Garmin Ties Samsung for Second in Smartwatches as Share Jumps to 15%
GRMN sits 63% above its 52-week low of $186.67.
Summary
Garmin's smartwatch market share jumped to 15% in Q2 2026 from 11% a year earlier, tying Samsung for second place globally behind Apple. The gain came as overall wearable shipments fell 2%, but smartwatch shipments rose 6%, with demand shifting toward advanced sports watches and screenless fitness trackers. This follows Garmin's record Q2 results and raised guidance reported on July 29, reinforcing the company's momentum in premium wearables. The data from Omdia highlights Garmin's competitive position strengthening while Apple and Samsung lost share.
At the time of this announcement, GRMN was trading at $304.85 on NYSE in the Technology sector, with a market capitalization of approximately $59.3B. The 52-week trading range was $186.67 to $314.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.