InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$284.79

2026-10-16

Market Cap

$54.9B

Volume

1.7M

52-Wk High

$314.28

52-Wk Low

$186.67

Trailing PE

29.2

P/S

7.16

Gross Margin

60.1%

Net Margin

24.5%

ROE

21%

ROIC

19%

Piotroski

7/9

Altman Z

16.4

1-Yr Return

+15.9%

5-Yr Return

+318.9%

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

SectorTechnologyIndustryHardware, Equipment & PartsExchangeNYSEMarket Cap$54.9BEmployees23,000 (SEC-filed)CEOClifton Albert PembleIPO2000-12-08CountryCH

MUehlentalstrasse 2, Schaffhausen, SH 8200 · Tel 41 52 630 1600 · garmin.com

INSIDERSTREET SCORE78 / 100Street mean $322.75 (4 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$16M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · GRMN +15.9% · S&P 500 +15.9% · spread +0.0pp

7 Years vs S&P 500 · GRMN +318.9% · S&P 500 +189.9% · spread +129.0pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE78of 100

Score Breakdown

Profitability	92/100
Growth	65/100
Momentum	83/100
Quality	88/100
Earnings Quality	78/100
Balance Sheet	98/100
Value	58/100
Risk (safety)	100/100
Overall	77.9/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
KEYS	77
COHR	43
CLS	66
FLEX	53
JBL	61
TDY	68
GRMN	78

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 80 in 24 Q1, latest 78 — -2 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY78 / 100IS Score 77.9 / 100 · -2.4 from peak of 80

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTURELEAN BULLISHTechnical Score 64 / 100 · Power +27 · 17 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 78 and price structure at 64 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 77.9	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 69 → 74 → 76 → 78	the direction matters more than the level
Technical vote share back above 50%	now 64%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,012 → now 1,006	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score2 of 4top 13% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)1216 up / 872 downnet +344 funds

Institutions Added (13F)-6managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,012 · latest 1,006 (-6 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,006	110.4M	$25.7B	57.2%
2026 Q1	1,012	108.2M	$24.5B	56.1%
2025 Q4	973	108.4M	$21.5B	56.2%
2025 Q3	958	105.7M	$25.7B	54.8%
2025 Q2	934	108.2M	$22.4B	56.1%
2025 Q1	952	107.9M	$23.2B	56.0%
2024 Q4	902	107.3M	$21.8B	55.6%
2024 Q3	807	107.8M	$18.7B	55.9%
2024 Q2	810	105.3M	$17.0B	54.6%
2024 Q1	753	106.5M	$15.7B	55.2%
2023 Q4	733	102.6M	$13.1B	53.2%
2023 Q3	654	102.4M	$10.7B	53.1%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	1,390	$0.41M	38,057
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	3,102	$0.92M	34,955
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	538	$0.16M	34,417
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	1,737	$0.52M	32,680
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	2,260	$0.68M	30,420
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	281	$0.08M	30,139
Wang Cheng-Wei	General Manager - Garmin Corp.	2026-08-18	SELL	633	$0.19M	29,506
Burrell Jonathan	director	2026-08-18	GIFT	45,600	—	1,956,700

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	35	60,928	$16.0M	Counted
F — Tax withholding	15	38,436	$9.7M	None — compensation
G — Gifts	25	4,669,466	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$16.0M35 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-18	Cheng-Wei Wang	9,941	$3.0M
2026-07-31	Joshua Maxfield	1,152	$0.3M
2026-07-31	Sean Biddlecombe	986	$0.3M
2026-07-29	Pemble Clifton A	4,029	$1.2M
Trailing 12 mo	19 filings	88,193	$22M

