Garmin Ltd. · GRMN · Next earnings

Garmin Ltd. reports Wednesday, Feb 17, 2027

GRMN reports before market open with consensus EPS at $3.12 and revenue at $2.38B. Last quarter: Garmin raises 2026 outlook after record Q3; costs remain a risk

Reports Before market open104 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $3.12 Calendar consensus
Consensus revenue $2.38B Calendar consensus
Report date Feb 17, 2027 Wednesday, date estimated
Session Before market open 104 days away

Where GRMN left off: FY2026 Q3

Full report

Garmin raises 2026 outlook after record Q3; costs remain a risk

EPS surprise +14.5% Reported $2.76 vs $2.41
Revenue surprise -0.1% Reported $1.99B vs $1.99B
Stock move -5.8% Event window
Subsequent drift 0.0% Up to 20 sessions

Full-year revenue guidance rose to $8.15 billion and EPS guidance to $10.80, from the prior quarter's $8.05 billion and $10 outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising memory and raw-material costs could pressure gross margin
  • Elevated inventory and prepayment commitments could affect cash flow
  • Component supply constraints may limit execution
  • High fuel prices may weigh on marine demand
  • Auto OEM revenue may remain soft before the Mercedes program launches

Questions analysts left open

  • Whether gross-margin expansion can persist as memory costs rise
  • Competitive dynamics in wearables
  • Inventory prepayments and cash-flow implications
  • Timing and impact of the Mercedes domain-controller launch
  • Capitalization timing for the Thailand facility

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Recent GRMN quarters

All GRMN earnings
-5.8%FY2026 Q3+16.2%FY2026 Q2+2.1%FY2026 Q1+9.4%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.