Schaffhausen, Switzerland-based Garmin Ltd. (GRMN) designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. The company has a market cap of $46.2 billion and offers running and cycling products, smartwatch devices, scales and monitors, sports timing and performance analysis, and more.
GRMN shares have lagged behind the broader market over the past year and surged 19.5% compared to the S&P 500 Index ($SPX) 27.4% surge. However, in 2026, the stock has grown nearly 18.2%, outperforming the SPX’s 8.8% rise.