Filed	Form	Reporting person	% of class	Shares
2026-10-13	SCHEDULE 13G/A	KAO YU-FAN C	9.70%	18.7M sh
2026-07-10	SCHEDULE 13G/A	KAO YU-FAN C	9.70%	18.7M sh
2026-07-09	SCHEDULE 13G/A	BURRELL JONATHAN	4.85%	9.4M sh
2026-04-28	SCHEDULE 13G	Vanguard Capital Management	6.36%	12.2M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	BUY	$1,001 - $15,000	2026-01-13	2026-02-10
Kathy Manning	House	BUY	$1,001 - $15,000	2024-07-02	2024-08-16
Kathy Manning	House	BUY	$50,001 - $100,000	2024-07-02	2024-08-16
Tommy Tuberville	Senate	SELL	$1,001 - $15,000	2024-05-03	2024-06-14
Tommy Tuberville	Senate	SELL	$1,001 - $15,000	2024-05-03	2024-06-13
Thomas Hawley Tuberville	Senate	SELL	$1,001 - $15,000	2024-05-03	2024-06-13

House 12-Mo1 trades1 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,012

13F Shares108M56.1% of shares out

New / Closed137 / 84positions, QoQ

Increased / Reduced411 / 320positions, QoQ

Put/Call (13F)1.00option positions

Free Float85.3%164M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Wedge Capital Management L L P/Nc	111,109	$32M
Atwood & Palmer Inc	91,081	$26M
Barlow Wealth Partners, Llc	77,019	$22M
Argent Capital Management Llc	74,719	$21M
Ghp Investment Advisors, Inc.	57,836	$17M
Fjarde Ap-Fonden /Fourth Swedish N	55,609	$16M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$1.5B
VTI	0.1%	$1.5B
VSMPX	0.1%	$1.5B
VTSAX	0.1%	$1.5B
VOO	0.1%	$1.2B
VFIAX	0.1%	$1.2B

13F Filers Holding GRMN — quarterly

Institutional Put/Call — quarterly

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Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session61.5%2026-10-15

20-Day Avg66.4%50-day 55.8%

TrendRising20d vs 50d

By Market CenterQ: 62% · N: 55% · B: 26%latest session

Weekly Notional ($B)

Where GRMN Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	1.4M	33 sh
Ubsa Ubs Ats	1.1M	42 sh
Sgmt Sigma X2	0.8M	31 sh
Mstx Ms Trajectory Cross (Ats-1)	0.8M	24 sh
Ebxl Level Ats	0.7M	19 sh
Mlix Instinct X	0.7M	53 sh

Where a dollar of Garmin Ltd. revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
Americas	$3.5B	48%
EMEA	$2.7B	38%
Asia Pacific	$1.1B	14%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

GRMN (live moat model)Peer median: KEYS · COHR · CLS · FLEX · JBL

Component scores from the live moat model. Peer median illustrative.

Moat score 85/100 — Wide; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Clifton Albert Pemble	President, Chief Executive Officer & Director
Philip I. Straub	Executive Vice President & MD of Aviation - Garmin International, Inc
Douglas Gerard Boessen	Chief Financial Officer & Treasurer
Bradley Trenkle	Co-Chief Operating Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)4 of 6recent quarters

Avg Surprise+10.3%

Next Report2026-10-28

Income Quality1.02OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+19.0%	-2.5%	+7.6%	+20.4%	+15.1%
Gross profit	+16.5%	-2.9%	+7.1%	+23.0%	+15.1%
Operating income	+15.6%	-15.7%	+6.3%	+45.9%	+17.7%
Net income	+9.1%	-10.0%	+32.5%	+9.4%	+17.9%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	5.0	4.9	5.2	6.3	7.2
Cost of revenue	2.1	2.1	2.2	2.6	3.0
Gross profit	2.9	2.8	3.0	3.7	4.3
R&D expense	0.8	0.8	0.9	1.0	1.1
SG&A expense	0.8	0.9	1.0	1.1	1.3
Operating income	1.2	1.0	1.1	1.6	1.9
EBITDA	1.4	1.2	1.3	1.8	2.1
D&A	0.2	0.2	0.2	0.2	0.2
Pretax income	1.2	1.1	1.2	1.7	2.0
Income tax	0.1	0.1	-0.1	0.3	0.4
Net income	1.1	1.0	1.3	1.4	1.7
Diluted EPS ($)	5.61	5.04	6.71	7.30	8.59
Diluted shares (M)	193	193	192	193	194

