Garmin Ltd. GRMN soared close to all-time highs and a possible breakout stage after its beat-and-raise This autumn report on February 18.
The GPS powerhouse, which operates throughout Health, Out of doors, Aviation, Marine & Auto OEM, grew its adjusted EPS by 16% in FY25, following a 32% growth in FY24. Its upward earnings revisions land the GPS expertise innovator a Zacks Rank #1 (Robust Purchase) proper now.
On high of report income throughout all segments, Garmin raised its dividend by 17% and introduced a brand new $500 million share repurchase program, supported by its robust steadiness sheet.
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Buyers may additionally recognize that the Tech-topping inventory seems relatively proof against AI disruptions as its wearable health trackers, GPS programs for boats, planes, and extra, achieve traction.
Is GRMN a Should-Purchase Tech Inventory Immune from AI Disruption?
Garmin helped popularize the consumer-facing GPS motion over 30 years in the past, integrating world positioning system expertise into navigation units for a number of markets. GRMN’s in-car navigation programs helped it grow to be a family title. However fortunately, its choices span far past GPS programs for automobiles in a world the place many individuals use their smartphones to assist them get round.
The Switzerland-based agency’s health wearables and smartwatches proceed to develop in recognition regardless of challenges from Apple AAPL and others. GRMN always rolls out an array of choices, attracting everybody from health fanatics to hikers and mountaineers and past. Garmin’s wearables are additionally gaining steam within the broader world of well being care, serving to folks and medical doctors monitor numerous key metrics.
Health accounted for roughly 33% of 2025 income, adopted by its Out of doors unit’s 28%. GRMN’s portfolio spans far past its extra consumer-heavy efforts. Garmin is an innovator throughout aviation and marine, rolling out numerous cutting-edge and important applied sciences.
Garmin makes sonar, radars, autopilot programs, and different essential and cutting-edge tech for numerous varieties and sizes of boats. In the meantime, its aviation enterprise spans normal, enterprise, authorities & protection, helicopters, and experimental plane, with choices akin to flight decks & shows, autopilot, navigation & radios, and way more.
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Garmin grew its gross sales by 15% in 2025, following 20% progress in 2024, pushed by report income throughout all 5 segments. Its Health section surged 33% in 2025, pushed by 42% progress in This autumn. On the health entrance, GRMN mentioned that “on common, our customers elevated exercise ranges by 8% in the course of the yr, reflecting a excessive stage of engagement with our merchandise and app platforms.” General, the corporate shipped over 20 million models final yr, marking a brand new report.
The GPS powerhouse grew its adjusted EPS by 16% in FY25 after 32% growth in FY24. Its upbeat EPS steering helps it earn a Zacks Rank #1 (Robust Purchase), with its FY27 EPS estimate 7% increased.
The current upward revisions lengthen a robust development increased over the previous couple of years after a post-Covid increase pullback. Trying forward, Garmin is projected to spice up its EPS by 8% in 2026 and 2027 to $9.96 a share, practically doubling its 2020 determine.
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GRM is projected to develop its income by one other 10% in 2026 and seven% in 2027 to achieve $8.52 billion, greater than doubling its 2020 whole, which is relatively spectacular for an organization promoting high-end GPS programs and health wearables.
Purchase Tech Tools Inventory GRMN and Maintain Eternally?
Garmin additionally raised its dividend by 17% and introduced a brand new $500 million share repurchase program, supported by its unimaginable steadiness sheet.
GRMN boasts $2.7 billion in money and equivalents, $10.9 billion in whole belongings, vs. $2.0 billion in whole liabilities and 0 debt, supporting its buybacks and its dividend. Its shareholders’ fairness has skyrocketed over the past 20 years, which is one thing Wall Road will likely be clamoring for greater than ever amid AI disruptions throughout Tech and past.
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GRMN stays a significant participant in consumer-facing segments regardless of mounting competitors from the likes of Apple and others as a result of its choices are sometimes best-in-class. The corporate can be a standout throughout aviation and marine, with the flexibility to innovate in-house and thru acquisitions. The corporate’s portfolio can be relatively proof against AI disruptions since persons are nonetheless bodily carrying or mounting its merchandise.
The GPS large has skyrocketed ~2,400% up to now 25 years to greater than double the Tech sector’s 1,080%. GRMN has climbed ~505% within the final decade to outpace Tech’s 430%. The inventory gapped up close to its October 2025 peaks final month, because it appears to interrupt out into a brand new buying and selling vary.
GRM’s valuation stays attractive, buying and selling at solely a slight premium to the Tech sector at 26.8X ahead 12-month earnings regardless of its outperformance.
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