GRMN Stock Recent News

PAX, PFIS and GRMN made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 26, 2025.

GRMN, LNVGY and HLF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 26, 2025.

FINW, PFIS, LNVGY, SSB and GRMN have been added to the Zacks Rank #1 (Strong Buy) List on February 26, 2025.

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Top-ranked stocks Tenet Healthcare (THC), Fortinet (FTNT), Lyft (LYFT), Garmin (GRMN) and Doximity (DOCS) are likely to beat on the bottom line in their upcoming releases.

Evaluate Garmin's (GRMN) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

Garmin (GRMN -0.96%) has been riding a wave of success in recent years. Once thought of only as a provider of navigation devices, the company now has a loyal following of fitness-oriented consumers, athletes, outdoor enthusiasts, and professionals in the aviation and marine sectors.

Garmin's NYSE: GRMN Q4 results and 2025 guidance sent its shares to new highs because of broad-based strength centered in consumer products. Its fitness and outdoor segments led with high double-digit growth driven by demand for wearables across categories.

Garmin reported record revenue of $1.82B, a 40% EPS increase, and a 20% dividend hike, driven by strong product diversification and innovation. Competition in Fitness, persistent losses in Auto OEM, and soft demand in Marine pose potential headwinds, alongside geopolitical risks in Taiwan. The stock has surged 108.56% since November 2023, trading above historical valuation metrics, making it less attractive at current levels.

GRMN's fourth-quarter 2024 results reflect solid momentum across Outdoor, Fitness, Aviation, Marine and Auto OEM segments.