Garmin Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Garmin Ltd. (NYSE:GRMN) exceeded second-quarter revenue and statutory profit expectations, leading analysts to raise their earnings per share estimates and increase the consensus price target to US$284. The company is projected to see 5.5% revenue improvement in 2026, reaching US$8.09 billion, with earnings per share expected to grow 2.8% to US$10.01. Analysts are more optimistic about Garmin's future, anticipating faster revenue growth compared to the broader industry.