GRMN
Garmin Ltd.
NYSEUSDEQUITY
Technology
DELAYED
Buy
+24/100
Last price
279.21
▼ 6.31 (2.21%)
MARKET · —
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1D
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Open
—
Prev close
285.52
Day high
286.47
Day low
278.38
Volume
696.94K
Market cap
$53.85B
P/E (TTM)
28.81
52W range
186.67 – 314.28
Trailing performance
Returnvs SPY
1W
-3.80%
-5.7%
1M
+0.79%
-0.4%
3M
+14.65%
+10.1%
6M
+15.73%
-2.5%
YTD
+37.64%
+23.4%
1Y
+8.62%
-7.8%
3Y
+165.41%
+83.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on GRMN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+2.57M
Net buying
Buy transactions
14
2.59M shares
Sell transactions
8
20.48K shares
Net transactions
+22
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
28.34M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 18, 26 | WANG CHENG-WEI Officer |
SELL | 9.94K | $2.98M | Direct |
| Aug 18, 26 | BURRELL JONATHAN C Director |
STOCK | 1.00M | $0 | Indirect |
| Aug 10, 26 | BURRELL JONATHAN C Director |
STOCK | 388.00K | $0 | Indirect |
| Aug 4, 26 | STRAUB PHILIP I Officer |
STOCK | 670 | $0 | Direct |
| Aug 3, 26 | KAO MIN HWAN Officer and Director |
STOCK | 3.09K | $0 | Indirect |
| Jul 31, 26 | MAXFIELD JOSHUA H. General Counsel |
SELL | 1.15K | $335.38K | Direct |
| Jul 31, 26 | BIDDLECOMBE SEAN MICHAEL Officer |
SELL | 986 | $288.78K | Direct |
| Jul 29, 26 | PEMBLE CLIFTON A Chief Executive Officer |
SELL | 4.03K | $1.21M | Direct |
| Jun 11, 26 | KAO MIN HWAN Officer and Director |
STOCK | 11.01K | $0 | Indirect |
| Jun 9, 26 | HARTNETT JOSEPH J Director |
SELL | 643 | $169.48K | Direct |
| Jun 9, 26 | HARTNETT JOSEPH J Director |
SELL | 643 | $151.81K | Direct |
| Jun 5, 26 | BOESSEN DOUGLAS G Chief Financial Officer |
SELL | 2.00K | $475.81K | Direct |
| Jun 5, 26 | BALL SUSAN M Director |
STOCK | 753 | $0 | Direct |
| Jun 5, 26 | LEWIS CATHERINE A Director |
STOCK | 753 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BARTEL DANNY J |
Officer | 226.29K | Stock Award(Grant) |
BOESSEN DOUGLAS G |
Chief Financial Officer | 26.05K | Sale |
BURRELL JONATHAN C |
Director | — | Stock Gift |
DESBOIS PATRICK |
Chief Operating Officer | 58.54K | Sale |
KAO MIN HWAN |
Officer and Director | — | Stock Gift |
LINK EDWARD J. |
Officer | 28.43K | Sale |
PEMBLE CLIFTON A |
Chief Executive Officer | 120.13K | Sale |
STRAUB PHILIP I |
Officer | 100.89K | Stock Gift |
TRENKLE BRADLEY C. |
Chief Operating Officer | 51.20K | Stock Award(Grant) |
WANG CHENG-WEI |
Officer | 29.51K | Sale |
Fundamentals
Market cap$53.85B
Enterprise value$51.41B
Revenue (TTM)$7.67B
Gross profit$4.61B
EBITDA$2.31B
Net income$1.88B
EPS (TTM)$9.69
Free cash flow$1.04B
Total cash$2.67B
Total debt$226.86M
Book value / share$46.80
Shares outstanding192.85M
Float164.50M
Short % of float1.88%
Dividend yield1.50%
Beta (5Y)0.83
Valuation & profitability ratios
Trailing P/E28.81
Forward P/E25.08
PEG ratio3.04
Price / sales—
Price / book5.97
EV / revenue6.70
EV / EBITDA22.24
Gross margin60.08%
Operating margin30.44%
Profit margin24.47%
Return on equity21.89%
Return on assets12.17%
Debt / equity2.51
Current ratio3.03
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $7.25B | $6.30B | $5.23B | $4.86B | +15.1% |
| Operating revenue | $7.25B | $6.30B | $5.23B | $4.86B | +15.1% |
| Cost of revenue | $2.99B | $2.60B | $2.22B | $2.05B | +15.0% |
| Gross profit | $4.26B | $3.70B | $3.00B | $2.81B | +15.1% |
| Research & development | $1.13B | $993.60M | $904.70M | $834.93M | +13.3% |
| Selling, general & admin | $1.25B | $1.11B | $1.01B | $944.00M | +13.1% |
