Garmin (GRMN) Tops Q3 Earnings Estimates

Core Insights - Garmin reported quarterly earnings of $1.99 per share, slightly exceeding the Zacks Consensus Estimate of $1.98 per share, maintaining the same earnings as the previous year, indicating stability in performance [1] - The company generated revenues of $1.77 billion for the quarter ended September 2025, which fell short of the Zacks Consensus Estimate by 1.05%, but showed an increase from $1.59 billion year-over-year [2] - Garmin's stock has increased by approximately 20.3% since the beginning of the year, outperforming the S&P 500's gain of 17.2% [3] Earnings Performance - Over the last four quarters, Garmin has surpassed consensus EPS estimates three times, indicating a generally positive earnings trend [2] - The company had a favorable estimate revisions trend ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.29 on revenues of $2.02 billion, while for the current fiscal year, the estimate is $8.09 on revenues of $7.15 billion [7] - The outlook for the Electronics - Miscellaneous Products industry, where Garmin operates, is strong, currently ranking in the top 20% of over 250 Zacks industries, which historically correlates with better stock performance [8]