Operating CF$2B

CapEx$0B

Free cash flow$1B

SBC$0B

Buybacks$0B

Net cash change$0B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	1.3	1.7	2.1	2.3
ST investments	0.2	0.3	0.4	0.5
Receivables (net)	0.7	0.8	1.0	1.3
Total current assets	4.0	4.5	5.3	6.2
PP&E (net)	1.3	1.4	1.4	1.6
Goodwill + intangibles	0.7	0.8	0.8	1.0
Total assets	7.7	8.6	9.6	11.0
Accounts payable	0.2	0.3	0.4	0.3
Short-term debt	0.0	0.0	0.0	0.0
Deferred revenue	0.1	0.1	0.1	0.1
Total current liabilities	1.2	1.3	1.5	1.7
Long-term debt	0.0	0.0	0.0	0.2
Total liabilities	1.5	1.6	1.8	2.0
Shareholders' equity	6.2	7.0	7.8	9.0

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	1.0	1.3	1.4	1.7
D&A	0.2	0.2	0.2	0.2
Stock-based compensation	0.1	0.1	0.1	0.0
Working capital change	(0.3)	0.2	(0.2)	(0.4)
Operating cash flow	0.8	1.4	1.4	1.6
Capital expenditures	(0.2)	(0.2)	(0.2)	(0.3)
Investing cash flow	(0.1)	(0.3)	(0.4)	(0.6)
Buybacks	(0.2)	(0.1)	(0.1)	(0.2)
Dividends paid	(0.7)	(0.6)	(0.6)	(0.7)
Debt issuance / (repay)	0.0	0.0	0.0	0.0
Financing cash flow	(0.8)	(0.6)	(0.6)	(0.8)
Free cash flow	0.5	1.2	1.2	1.4

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	18.6%	15.8%	19.5%	19.0%	19.8%	21%
ROA	14.5%	12.5%	15.8%	15.5%	16.1%	16.4%
ROIC	25.2%	19.3%	22.8%	24.2%	24.2%	18.8%
Gross margin	58.0%	57.7%	57.5%	58.7%	58.7%	60.1%
Operating margin	24.5%	21.1%	20.9%	25.3%	25.9%	27.6%
Net margin	21.7%	20.0%	24.7%	22.4%	23.0%	24.5%
EBITDA margin	27.6%	24.5%	24.3%	28.2%	28.5%	32.1%
FCF margin	14.1%	11.2%	22.6%	19.7%	18.8%	—
VALUATION
P/E	22.23	17.14	18.56	27.86	23.93	29.2
P/B	3.93	2.69	3.41	5.01	4.44	6.1
P/S	4.83	3.43	4.58	6.25	5.50	7.16
P/FCF	34.23	30.79	20.27	31.74	29.22	35.8
EV/EBITDA	16.22	12.88	17.39	20.84	17.41	21.4
EV/Revenue	4.47	3.16	4.22	5.87	5.14	6.9
Earnings yield	4.5%	5.8%	5.4%	3.6%	4.2%	3.42%
FCF yield	2.9%	3.2%	4.9%	3.2%	3.4%	2.79%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	2.94	3.26	3.41	3.54	3.63	3.03
Quick ratio	2.10	2.01	2.38	2.56	2.60	2.08
Debt / equity	0.01	0.02	0.02	0.02	0.02	0.02
Debt / assets	0.9%	1.5%	1.3%	1.4%	1.5%	1.6%
Net debt / EBITDA	-1.29	-1.12	-1.46	-1.33	-1.20	-0.88
Interest coverage	—	—	—	—	—	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.67	0.62	0.64	0.69	0.70	0.67
Receivables turnover	5.89	6.48	7.10	7.00	6.48	6.7
DSO (days)	62	56	51	52	56	55
DPO (days)	55	52	38	43	43	48
Cash conversion cycle	181	248	248	207	211	241
GROWTH (YoY)
Revenue growth	19.0%	-2.5%	7.6%	20.4%	15.1%	—
Net income growth	9.1%	-10.0%	32.5%	9.4%	17.9%	—
EPS growth	8.5%	-9.5%	32.2%	8.8%	17.9%	—
FCF growth	-25.8%	-22.9%	117.9%	4.9%	10.0%	—
PER SHARE ($)
EPS (diluted, TTM)	5.60	5.07	6.70	7.28	8.59	9.74
Book value / share	31.63	32.30	36.42	40.51	46.30	46.82
Revenue / share	25.78	25.30	27.15	32.50	37.39	39.78
FCF / share	3.64	2.82	6.13	6.39	7.03	7.96
Cash / share	9.55	7.56	10.22	12.91	14.13	13.83
SHAREHOLDER RETURN & SCORES
Buyback yield	0.1%	1.3%	0.5%	0.3%	0.6%	0.25%
Altman Z-Score	10.64	8.91	11.35	15.79	14.45	16.4
Piotroski F-Score	5	5	8	7	5	7/9
Beneish M-Score	-2.43	-2.62	-2.29	-2.28	-2.21	-2.35