| Total operating expense | $2.38B | $2.10B | $1.91B | $1.78B | +13.2% |
| Operating income | $1.88B | $1.59B | $1.09B | $1.03B | +17.7% |
| Net interest income | $128.87M | $113.52M | $77.30M | $40.83M | +13.5% |
| Pre-tax income | $2.01B | $1.70B | $1.20B | $1.06B | +18.8% |
| Tax provision | $350.65M | $283.96M | -$89.28M | $91.39M | +23.5% |
| Net income | $1.66B | $1.41B | $1.29B | $973.59M | +17.9% |
| Net income to common | $1.66B | $1.41B | $1.29B | $973.59M | +17.9% |
| Basic EPS | 8.65 | 7.35 | 6.74 | 5.06 | +17.7% |
| Diluted EPS | 8.59 | 7.30 | 6.71 | 5.04 | +17.7% |
| EBIT | $1.88B | $1.59B | $1.09B | $1.03B | +17.7% |
| EBITDA | $2.06B | $1.77B | $1.27B | $1.19B | +16.4% |
| Basic shares | 192.47M | 192.06M | 191.40M | 192.54M | +0.2% |
| Diluted shares | 193.62M | 193.28M | 192.06M | 193.04M | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.28B | $2.08B | $1.69B | $1.28B | +9.6% |
| Cash & short-term investments | $2.74B | $2.50B | $1.97B | $1.45B | +9.5% |
| Accounts receivable | $1.25B | $983.40M | $815.24M | $656.85M | +27.4% |
| Inventory | $1.77B | $1.47B | $1.35B | $1.52B | +20.2% |
| Total current assets | $6.25B | $5.34B | $4.46B | $3.96B | +17.1% |
| Property, plant & equipment | $1.57B | $1.40B | $1.37B | $1.29B | +12.1% |
| Goodwill & intangibles | $958.60M | $758.11M | $789.62M | $746.46M | +26.4% |
| Total assets | $10.99B | $9.63B | $8.60B | $7.73B | +14.2% |
| Total current liabilities | $1.72B | $1.51B | $1.31B | $1.21B | +14.1% |
| Total debt | $164.84M | $134.89M | $113.03M | $114.54M | +22.2% |
| Total liabilities | $2.02B | $1.78B | $1.59B | $1.53B | +13.4% |
| Retained earnings | $6.97B | $6.00B | $5.26B | $4.73B | +16.2% |
| Shareholder equity | $8.97B | $7.85B | $7.01B | $6.20B | +14.3% |
| Working capital | $4.53B | $3.83B | $3.15B | $2.74B | +18.3% |
| Net tangible assets | $8.01B | $7.09B | $6.22B | $5.46B | +13.0% |
| Shares issued | 194.90M | 194.90M | 195.88M | 198.08M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.66B | $1.41B | $1.29B | $973.59M | +17.9% |
| Depreciation & amortisation | $188.76M | $179.74M | $177.57M | $163.85M | +5.0% |
| Stock-based compensation | $166.00M | $137.16M | $101.42M | $76.80M | +21.0% |
| Change in working capital | -$433.45M | -$229.72M | $173.67M | -$275.73M | -88.7% |
| Operating cash flow | $1.63B | $1.43B | $1.38B | $788.26M | +14.0% |
| Capital expenditure | -$270.45M | -$193.57M | -$193.52M | -$244.29M | -39.7% |
| Investing cash flow | -$645.24M | -$393.33M | -$332.97M | -$145.12M | -64.0% |
| Share buybacks | -$181.01M | -$62.35M | -$98.99M | -$201.01M | -190.3% |
| Dividends paid | -$663.88M | -$572.36M | -$558.77M | -$679.10M | -16.0% |
| Financing cash flow | -$844.08M | -$626.86M | -$636.51M | -$840.62M | -34.7% |
| Free cash flow | $1.36B | $1.24B | $1.18B | $543.97M | +10.0% |
| End cash position | $2.28B | $2.08B | $1.69B | $1.28B | +9.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $2.02B | $1.75B | $2.12B | $1.77B | $1.81B | +15.3% |
| Operating revenue | $2.02B | $1.75B | $2.12B | $1.77B | $1.81B | +15.3% |
| Cost of revenue | $760.07M | $711.20M | $866.70M | $724.41M | $747.55M | +6.9% |
| Gross profit | $1.26B | $1.04B | $1.26B | $1.05B | $1.07B | +21.1% |
| Research & development | $303.94M | $295.82M | $294.98M | $286.46M | $276.66M | +2.7% |
| Selling, general & admin | $342.57M | $314.81M | $349.12M | $303.22M | $318.05M | +8.8% |
| Total operating expense | $646.51M | $610.62M | $644.11M | $589.68M | $594.72M | +5.9% |
| Operating income | $615.51M | $431.67M | $614.15M | $456.80M | $472.30M | +42.6% |
