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Why Did Garmin Stock Surge This Week?

TheMotleyFool

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(NYSE: GRMN) reported record second-quarter results this week, and the stock took off. As of midday Friday, shares were up 22.4% for the week, according to data provided by S&P Global Market Intelligence.

Investors already expected a strong year, with the company guiding for 9% year-over-year revenue growth in 2026. Management boosted that guidance after Q2 results. That helps explain why the stock popped, but Garmin shares are still cheaper than they look.

Image source: The Motley Fool.

Source Fool.com