Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN) stock has experienced positive movement, with a share price of $255.18 as of October 1, 2025, a 48.32% increase from the previous year. The total return over the past 12 months was 52.11%, outperforming the S&P 500, and the YTD return is 26.44%. The stock reached an all-time high of $258.51 on October 2, 2025. Key events impacting the stock include strong financial performance, with record-breaking Q2 2025 earnings and double-digit sales growth across all business segments. Product innovations and launches have also contributed to positive sentiment, and analyst ratings and price targets have been updated.

Demand for Garmin's products exhibits some seasonality. The summer quarter (Q2) shows strong growth in the fitness segment, and the outdoor segment experiences robust demand. Garmin also utilizes seasonal discounts during holiday periods.

Garmin Ltd. is a multinational technology company specializing in wireless devices leveraging GPS technology, operating in the Technology sector across Consumer Electronics, Software Services, and Online Services. The company's business is divided into five segments: Fitness, Outdoor, Automotive, Aviation, and Marine. Its fitness products include running and multi-sport watches, cycling products, smartwatches, scales, and monitors, supported by the Garmin Connect platform. The company's outdoor products include adventure watches, handhelds, satellite communicators, golf devices, and dog tracking devices. Automotive products include personal navigation devices, OEM solutions, and cameras. Aviation products include integrated flight decks, electronic displays, navigation products, and flight control systems. Marine products include chartplotters, fishfinders, autopilot systems, radars, and communication radios.

Garmin operates globally with its legal domicile in Switzerland and operational headquarters in the U.S. As of 2024, it has approximately 21,800 employees and 89 offices across 35 countries, with a presence in North America, Asia-Pacific, Europe, the Middle East, and Africa. Garmin has recently expanded its Outdoor Maps+ and aviation navigation database coverage in Europe.

Garmin has a strong brand reputation for durable, high-precision, and reliable devices, enabling premium pricing. The company was named the 2025 Manufacturer of the Year by NMEA for the 11th consecutive year. Continuous innovation and vertical integration in design and manufacturing further solidify its standing.

Garmin Ltd. is primarily held by institutional investors, who own between 57% and 58% of the shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Insiders own approximately 19.39% of the stock, with co-founder Min H. Kao being the largest individual shareholder.