Garmin (GRMN) Stock Forecast & Price Target

Garmin demonstrated a robust financial performance, with Net Sales Revenue increasing significantly by 16.56% year-over-year to reach $6.94 billion for the 12 months ending September 2025. The company's operating income also showed substantial growth, soaring by 38% year-over-year to $472 million, alongside a notable 37% increase in earnings per share (EPS) to $2.17. Furthermore, Garmin's Economic Profit rose by 14.08% year-over-year, highlighting the company's ability to enhance shareholder value with an increase from $832.3 million to $949.5 million over the last twelve months.

Garmin experienced a 5% year-over-year decline in outdoor revenue, totaling $496.60 million, primarily due to strong prior-year comparisons in the consumer automotive and adventure watch segments. Additionally, the company's Economic Profit (EP) fell by 5.56% over the last twelve months, decreasing from $1.02 billion to $963.8 million, while Return on Capital (ROC) showed a decline from 22.97% to 20.69%. Furthermore, the automotive sector faced a 2% drop in OEM net sales to $164.84 million, influenced by the phasing out of legacy programs and diminished sales volumes from older models, despite some offset from BMW domain controller sales.