Why Garmin (GRMN) Stock Is Down Today

Garmin (GRMN) is down 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied less to the headline quarter and more to investor concerns about the quality of the beat. Garmin posted record third-quarter results and raised full-year guidance, but weak Auto OEM trends, a small revenue shortfall versus expectations, and margin help from one-time items may have tempered enthusiasm. This could also be simple profit-taking after the stock had been trading close to its 52-week high going into earnings.

Details:

Garmin reported third-quarter revenue of about $1.99 billion, up 12% year over year, with pro forma EPS of $2.76, and it lifted full-year 2026 guidance to about $8.15 billion in revenue and $10.80 in pro forma EPS.

One soft spot was Auto OEM, where revenue fell 20% year over year to about $132 million and the segment posted an operating loss, showing continued pressure in that business.

Even with the profit beat, reported revenue was roughly in line to slightly below Wall Street expectations, and some tracked segment results such as Fitness and Aviation came in below certain analyst forecasts.

Gross margin also got a boost from about $33 million of refunds on previously paid tariffs, alongside tax-rate benefits, which may have led some investors to view part of the quarter’s upside as less repeatable.

Sources:

Garmin, Yahoo Finance, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$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.

EARLY ACCESS

Receive GRMN Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$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.

$GRMN Analyst Ratings

Wall Street analysts have issued reports on $GRMN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Tigress Financial issued a "Strong Buy" rating on 05/20/2026

To track analyst ratings and price targets for $GRMN, check out Quiver Quantitative's $GRMN forecast page.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.