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, Outside, Aviation, Marine & Auto OEM, grew its adjusted EPS by 16% in FY25, following a 32% enlargement in FY24. Its upward earnings revisions land the GPS know-how innovator a Zacks Rank #1 (Sturdy Purchase) proper now.
On prime of document 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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Traders may additionally respect that the Tech-topping inventory seems slightly 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 international positioning system know-how into navigation units for a number of markets. GRMN’s in-car navigation programs helped it turn out to be a family identify. However fortunately, its choices span far past GPS programs for vehicles 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 individuals and docs monitor varied key metrics.
Health accounted for roughly 33% of 2025 income, adopted by its Outside unit’s 28%. GRMN’s portfolio spans far past its extra consumer-heavy efforts. Garmin is an innovator throughout aviation and marine, rolling out varied cutting-edge and important applied sciences.
Garmin makes sonar, radars, autopilot programs, and different essential and cutting-edge tech for varied sorts and sizes of boats. In the meantime, its aviation enterprise spans normal, enterprise, authorities & protection, helicopters, and experimental plane, with choices reminiscent of flight decks & shows, autopilot, navigation & radios, and far more.
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Garmin grew its gross sales by 15% in 2025, following 20% progress in 2024, pushed by document income throughout all 5 segments. Its Health phase 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% throughout the yr, reflecting a excessive stage of engagement with our merchandise and app platforms.” Total, the corporate shipped over 20 million items final yr, marking a brand new document.
The GPS powerhouse grew its adjusted EPS by 16% in FY25 after 32% enlargement in FY24. Its upbeat EPS steering helps it earn a Zacks Rank #1 (Sturdy Purchase), with its FY27 EPS estimate 7% increased.
The current upward revisions lengthen a powerful development increased over the previous couple of years after a post-Covid increase pullback. Wanting 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 complete, which is slightly spectacular for a corporation promoting high-end GPS programs and health wearables.
Purchase Tech Tools Inventory GRMN and Maintain Without end?
Garmin additionally raised its dividend by 17% and introduced a brand new $500 million share repurchase program, supported by its unbelievable steadiness sheet.
GRMN boasts $2.7 billion in money and equivalents, $10.9 billion in complete property, vs. $2.0 billion in complete 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 might 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 power to innovate in-house and thru acquisitions. The corporate’s portfolio can be slightly proof against AI disruptions since persons are nonetheless bodily sporting or mounting its merchandise.
The GPS large has skyrocketed ~2,400% prior 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 seems to interrupt out into a brand new buying and selling vary.
GRM’s valuation stays engaging, 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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