Markets
Garmin Stock Plunges 8%, Wiping Out $4.5 Billion, As Memory Costs Cloud 2027 Margins
Shares fell after a cash-flow drop and a 2027 margin warning overshadowed a raised 2026 sales outlook.
GRMN
Garmin (GRMN) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
Garmin's Inventory Hits About $2.3 Billion As Memory Prepayments Cut Cash Flow $132 Million
Garmin's CFO lowered full-year free cash flow guidance to about $1.1 billion while the company stocks up on components and prepays suppliers.
Earnings
Garmin Raises 2026 Outlook, But Memory Costs Will Pull Margins Back To 'Historical Range'
The CEO said it is too early for a full 2027 outlook, while third-quarter free cash flow fell $132 million on inventory.
SEC Filings
Garmin's Record 63.3% Gross Margin Includes A $33 Million Tariff Refund, And Memory Costs Are Coming
The maker of GPS watches and cockpit systems says chip shortages will hurt future margins, and refunds of tariffs flattered this quarter's.
SEC Filings
Garmin Raises 2026 Outlook To About $8.15 Billion In Sales After Record Quarter
Operating income climbed 34% to $612 million, while the auto OEM business fell 20% and posted a $12 million operating loss.