GARMIN LTD(GRMN)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
GRMN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for GARMIN LTD (GRMN), a Technology sector company. GRMN is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), GARMIN LTD reports quarterly revenue of $1.8B, net income of $405.1M, an operating margin of 24.6%. Top institutional holders of GRMN by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. GRMN trades on the NYSE exchange and files with the SEC under CIK 1121788. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GRMN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for GARMIN LTD directly from SEC EDGAR.
Revenue
Q1 2026
$1.8B
Net Income
Q1 2026
$405.1M
Free Cash Flow
Q1 2026
$469.4M
Operating Margin
Q1 2026
24.6%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+20.4% YoYNet Income
+9.4% YoYOperating Income
+45.9% YoYEPS (Diluted)
+8.8% YoYTotal Assets
+11.9% YoYOp. Cash Flow
+4.1% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $6.30B +20.4% | $5.23B +7.6% | $4.86B -2.5% | $4.98B +19.0% | $4.19B +35.6% | $3.09B |
| Net Income | $1.41B +9.4% | $1.29B +32.5% | $973.6M -10.0% | $1.08B +9.1% | $992.3M +40.0% | $709.0M |
| Operating Income | $1.59B +45.9% | $1.09B +6.3% | $1.03B -15.7% | $1.22B +15.6% | $1.05B +54.2% | $683.6M |
| EPS (Diluted) | $7.30 +8.8% | $6.71 +33.1% | $5.04 -10.2% | $5.61 +8.5% | $5.17 +37.5% | $3.76 |
| Total Assets | $9.63B +11.9% | $8.60B +11.3% | $7.73B -1.6% | $7.85B +11.7% | $7.03B +42.1% | $4.95B |
| Operating Cash Flow | $1.43B +4.1% | $1.38B +74.6% | $788.3M -22.1% | $1.01B -10.8% | $1.14B +71.8% | $660.8M |
AI Insight: GRMN Financial Trends
GRMN delivered record Q4 2025 revenue and operating income, but Q1 2026 shows seasonal normalization with margin stability.
• Q4 2025 revenue reached $2,125M and operating income $614M, both all-time highs; Q1 2026 revenue $1,753M reflects typical seasonal decline.
• Operating margin remained robust: 26.8% in Q4 2025 and 24.6% in Q1 2026, compared to 22.7% in Q1 2025.
• Operating cash flow averaged $437M over eight quarters with strong conversion; Q1 2026 reached $536M despite seasonal revenue trough.
⚠ Equity expanded 32% from $7,005M (Q2 2024) to $9,271M (Q1 2026) with no debt disclosure; capital allocation efficiency unclear.
⚠ Q2 2025 operating cash flow dropped to $173M, lowest in the period; retest needed to confirm outlier versus trend deterioration.
AI Insight: GRMN Ratio Trends
Garmin's profitability metrics remain healthy but face seasonal Q1 2026 softness after strong Q4 2025 close.
• Operating margin held 24.6% in Q1 2026 vs. 28.9% in Q4 2025, typical seasonal decline. TTM OpMargin of 26.5% outpaces Q2 2024 baseline of 22.7%.
• ROIC recovered to 18.6% in Q1 2026 from Q1 2025 trough of 16.3%, signaling sustained capital efficiency improvement.
• Net profit margin expanded to 23.1% (TTM) from 20.0% in Q2 2024, reflecting operational leverage.
⚠ Q1 2026 ROE declined to 17.5% from Q4 2025's 23.6%—largest sequential drop in the dataset. Monitor Q2 recovery.
⚠ ROA and ROIC both dipped in Q1 2026 vs. Q4 2025, consistent with seasonal softness but worth tracking against prior-year Q1.
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Available Research
13F Pro tracks comprehensive data for GARMIN LTD including:
Top Institutional Holders of GRMN
BlackRock, Inc.
$3.6B15,437,203 shVANGUARD CAPITAL MANAGEMENT LLC
$2.5B10,623,156 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.8B7,870,461 shSTATE STREET CORP
$1.6B6,852,099 shArtisan Partners Limited Partnership
$1.3B5,519,637 shGEODE CAPITAL MANAGEMENT, LLC
$1.0B4,400,713 shFMR LLC
$499.3M2,151,852 shNORTHERN TRUST CORP
$415.6M1,791,307 shMORGAN STANLEY
$412.5M1,777,745 shALLIANCEBERNSTEIN L.P.
$392.1M1,932,847 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $3.6B | 15,437,203 |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.5B | 10,623,156 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.8B | 7,870,461 |
| STATE STREET CORP | $1.6B | 6,852,099 |
| Artisan Partners Limited Partnership | $1.3B | 5,519,637 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.0B | 4,400,713 |
| FMR LLC | $499.3M | 2,151,852 |
| NORTHERN TRUST CORP | $415.6M | 1,791,307 |
| MORGAN STANLEY | $412.5M | 1,777,745 |
| ALLIANCEBERNSTEIN L.P. | $392.1M | 1,932,847 |
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Popular Research
Is GRMN a good stock to buy?
13F Pro's AI-powered analysis of GARMIN LTD (GRMN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for GRMN are available on the GRMN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own GRMN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling GRMN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of GARMIN LTD's investment landscape.