of $49 million, but future growth is anticipated with new domain controller programs [16] Capital Returns - The board proposed a 17% increase in the annual dividend to $4.20 per share and authorized a $500 million share repurchase program [5][17] - Garmin ended the quarter with approximately $4.1 billion in cash and expects free cash flow of about $1.4 billion for 2026 [23] 2026 Outlook - Garmin anticipates operating income to exceed $2 billion for the first time in 2026, despite facing memory cost pressures and tariff-related challenges [19][20] - The company projects a gross margin of about 58.5% and an operating margin of approximately 25.5% for 2026 [19]

Core Viewpoint - Garmin Ltd. reported Q4 results that exceeded analysts' expectations, showcasing a double beat and providing aggressive guidance, which positively impacted its share price [1]. Financial Performance - The company achieved a double beat in its Q4 results, indicating that both revenue and earnings per share surpassed analyst forecasts [1]. Future Guidance - Garmin provided aggressive guidance for future performance, suggesting strong confidence in its growth trajectory [1].

Market Overview - U.S. equity markets are experiencing strong momentum, with investors shifting focus from "AI fatigue" to economic resilience, supported by positive economic reports [1] - Major indexes are showing broad gains, with the S&P 500 up 0.84%, the Nasdaq Composite up 1.20%, and the Dow Jones Industrial Average adding approximately 315 points or 0.63% [2] Market Breadth - Market breadth is positive, indicating a return of the "buy the dip" mentality, with small-cap stocks also participating in the rally as the Russell 2000 index rises 1.2% [3] Economic Data - December housing starts surged 6.2% to an annualized rate of 1.404 million, outperforming expectations, while building permits rose 4.2% to a nine-month high [4] - January manufacturing production increased by 0.6%, the largest rise in nearly a year, and capital goods orders grew by 0.6%, doubling the forecasted gain [5] Upcoming Events - The Federal Reserve will release the minutes from its January policy meeting, with traders looking for insights on potential rate cuts [6] - Nvidia's earnings report is highly anticipated, as it will provide critical guidance for the AI sector [7] Corporate News - Amazon shares rose 2% after Bill Ackman's Pershing Square increased its stake in the company [8] - Nvidia gained 2% following a multi-year AI infrastructure partnership with Meta Platforms [8] - Garmin's shares soared 16% after exceeding Q4 earnings estimates and providing a fiscal 2026 revenue guidance of $7.9 billion [8] - Mister Car Wash jumped 16% on news of being taken private in a deal valued at approximately $3.1 billion [11] - Madison Square Garden Sports climbed 15% as it explores a potential spin-off of the New York Knicks and New York Rangers [11] - General Mills fell 7% after cutting its profit forecast due to consumer concerns [11] - Genuine Parts plummeted 14.6% following a disappointing earnings report and a complex plan to split into two entities by 2027 [11]