Garmin stock falls as Q1 revenue narrowly misses despite EPS beat
GRMN•Garmin shares slid after its April 29, 2026 Q1 report showed revenue of $1.753B that narrowly missed consensus estimates despite a pro forma EPS beat of $2.08. Investors also focused on segment mixed results, including Outdoor revenue down 5% year over year, and continued caution around the Auto OEM outlook.
1. What’s moving the stock today
Garmin (GRMN) is trading lower as the market digests its first-quarter 2026 earnings released April 29, 2026. While profitability came in strong, the headline that traders are keying on is a slight top-line miss: the company reported revenue of about $1.753 billion, which was just below consensus estimates tracked by market data services, undercutting the “beat-and-raise” setup needed to support a premium valuation after a strong run earlier this year. (quiverquant.com)
