Garmin Drops 4.6% to $271.86 as Q3 Results Hit EDGAR
As seen on the 24/7 Wall St. homepage on October 28, 2026.
A 4.6% slide to $271.86 on the day Garmin's Q3 results hit EDGAR takes roughly $2 billion off a $52.4 billion company. Moves this size are uncommon for a name that usually trades quietly, so keep an eye on where it settles.
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Garmin opened the session at $285 and held near that level early before sellers took control and drove the stock to $271.86.
The timing matters because the move coincided with Garmin's third-quarter results being filed on EDGAR, placing fresh financial data in front of investors at the same moment the stock was under pressure. A single-session drop of this size stripped roughly $2 billion from a company valued at approximately $52.4 billion.
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Moves of this magnitude are uncommon for Garmin, which typically trades with considerably less daily volatility than many technology peers. A 4.6% single-day slide in a name known for quiet sessions signals that investors are reassessing expectations.
The stock found a tentative floor in the low $270s late in the session, but the day was not complete at the time of this update. Where Garmin settles by the close will be the key level to watch as traders determine whether the selling has run its course.
Sources
Mentioned: GRMN