Garmin vs ASE Technology

Garmin Ltd. and ASE Industrial Holding Co. Ltd are presented on this page to compare business models, financial performance, and market context. The aim is to provide neutral, accessible information on strategy, operations, and industry position, helping readers understand each company without endorsement or advice. Educational content, not financial advice.

Garmin Ltd. and ASE Industrial Holding Co. Ltd are presented on this page to compare business models, financial performance, and market context. The aim is to provide neutral, accessible information o...

Comparison Snapshot

Key Financial Metrics

GRMN

Metric

ASX

$39.80B

Market Cap

$44.26B

9.01%

Potential Profit

-9.59%

Hold

Analyst Rating

Buy

Why It's Moving

Barclays upgrades Garmin to Equal-Weight, spotlighting growth potential amid fresh product launches.

Barclays' upgrade reflects optimism about Garmin's innovation pipeline, with analyst forecasts pointing to 6.65% upside from recent levels.
Quatix 8 Pro smartwatch, unveiled earlier this month at $1,299.99, blends titanium build, satellite connectivity, and 15-day battery life to capture serious boating demand.
Stock bucked market dips with a 1.14% gain to $213.91 recently, ahead of earnings expected to show revenue growth despite flat full-year projections.

Sentiment:

🐃Bullish

ASE Technology surges on strong analyst forecasts and sector tailwinds amid AI boom.

Stock jumped 26.97% over the past month, trading at $19.86 with a P/E ratio of 38.55—below the industry's 111.38 average, suggesting relative value.
Analysts forecast 29.3% annual earnings growth and 12.3% revenue expansion, beating US market averages and signaling high future ROE of 22.9%.
UBS upgraded to Hold rating on January 19, as institutional investors like Moran Wealth pile in, riding semiconductor services momentum.

Sentiment:

🐃Bullish

Barclays upgrades Garmin to Equal-Weight, spotlighting growth potential amid fresh product launches.

Barclays' upgrade reflects optimism about Garmin's innovation pipeline, with analyst forecasts pointing to 6.65% upside from recent levels.
Quatix 8 Pro smartwatch, unveiled earlier this month at $1,299.99, blends titanium build, satellite connectivity, and 15-day battery life to capture serious boating demand.
Stock bucked market dips with a 1.14% gain to $213.91 recently, ahead of earnings expected to show revenue growth despite flat full-year projections.

Sentiment:

🐃Bullish

ASE Technology surges on strong analyst forecasts and sector tailwinds amid AI boom.

Stock jumped 26.97% over the past month, trading at $19.86 with a P/E ratio of 38.55—below the industry's 111.38 average, suggesting relative value.
Analysts forecast 29.3% annual earnings growth and 12.3% revenue expansion, beating US market averages and signaling high future ROE of 22.9%.
UBS upgraded to Hold rating on January 19, as institutional investors like Moran Wealth pile in, riding semiconductor services momentum.

Sentiment:

🐃Bullish

Investment Analysis

Garmin

GRMN

Pros

Garmin delivered record third-quarter 2025 revenue nearing $1.8 billion with strong growth in fitness, marine, and aviation segments.
The company raised its full-year 2025 earnings guidance following robust quarterly results.
Garmin has generated strong long-term shareholder returns with a three-year total return of 163%.

Considerations

Despite earnings beating estimates, Garmin narrowly missed revenue expectations in Q3 2025, prompting a 6.5% stock price decline.
Recent stock price showed a high volatility with bearish sentiment and is currently trading below its 50- and 200-day moving averages.
The stock trades at a premium valuation with a price-to-earnings ratio around 25, which may limit upside in weak demand scenarios.

ASE Technology

ASX

Pros

ASE Technology is a leading semiconductor assembly and testing company with diversified revenue streams across packaging, testing, and EMS segments.
The company has a strong market presence, earning over half of its sales from key clients in the United States.
Its financials indicate reasonable liquidity and interest coverage with a current ratio near 1.04 and interest coverage ratio above 7.

Considerations

ASE's quick ratio of 0.76 indicates modest short-term liquidity which could be a risk if industry conditions deteriorate suddenly.
The semiconductor industry exposure subjects ASE to cyclicality and end-market volatility caused by global demand fluctuations.
High employee headcount and operational complexity increase execution risks, especially amid ongoing supply chain challenges.

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