Garmin (GRMN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Equity Research | February 18, 2026, 9:30 AM

Garmin (GRMN) reported $2.12 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 16.6%. EPS of $2.79 for the same period compares to $2.41 a year ago.

The reported revenue represents a surprise of +5.58% over the Zacks Consensus Estimate of $2.01 billion. With the consensus EPS estimate being $2.39, the EPS surprise was +16.58%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Garmin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Net Sales- Marine: $296.91 million versus $297.28 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.2% change.
  • Net Sales- Aviation: $274.24 million compared to the $254.95 million average estimate based on three analysts. The reported number represents a change of +15.8% year over year.
  • Net Sales- Fitness: $765.84 million compared to the $702.38 million average estimate based on three analysts. The reported number represents a change of +42% year over year.
  • Net Sales- Outdoor: $627.61 million versus the three-analyst average estimate of $601.92 million. The reported number represents a year-over-year change of -0.3%.
  • Net Sales- Auto OEM: $160.36 million compared to the $156.13 million average estimate based on three analysts. The reported number represents a change of -3.3% year over year.
  • Operating income (loss)- Outdoor: $233.95 million compared to the $218.16 million average estimate based on three analysts.
  • Operating income (loss)- Fitness: $256.94 million versus the three-analyst average estimate of $199.75 million.
  • Operating income (loss)- Marine: $52.07 million versus $60.74 million estimated by three analysts on average.
  • Operating income (loss)- Auto OEM: $-13.52 million versus the three-analyst average estimate of $-13.04 million.
  • Gross profit- Fitness: $454.92 million compared to the $398.13 million average estimate based on three analysts.
  • Gross profit- Marine: $153.4 million versus the three-analyst average estimate of $166.84 million.
  • Gross profit- Aviation: $207.43 million compared to the $190.64 million average estimate based on three analysts.

View all Key Company Metrics for Garmin here>>>

Shares of Garmin have returned +8.1% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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