Analyse produit facultative
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Garmin Ltd.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $54.2B | |
|---|---|---|
| Revenue (ttm) | 7.9B | |
| Net income (ttm) | 2B | |
| EPS (ttm) | $10.4 | |
| Shares out | 192.9M | |
| P/E (trailing) | 26.2x | |
| P/E (forward) | 24.8x | |
| Dividend | $4.20 (1.54%) | |
| Volume | 1,711,306 | |
| Beta | 0.83 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-25 | 2022-12-31 | 2023-12-30 | 2024-12-28 | 2025-12-27 | Trend |
| Revenue | $4.98B | $4.86B | $5.23B | $6.30B | $7.25B | +9.8% |
| Gross profit | $2.89B | $2.81B | $3.00B | $3.70B | $4.26B | +10.2% |
| Operating income | $1.22B | $1.03B | $1.09B | $1.59B | $1.88B | +11.4% |
| Net income | $1.08B | $973.6M | $1.29B | $1.41B | $1.66B | +11.4% |
| EPS (diluted) | $5.61 | $5.04 | $6.71 | $7.30 | $8.59 | +11.2% |
| EBITDA | $1.36B | $1.23B | $1.27B | $1.88B | $2.20B | +12.8% |
| R&D | $778.8M | $834.9M | $904.7M | $993.6M | $1.13B | +9.7% |
| SG&A | $721.3M | $944.0M | $1.01B | $1.11B | $1.25B | +14.8% |
Recent company headlines from major financial publishers.
The base case represents the modal expected trajectory, carrying a 60.0% probability and projecting a target price of $192.38, implying a return of -31.6% against $281.08 (as of 2026-10-02). In this scenario, multi-segment diversification delivers steady revenue expansion supported by health smartwatch demand, aviation flight deck retrofits, and disciplined cost control that sustains high operating margins. Free cash flow conversion remains robust, supporting modest share repurchases and regular dividends. The thesis would be challenged if wearable revenue growth decelerates significantly or operating margins fall below target ranges over a full fiscal year.
In the bull scenario, with an assigned probability of 20.0% and a target price of $218.14 yielding an implied return of -22.4%, accelerated consumer adoption of premium fitness and outdoor wearables combines with robust avionics OEM production. Operating margins expand toward Potential value $218.14 expectations as manufacturing scale generates operating leverage. Cash flow conversion accelerates, driving enhanced share buybacks. Disconfirmation would occur if avionics delivery cadences stall or premium wearable gross margins fail to expand.
| Ke ↓ / g → | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 8.0% | $200 | $211 | $224 | $240 | $260 |
| 8.5% | $188 | $197 | $208 | $221 | $236 |
| 9.0% | $178 | $185 | $192 | $205 | $217 |
| 9.5% | $169 | $175 | $183 | $191 | $201 |
| 10.0% | $161 | $166 | $173 | $180 | $188 |
Upcoming earnings date and setup when available.
La notation portée par l'édition de recherche publiée chaque mois. Une notation compare le cours à la date d'analyse à la juste valeur ; elle n'indique pas si l'appréciation s'est révélée juste.
| Année | janv. | févr. | mars | avr. | mai | juin | juil. | août | sept. | oct. | nov. | déc. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
