Zacks Investment Research
29 Oct 2026, 13:51 UTC · 1h ago
Garmin Q3 Earnings Call Highlights Growth and Cost Pressures
Impact · against what's priced in
Garmin is likely to see a positive price reaction due to an upward revision in full-year 2026 revenue and EPS guidance, alongside a significant Q3 earnings beat. However, the upside is tempered by management's warning that rising raw material and memory costs will lead to margin normalization in 2027.
- GRMN+0.40
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- In context
The company raised its 2026 revenue forecast by $100 million to $8.15 billion and increased pro forma EPS guidance by $0.80 to $10.80. While Q3 earnings beat estimates by 16%, forecasts for 2027 suggest margin compression due to rising memory and raw material costs.
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