# If Garmin moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/garmin · Facet: ripple · Updated: 2026-07-12T04:40:35.11+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Garmin is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 5 companies within two hops; the links are backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).

Garmin operates across Precision GPS devices, diversified niches (fitness, aviation, auto). It is +37.7% in 2026. The supply side (avg +174.2%) has moved harder than the stock (+37.7%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Iridium Communications (+174.2%) and the furthest behind is Textron (-9.3%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. That diversification — distanced from AI-cycle and single-customer risk — meshing with new growth legs like satellite comms (inReach) and tier-1 auto (BMW) is this node's clock.

## Demand chain (leading)
- T1 Textron (https://valuechain.wiki/textron.md)
- T2 FedEx (https://valuechain.wiki/fedex.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 W. W. Grainger (https://valuechain.wiki/w-w-grainger.md)
- T3 AutoZone (https://valuechain.wiki/autozone.md)

## Supply chain (benefiting)
- T1 Iridium Communications (https://valuechain.wiki/iridium.md)
- T2 SpaceX (https://valuechain.wiki/spacex.md)
- T3 STMicroelectronics (https://valuechain.wiki/stmicroelectronics.md)
- T3 EchoStar Corporation (https://valuechain.wiki/echostar.md)
- T2 Thales (https://valuechain.wiki/thales.md)
- T3 Airbus (https://valuechain.wiki/airbus.md)
- T3 Leonardo S.p.A. (https://valuechain.wiki/leonardo.md)

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Full node: https://valuechain.wiki/garmin.md · JSON: https://valuechain.wiki/garmin.json