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 $56.5 billion and offers running and cycling products, smartwatch devices, scales and monitors, sports timing and performance analysis, and more. 

GRMN stock has rallied the broader market over the past year, surging 27.4% compared to the S&P 500 Index’s ($SPX) 19.5% surge. Moreover, in 2026, the stock has grown by nearly 44.5%, outperforming the SPX’s 11.6% rise.                 

Focusing on its industry…