| Net interest income | $38.17M | $35.97M | $34.56M | $32.09M | $31.72M | +6.1% |
| Pre-tax income | $651.06M | $472.53M | $635.39M | $509.82M | $480.25M | +37.8% |
| Tax provision | $109.14M | $67.45M | $106.70M | $108.20M | $79.43M | +61.8% |
| Net income | $541.92M | $405.08M | $528.68M | $401.62M | $400.82M | +33.8% |
| Net income to common | $541.92M | $405.08M | $528.68M | $401.62M | $400.82M | +33.8% |
| Basic EPS | 2.81 | 2.10 | 2.75 | 2.09 | 2.08 | +33.8% |
| Diluted EPS | 2.80 | 2.09 | 2.73 | 2.08 | 2.07 | +34.0% |
| EBIT | $615.51M | $431.67M | $614.15M | $456.80M | $472.30M | +42.6% |
| EBITDA | $664.36M | $480.79M | $660.41M | $505.91M | $519.40M | +38.2% |
| Basic shares | 192.84M | 192.67M | 192.34M | 192.46M | 192.52M | +0.1% |
| Diluted shares | 193.47M | 193.56M | 193.78M | 193.53M | 193.42M | -0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.33B | $2.29B | $2.28B | $2.07B | $2.07B | +1.9% |
| Cash & short-term investments | $2.67B | $2.70B | $2.74B | $2.54B | $2.59B | -1.3% |
| Accounts receivable | $1.15B | $940.96M | $1.25B | $955.61M | $1.01B | +22.6% |
| Inventory | $1.97B | $1.85B | $1.77B | $1.89B | $1.79B | +6.3% |
| Total current assets | $6.31B | $6.00B | $6.25B | $5.81B | $5.82B | +5.2% |
| Property, plant & equipment | $1.67B | $1.59B | $1.57B | $1.48B | $1.47B | +5.0% |
| Goodwill & intangibles | $927.53M | $937.50M | $958.60M | $963.27M | $787.84M | -1.1% |
| Total assets | $11.42B | $10.95B | $10.99B | $10.52B | $10.32B | +4.3% |
| Total current liabilities | $2.08B | $1.38B | $1.72B | $1.75B | $1.93B | +51.5% |
| Total debt | $177.96M | $167.61M | $164.84M | $155.77M | $148.61M | +6.2% |
| Total liabilities | $2.39B | $1.68B | $2.02B | $2.04B | $2.20B | +42.4% |
| Retained earnings | $7.11B | $7.37B | $6.97B | $6.44B | $6.04B | -3.6% |
| Shareholder equity | $9.03B | $9.27B | $8.97B | $8.48B | $8.13B | -2.6% |
| Working capital | $4.23B | $4.62B | $4.53B | $4.06B | $3.89B | -8.6% |
| Net tangible assets | $8.10B | $8.33B | $8.01B | $7.51B | $7.34B | -2.8% |
| Shares issued | 192.91M | 194.90M | 194.90M | 194.90M | 194.90M | -1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $541.92M | — | — | — | — | — |
| Depreciation & amortisation | $48.86M | $49.13M | $46.25M | $49.10M | $47.10M | -0.5% |
| Stock-based compensation | $45.47M | $43.32M | $41.00M | $42.72M | $44.51M | +5.0% |
| Change in working capital | -$234.79M | $33.91M | -$127.35M | -$56.04M | -$304.49M | -792.3% |
| Operating cash flow | $403.56M | $535.99M | $553.78M | $485.62M | $173.17M | -24.7% |
| Capital expenditure | -$127.78M | -$66.62M | -$124.17M | -$60.53M | -$45.68M | -91.8% |
| Investing cash flow | -$144.30M | -$252.37M | -$131.41M | -$267.72M | -$113.51M | +42.8% |
| Dividends paid | -$202.41M | -$173.64M | -$172.97M | -$173.17M | -$173.18M | -16.6% |
| Financing cash flow | -$213.19M | -$260.05M | -$218.60M | -$209.73M | -$210.94M | +18.0% |
| Free cash flow | $275.78M | $469.37M | $429.61M | $425.08M | $127.50M | -41.2% |
| End cash position | $2.33B | $2.29B | $2.28B | $2.07B | $2.07B | +1.9% |
Options analytics
Put / call volume
0.40
Call-heavy session
Put / call open interest
4.06
Positioning, not flow
Max pain
210.00
-24.8% from spot
ATM implied vol
0.4%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
289
Contracts, this expiry
Put volume
117
Contracts, this expiry
Heaviest call OI
195.00
6 contracts
Heaviest put OI
210.00
64 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.29 | 2.81 | +22.5% |
| Mar 2026 | 1.84 | 2.08 | +13.1% |
| Dec 2025 | 2.39 | 2.79 | +16.6% |
