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Schaffhausen, Switzerland-based Garmin Ltd. (GRMN) designs, develops, manufactures, markets, and distributes a range of wireless devices. Valued at $41.3 billion by market cap, the company designs, develops, manufactures, and markets hand-held, portable, and fixed mount GPS-enabled products serving automotive, aviation, marine, outdoor, and fitness markets.
Shares of this leading provider of navigation and communication devices have underperformed the broader market over the past year. GRMN has gained 2.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 11.8%. However, in 2026, GRMN stock is up 5.9%, surpassing SPX’s marginal fall on a YTD basis.