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	16.4	Safe (>2.99)	Safe
Income quality	1.02	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.35	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.83
Interest burden	1.00
Operating margin	29.6%
Asset turnover	0.71×
Financial leverage	1.27×
= ROE	22%

Growth Quality (live)	Value
Revenue stability	0.83
Earnings stability	0.73
Earnings persistence	0.92
Revenue CAGR 3y	16.0%
EPS CAGR 3y	23.2%
FCF CAGR 3y	21.0%

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Buyback Yield0.25%

Dividend Yield1.37%

Total Shareholder Return1.79%cash yield

SBC / Revenue2.2%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
KEYS	$56.4B	45.6	21%	21.5%	+25.5%	8/9	+103.9%
COHR	$45.9B	53.5	8%	11.8%	+22.5%	7/9	+100.8%
CLS	$38.3B	31.3	53%	7.8%	+47.5%	6/9	+8.6%
FLEX	$33.4B	34.9	18%	3.6%	+12.2%	6/9	+42.8%
JBL	$29.2B	28.2	67%	3.7%	+20.6%	6/9	—
TDY	$28.7B	29.8	9%	15.1%	+7.9%	9/9	—
GLW	$113.8B	59.8	16%	12.4%	+19.4%	8/9	—
FTV	$17.5B	33.6	7%	14.3%	-29.8%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

28 Analysts

Str Sell (0)Sell (2)Hold (20)Buy (5)Str Buy (1)

Mean Target (qtr)$322.754 targets

Target vs. Price+13.3%last-quarter mean

Next Report2026-10-28street $2.41

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$8.10B	$8.22B / $8.06B	$10.19	$10.36 / $10.11	4
FY2026	$7.66B	$7.89B / $7.47B	$8.79	$9.27 / $8.37	5
FY2027	$9.10B	$9.75B / $8.82B	$11.28	$12.21 / $10.88	5

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$335.00	+17.6%	1
Last Quarter	$322.75	+13.3%	4
Last Year	$280.77	-1.4%	13
All Time	$231.40	-18.7%	25

Rolling mean of published targets vs. last close $284.79. Aggregated from StreetInsider, Benzinga, Investing.

Third-Party Composite Rating

A-

DCF

3/5

ROE

4/5

ROA

5/5

Debt/Eq

4/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

GRMN +15.9% vs S&P 500 +15.9% — spread +0.0pp

Sector — XLK +29.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$282.35	+2.44	+0.86%	Above
SMA 50	$286.25	-1.46	-0.51%	Below
SMA 200	$249.82	+34.97	+14.00%	Above
EMA 9	$279.48	+5.31	+1.90%	Above
EMA 21	$280.27	+4.52	+1.61%	Above
EMA 50	$278.94	+5.85	+2.10%	Above
EMA 200	$255.56	+29.23	+11.44%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTLEAN BULLISHPower Score +2717 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%67

