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Let’s see how things have shaped up for this announcement.
Key Factors to Note for Garmin
Garmin’s expanding portfolio is expected to have been the key growth driver for its top-line growth in the third quarter of 2026.
In the Fitness segment, strong demand for advanced wearables is expected to have continued in the third quarter. The company's expanding lineup, including the Forerunner 70 and Forerunner 170 running watches and the CIRQA smart band, is likely to have supported revenue growth and further market share gains. The Zacks Consensus Estimate for revenues in the Fitness segment is pegged at $728.6 million, indicating a year-over-year increase of 21.3%.
Strong demand for the fenix smartwatch lineup, along with recently launched products such as the Approach Z10 laser rangefinder, is likely to have supported the Outdoor segment’s performance in the to-be-reported quarter. The consensus estimate for Outdoor revenues is pegged at $545.7 million, indicating a year-over-year rise of 9.6%.
The Marine segment is expected to have benefited from broad-based demand across multiple product categories. Newly launched products, including the Signal VHF Marine Radio and next-generation LiveScope 2 sonar system, which offers improved range and clarity, are likely to have supported the company’s third-quarter performance. The consensus estimate for Marine revenues is pinned at $299 million, up 11.5% from the figure reported in the year-ago quarter.
The Aviation segment is expected to have benefited from continued strength across both OEM and aftermarket product categories. New products, including the D2 Mach 2 Pro aviator smartwatch with inReach technology and the AXIS family of integrated cockpit display solutions, are likely to have supported the segment's performance in the third quarter. The consensus mark for Aviation revenues is pegged at $257.9 million, suggesting an increase of 7.5% from the figure reported in the year-ago quarter.
However, Garmin's Auto OEM segment is expected to have remained pressured in the third quarter as BMW-related production volumes have passed their peak. The consensus mark for Auto OEM revenues is pegged at $158.1 million, indicating a year-over-year decline of 4.2%.
What Our Model Says About GRMN
Our proven model does not conclusively predict an earnings beat for GRMN this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
GRMN has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Seagate Technology is set to report first-quarter fiscal 2027 results on Oct. 27. The Zacks Consensus Estimate for Seagate Technology’s first-quarter fiscal 2027 earnings is pegged at $7.44 per share, up by 10 cents over the past seven days, indicating a rise of 185.1% from the year-ago quarter’s reported figure.
Amphenol (APH - Free Report) has an Earnings ESP of +1.72% and carries a Zacks Rank #2 at present.
Amphenol is set to report third-quarter 2026 results on Oct. 28. The Zacks Consensus Estimate for Amphenol’s third-quarter 2026 earnings is pegged at 73 cents per share, up by a penny over the past seven days, indicating a rise of 55.3% from the year-ago quarter’s reported figure.
Corning (GLW - Free Report) has an Earnings ESP of +0.34% and a Zacks Rank #2 at present.
Corning is slated to report third-quarter 2026 results on Oct. 27. The Zacks Consensus Estimate for Corning’s third-quarter 2026 earnings is pegged at 89 cents per share, up by a penny over the past seven days, indicating a rise of 32.8% from the year-ago quarter’s reported figure.
View the Zacks #1 Rank List
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Garmin Gears Up to Report Q3 Earnings: How to Play the Stock
Key Takeaways
Garmin (GRMN - Free Report) is scheduled to report third-quarter 2026 results on Oct. 28, before market open.
The Zacks Consensus Estimate for Garmin’s third-quarter 2026 earnings is pegged at $2.38 per share, implying a year-over-year increase of 19.6%.
Garmin’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.5%.
The Zacks Consensus Estimate for Garmin’s second-quarter 2026 revenues is pegged at $1.99 billion, suggesting year-over-year growth of 12.3%.
Garmin Ltd. Price, Consensus and EPS Surprise
Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote
Let’s see how things have shaped up for this announcement.
Key Factors to Note for Garmin
Garmin’s expanding portfolio is expected to have been the key growth driver for its top-line growth in the third quarter of 2026.
In the Fitness segment, strong demand for advanced wearables is expected to have continued in the third quarter. The company's expanding lineup, including the Forerunner 70 and Forerunner 170 running watches and the CIRQA smart band, is likely to have supported revenue growth and further market share gains. The Zacks Consensus Estimate for revenues in the Fitness segment is pegged at $728.6 million, indicating a year-over-year increase of 21.3%.
Strong demand for the fenix smartwatch lineup, along with recently launched products such as the Approach Z10 laser rangefinder, is likely to have supported the Outdoor segment’s performance in the to-be-reported quarter. The consensus estimate for Outdoor revenues is pegged at $545.7 million, indicating a year-over-year rise of 9.6%.
The Marine segment is expected to have benefited from broad-based demand across multiple product categories. Newly launched products, including the Signal VHF Marine Radio and next-generation LiveScope 2 sonar system, which offers improved range and clarity, are likely to have supported the company’s third-quarter performance. The consensus estimate for Marine revenues is pinned at $299 million, up 11.5% from the figure reported in the year-ago quarter.
The Aviation segment is expected to have benefited from continued strength across both OEM and aftermarket product categories. New products, including the D2 Mach 2 Pro aviator smartwatch with inReach technology and the AXIS family of integrated cockpit display solutions, are likely to have supported the segment's performance in the third quarter. The consensus mark for Aviation revenues is pegged at $257.9 million, suggesting an increase of 7.5% from the figure reported in the year-ago quarter.
However, Garmin's Auto OEM segment is expected to have remained pressured in the third quarter as BMW-related production volumes have passed their peak. The consensus mark for Auto OEM revenues is pegged at $158.1 million, indicating a year-over-year decline of 4.2%.
What Our Model Says About GRMN
Our proven model does not conclusively predict an earnings beat for GRMN this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
GRMN has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Seagate Technology (STX - Free Report) has an Earnings ESP of +2.07% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate Technology is set to report first-quarter fiscal 2027 results on Oct. 27. The Zacks Consensus Estimate for Seagate Technology’s first-quarter fiscal 2027 earnings is pegged at $7.44 per share, up by 10 cents over the past seven days, indicating a rise of 185.1% from the year-ago quarter’s reported figure.
Amphenol (APH - Free Report) has an Earnings ESP of +1.72% and carries a Zacks Rank #2 at present.
Amphenol is set to report third-quarter 2026 results on Oct. 28. The Zacks Consensus Estimate for Amphenol’s third-quarter 2026 earnings is pegged at 73 cents per share, up by a penny over the past seven days, indicating a rise of 55.3% from the year-ago quarter’s reported figure.
Corning (GLW - Free Report) has an Earnings ESP of +0.34% and a Zacks Rank #2 at present.
Corning is slated to report third-quarter 2026 results on Oct. 27. The Zacks Consensus Estimate for Corning’s third-quarter 2026 earnings is pegged at 89 cents per share, up by a penny over the past seven days, indicating a rise of 32.8% from the year-ago quarter’s reported figure.