Garmin Ltd

AI Summary

Garmin makes GPS-enabled devices and smartwatches for runners, cyclists, golfers, and outdoor enthusiasts, along with advanced cockpit systems for aircraft, marine navigation equipment for boats, and automotive infotainment systems [Yahoo Finance]. The company also operates Garmin Connect, a web and mobile platform where users track fitness and wellness data, and Connect IQ, which allows third-party developers to create apps for Garmin devices [Yahoo Finance].

Garmin Ltd. is a Swiss-based technology company that designs and manufactures GPS-enabled devices across five major segments: fitness wearables, outdoor handhelds, aviation systems, marine electronics, and automotive navigation [Yahoo Finance]. The company reported strong Q1 2026 results with revenue of $1.75B (beating consensus) and reaffirmed full-year guidance, though Morgan Stanley recently lowered its price target to $249 while maintaining an Equal Weight rating [Yahoo Finance]. Recent news coverage skews positive, with multiple articles highlighting the company's diversified business model and product launches like the new Forerunner running watches [EODHD].

Garmin is in exceptionally strong financial health with no net debt, robust cash generation, and a health score of 9.5/10 [Yahoo Finance].

Recent News

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• Morgan Stanley Lowers its Price Target on Garmin (GRMN) to $249

  Yahoo Finance· 2026-05-07

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