| Sep 2025 | 1.99 | 1.99 | 0.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.38 | 7 | $1.98B | +11.9% |
| Next quarter | 2.85 | 7 | $2.32B | +9.3% |
| Current year | 10.13 | 7 | $8.10B | +11.8% |
| Next year | 11.13 | 7 | $9.04B | +11.6% |
Analyst targets & ownership
Mean target$302.00
High target$370.00
Low target$231.00
Implied upside8.16%
Analyst count6
ConsensusHOLD
Strong buy / Buy0 / 2
Hold4
Sell / Strong sell0 / 1
Held by insiders14.69%
Held by institutions58.30%
Institutions holding1.42K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
287.62
-2.93% from price
SMA 20
282.70
-1.23% from price
SMA 50
289.47
-3.55% from price
SMA 100
263.99
+5.77% from price
SMA 200
247.11
+12.99% from price
EMA 12
284.41
-1.83% from price
EMA 26
283.98
-1.68% from price
EMA 50
280.16
-0.34% from price
RSI (14)
44.7
Neutral
MACD (12,26,9)
0.43
Hist -0.43
ATR (14)
7.67
2.75% of price
Realised vol 30D
22.5%
Annualised
Bollinger upper
296.44
20, 2σ
Bollinger lower
268.96
20, 2σ
50 / 200 cross
Golden
289.47 vs 247.11
Trend bias
Above 200
+12.99%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.96
Less volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
22.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-28.0%
Peak to trough
Max drawdown 5Y
-52.5%
Peak to trough
ATR 14
7.67
2.75% of price
Beta (reported)
0.83
5Y monthly, from filing
Short interest
Shares short
3.09M
Prior 3.36M
Change vs prior
-8.1%
Shorts covering
% of float
1.88%
Normal
% of shares out
1.60%
Against total outstanding
Days to cover
3.7
Liquid
Float
164.50M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 6, 26 | Tigress Financial | MAINTAINED | Strong Buy | Strong Buy |
| Jul 30, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 30, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 20, 26 | Tigress Financial | MAINTAINED | Strong Buy | Strong Buy |
| Apr 30, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 16, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Feb 20, 26 | Tigress Financial | MAINTAINED | Strong Buy | Strong Buy |
| Feb 19, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Feb 19, 26 | Morgan Stanley | UPGRADE | Underweight | Equal-Weight |
| Jan 16, 26 | Barclays | UPGRADE | Underweight | Equal-Weight |
| Dec 19, 25 | Tigress Financial | MAINTAINED | Strong Buy | Strong Buy |
| Dec 3, 25 | Longbow Research | UPGRADE | Neutral | Buy |
Dividends & splits
Forward rate$4.20 / yr
Forward yield1.50%
5-year avg yield1.89%
Payout ratio38.70%
Ex-dividend dateDec 11, 2026
Next pay dateMar 26, 2027
Last split2:1
Split dateAug 16, 2006
SEC filings
Periodic Financial Reports
10-Q · 2026-07-29
Annual report of employee stock purchase
11-K · 2026-06-25
Corporate Changes & Voting Matters
8-K · 2026-06-08
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-27
Corporate Changes & Voting Matters
8-K · 2026-04-29
Proxy Statements
DEFA14A · 2026-04-22
Proxy Statements
PRE 14A · 2026-04-10
Periodic Financial Reports
10-K · 2026-02-18
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PR Newswire · 22h ago
Garmin (GRMN) Surpasses Market Returns: Some Facts Worth Knowing
Zacks · 1d ago
DAKT vs. GRMN: Which Stock Is the Better Value Option?
Zacks · 2d ago
Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
Barrons.com · 6d ago
Garmin earns NMEA Manufacturer of the Year honors for a record 12th consecutive year
PR Newswire · 6d ago
Here's Why Garmin (GRMN) Fell More Than Broader Market
Zacks · 7d ago
Garmin and M/I Homes have been highlighted as Zacks Bull and Bear of the Day
Zacks · 8d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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