Garmin
GRMNMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +67%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$183
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 22 months
- How long Benson has been tracking this pick.
About Garmin
Garmin makes the GPS-powered watches, bike computers, fish finders, and aircraft navigation systems used by athletes, pilots, sailors, and outdoor enthusiasts. Their five business lines span fitness wearables, outdoor adventure gear, aviation cockpits, marine electronics, and car infotainment. Customers tend to be loyal and pay premium prices for hardware that just works.
The case for and against
Both sides of the story, in plain English.
- Fitness On Fire
Garmin's fitness segment grew 42 percent year over year in Q1 2026 to 547 million dollars in revenue. The new Fenix 8 Pro smartwatch with satellite messaging just won Best Connected Device at Mobile World Congress in Barcelona, and operating margins in the segment hit 29 percent. People are choosing Garmin over Apple Watch for serious fitness tracking and they are paying up.
- Aviation Aces
The aviation business grew 18 percent year over year in Q1 with a stunning 75 percent gross margin and 27 percent operating margin. Daher's new TBM 980 turboprop runs on Garmin's G3000 PRIME cockpit, and the HondaJet Elite II just got FAA-certified as the first twin-jet with Garmin's Emergency Autoland tech. These are the kinds of long-cycle wins that lock in years of high-margin avionics revenue.
- Outdoor Hangover
Garmin's outdoor segment, the home of Instinct and Tactix watches, declined 5 percent in Q1 2026 because last year's Instinct 3 launch was so strong. New product launches drive Garmin's revenue, so when one segment laps a hit, the comp gets ugly. Investors should expect choppiness as launches cycle.
- Tariff Trip Wire
Garmin manufactures heavily in Taiwan and ships globally, so tariff and currency swings have a direct path to margins. Management explicitly flagged tariffs as a fluid risk in their 2026 outlook, kept guidance unchanged at 7.9 billion dollars revenue and 9.35 dollars pro forma EPS, but admitted the outlook could shift quickly either way. Geopolitics can erase a quarter's gains.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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