Momentum 25%90

Volume 20%50

Volatility 10%33

Patterns 15%50

This Week64% bullishof 11 price-based votes

4 Weeks Ago18%+46 pts since

12 Weeks Ago45%+19 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$282.35

Price vs SMA 50$286.25

Price vs SMA 200$249.82

EMA 9/21 Cross279.5/280.3

SMA 50/200Golden

ADX DirectionADX 16

Supertrend$291

Parabolic SAR$263

SMA Slope0.530

RSI54.4

Stochastic K/D62/50

StochRSI K/D71/53

Williams %R-33

CCI49

TSI vs Signal-4.2

CMO8.8

ROC1.27%

OBV SignalDistrib

Chaikin MF0.080

MFI43

Force Index1M

Elder Ray Bull12.54

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 50

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$285.67 / $290.32 / $295.42	S1 / S2	$280.57 / $275.92
Bollinger (20,2)	$266.20 – $298.50	Squeeze	Off
52-wk range	$185.87 – $314.28	Off 52-wk high	-9.4%
ATR (14)	$8.00 (2.8%)	Historical vol	27.1%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

-2.6%Jan35%

+4.1%Feb55%

+1.9%Mar62%

+0.6%Apr60%

+0.7%May65%

+1.1%Jun65%

+1.6%Jul55%

+2.3%Aug65%

+2.2%Sep50%

+0.2%Oct65%

+1.9%Nov75%

+1.7%Dec55%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	GRMN	S&P 500
Weekly volatility (σ, 1y)	5.68%	1.83%
Best / worst week (1y)	+22.6% / -14.1%	—
Max drawdown (5y, monthly)	-50.0%	—
1-week VaR (95%)	-6.2%	—
Beta (5y)	0.87	1.00

GRMN EQUITY WEATHER (LIVE)RAINY · -22

Trend-22

Momentum+14

Volume-41

Volatility-60

Breadth-17

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 230 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-21.9+2.5 vs industry

Trend-22.1+0.9 vs industry

Momentum+14.4+52.2 vs industry

Volume-40.6-42.1 vs industry

Reading	GRMN	Hardware, Equipment & Parts n=1,098	Technology n=6,969	All US symbols n=70,435
Overall	-21.9	-24.4	-20.7	-20.5
Trend	-22.1	-23.0	-20.8	-21.3
Momentum	+14.4	-37.8	-28.5	-15.8
Volume	-40.6	+1.5	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Clifton A. Pemble President & Chief Executi	$7.7M	81% equity+incentive
Patrick G. Desbois co-Chief Operating Offic	$3.1M	70% equity+incentive
Philip I. Straub Executive Vice President,	$2.7M	67% equity+incentive
Douglas G. Boessen Chief Financial Officer	$2.5M	67% equity+incentive
Bradley C. Trenkle co-Chief Operating Offic	$2.4M	73% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	65
Social	60
Governance	58
Composite ESG	61

Composite ESG Trend

Filed	8-K contents	Items
2026-07-29	Earnings Release; Exhibits	2.02,9.01
2026-06-08	Shareholder Vote; Other Events	5.07,8.01
2026-04-29	Earnings Release; Exhibits	2.02,9.01
2026-02-18	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2025-10-29	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2025-07-30	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2025-06-12	Submission of Matters to a Vote of Security Holders; Other Events; Fin	5.07,8.01,9.01
2025-04-30	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-28 to 2026-07-29
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-27 to 2027-12-27
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	67 rows · 2009 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-08-18
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-04-28 to 2026-10-13
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Garmin Ltd. (GRMN)

Institutions holding — 12 quarters

Garmin Ltd. (GRMN)

Monthly Net Insider Flow (000 shares)

Signal Summary

Garmin Ltd. (GRMN)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding GRMN — quarterly

Institutional Put/Call — quarterly

Garmin Ltd. (GRMN)

Where GRMN Trades in the Dark

Garmin Ltd. (GRMN)

3.8 · Employees (SEC filings)

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Balance Sheet — Full

Cash Flow Statement — Full

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Street Price Target — Trajectory

Third-Party Composite Rating

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Family Scores (site weights)

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN)