Garmin (NYSE: GRMN) reported record third-quarter 2026 revenue of $1.99 billion, up 12% from a year earlier. GAAP net income rose to $541.7 million from $401.6 million, while diluted GAAP earnings per share increased to $2.80 from $2.08.
The company raised its full-year 2026 outlook and now expects approximately $8.15 billion in revenue and pro forma EPS of $10.80.
- Third-quarter operating income increased 34% to $611.6 million, with operating margin expanding to 30.8%.
- Gross margin increased to 63.3%, compared with 59.1% in the prior-year quarter.
- Fitness revenue rose 16%, outdoor revenue increased 20%, aviation revenue gained 5%, and marine revenue grew 16%.
- Auto OEM revenue declined 20% during the quarter.
- Garmin generated $393.9 million in operating cash flow and paid $202 million in quarterly dividends.
$GRMN Insider Trading Activity
$GRMN insiders have traded $GRMN stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $GRMN stock by insiders over the last 6 months:
- CHENG-WEI WANG (General Manager - Garmin Corp.) has made 0 purchases and 7 sales selling 9,941 shares for an estimated $2,975,982.
- CLIFTON A PEMBLE (President and CEO) sold 4,029 shares for an estimated $1,208,700
- DOUGLAS G. BOESSEN (CFO and Treasurer) has made 0 purchases and 4 sales selling 2,000 shares for an estimated $475,812.
- JOSHUA H MAXFIELD (VP, General Counsel) has made 0 purchases and 3 sales selling 1,152 shares for an estimated $335,385.
- SEAN BIDDLECOMBE (Managing Director, EMEA) sold 986 shares for an estimated $288,779
- JOSEPH J HARTNETT sold 643 shares for an estimated $169,475
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GRMN Hedge Fund Activity
We have seen 523 institutional investors add shares of $GRMN stock to their portfolio, and 437 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,386,208 shares (-99.3%) from their portfolio in Q2 2026, for an estimated $329,279,848
- FMR LLC added 1,240,940 shares (+57.7%) to their portfolio in Q2 2026, for an estimated $294,772,887
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,034,210 shares (+inf%) to their portfolio in Q2 2026, for an estimated $245,666,243
- JPMORGAN CHASE & CO added 682,844 shares (+inf%) to their portfolio in Q2 2026, for an estimated $162,202,763
- BLACKROCK, INC. removed 615,543 shares (-4.0%) from their portfolio in Q2 2026, for an estimated $146,216,084
- GEODE CAPITAL MANAGEMENT, LLC added 605,504 shares (+13.8%) to their portfolio in Q2 2026, for an estimated $143,831,420
- NEUBERGER BERMAN GROUP LLC added 529,704 shares (+4453.2%) to their portfolio in Q2 2026, for an estimated $125,825,888
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
