Revenue segments as reported by the company.

Fitness

Outdoor

Aviation

Marine

Auto

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Advertising expense

Selling, general and administrative expense

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Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Garmin

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following segments: Marine, Outdoor, Fitness, Auto OEM, Consumer Auto, and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile, and Connect IQ. The Fitness segment refers to the products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Meters, Safety & Awareness, and Activity Tracking Devices. The Auto OEM and Consumer Auto segments offer products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions, and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Garmin reports mixed 2022 results, eyes growth through innovation

Garmin faced challenges in 2022 due to currency impact and macroeconomic concerns, leading to a decrease in revenue.
Despite challenges, the company showed strengths in certain segments like Outdoor, Aviation, and Auto OEM with positive growth expectations.
Opportunities lie in new product introductions, focusing on specific segments for growth, and strategic partnerships for future revenue streams.
Overall, Garmin aims for revenue growth in 2023, with a focus on innovation and expanding its market presence.

Garmin reports mixed Q1 results with strong segment growth

Garmin's Q1 2023 performance showcased revenue declines in some segments but strong growth in fitness, aviation, and marine, underlining its diversified portfolio.
The company faces challenges in cost management, operational efficiency, and navigating regional issues in Europe, requiring strategic adjustments for sustained success.
Despite challenges, Garmin's strengths in product innovation, market leadership, and financial stability position it well to capitalize on growth opportunities and drive future profitability.
Overall, Garmin's Q1 results reflect a mix of performance, challenges, and opportunities, signaling a need for strategic focus and operational excellence to drive sustained growth and profitability.

Garmin reports strong Q2 earnings, eyes growth in Aviation and Auto OEM

Garmin delivered a solid performance in Q2 2023 with revenue growth, strong margins, and positive EPS growth.
While facing challenges in certain segments, the company's diversified portfolio and low tax rate are key strengths.
Opportunities lie in segments like Aviation and Auto OEM, supported by healthy cash reserves and free cash flow.
Garmin's updated full-year guidance reflects confidence in its ability to navigate challenges and capitalize on growth opportunities.

Garmin reports robust Q3 earnings, eyes growth amid segment diversity

Garmin's Q3 2023 earnings call reflects strong financial performance across key segments, underpinned by revenue growth and profitability.
While facing challenges in the Marine segment, Garmin's diversified product portfolio and strategic partnerships position it well for future growth.
The company's updated guidance, solid cash position, and growth opportunities signal a positive trajectory for Garmin in the coming quarters.

Garmin posts record revenue in 2023, eyes growth opportunities

Garmin's strong financial performance in Q4 2023 and full-year 2023 underscores its resilience and growth potential across key segments.
While facing challenges in certain segments and tax rate increases, Garmin's strategic initiatives and product launches position it well for future growth.
Investors can look forward to increased dividends, share repurchases, and segment-specific growth opportunities in 2024, supported by solid cash reserves.

Garmin excels in Q1 2024 with robust revenue growth and product launches

Garmin's Q1 2024 earnings call highlighted exceptional financial results, strong revenue growth, and successful product launches across all segments. While facing challenges with increased operating expenses and tax rates, the company remains well-positioned with a solid cash position and strong free cash flow generation. Opportunities lie in leveraging new products for continued growth and innovation.

Garmin excels in Q2 2024, eyes AI and segment growth

Garmin's Q2 2024 performance reflects solid revenue growth and operational efficiency, supported by a diverse product portfolio and global recognition as a top employer. While facing challenges in certain segments, the company's strengths in innovation and market leadership position it well for future growth. Leveraging AI and strategic capital allocation will be key to seizing opportunities and sustaining momentum.

Garmin reports stellar Q3 results, acquires Lumishore for marine expansion

Garmin's Q3 2024 earnings call showcased robust financial results, driven by revenue growth, margin expansion, and increased profitability.
The company's strategic acquisition and segment-wise revenue increases highlight its resilience and potential for sustained success.
While facing challenges in certain segments, Garmin's strong performance underscores its ability to capitalize on opportunities and navigate market dynamics effectively.

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OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the Signature Series 3i marine speakers from Fusion® Entertainment, a Garmin brand. Delivering new grille color options, seamless plug-and-play installation and added protection against the marine environment – alongside Fusion's flagship onboard entertainment experience – the Signature Series 3i features new wat

Garmin expands and improves premium Fusion audio lineup with new Signature Series 3i speakers

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, is excited to announce that it is working with Sea Tow Services, International, Inc. to provide members and franchise operators exclusive offers and product training aimed at improving boater safety. Sea Tow franchisees will receive access to special offers on a variety of Garmin marine electronics, including its flagship GPSMA

Garmin and Sea Tow join forces to improve boating safety

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced a global call for entries for its 2022 Garmin Health Awards, celebrating the world's most innovative solutions that successfully leverage the power of Garmin wearable technology into health or wellness programs. Winners in three categories will be announced at the Garmin Health Summit on Sept. 29-30 in Rome and will receive 50 Garmin wearables valued at an estimated $10,00

Global call for entries announced for 2022 Garmin Health Awards

Garmin (GRMN) makes the Auto Guidance+ technology available in the Navionics Boating smart-device app to provide enhanced experience to boaters, anglers, sailors and drivers.

Garmin (GRMN) Boosts Marine Segment Via Auto Guidance+ Solution

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today celebrated the delivery of over 25,000 integrated flight decks, including forward-fit and retrofit solutions for general and business aviation, rotorcraft, military and government, and regional aircraft markets. Garmin avionics have revolutionized the aviation industry for nearly two decades, ushering in the era of fully integrated flight decks for light aircraft while also expanding the capabi

Garmin celebrates a milestone of more than 25,000 integrated flight deck deliveries

Garmin (GRMN) introduces the dezl OTR series of trucking navigators to provide an enhanced driving experience to truck drivers.

Garmin (GRMN) Expands Automotive Solutions With dezl OTR Series

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced that it has secured another victory in Philips North America LLC and Koninklijke Philips NV's global patent lawsuit campaign. On June 8, 2022, Judge André Birotte Jr. of the U.S. District Court for the Central District of California summarily dismissed a Philips lawsuit against Garmin on the basis that one of Philips' remaining asserted patents was invalid and the other did not cover G

Garmin again prevails in Philips patent campaign

Garmin Ltd. GRMN, -2.46% said Friday that is shareholders have approved an annual dividend of $2.92 a share, up 9% from the previous dividend of $2.68 a share.

Garmin raises dividend to boost yield to nearly 3%

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--At Garmin Ltd.'s annual shareholders' meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $2.92 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative to the USD), payable in four equal installments. The Board has determined that the June installment of the dividend will be paid as indicated below and currently anticipates

Garmin shareholders approve quarterly dividend through March 2023

Garmin (GRMN) introduces the Edge 1040 Solar, featuring solar charging capability and multi-band GNSS technology, to provide an enhanced riding experience to cyclists.

Garmin's (GRMN) Latest Launch to Aid Fitness Segment Growth

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the dēzlTM OTR610/710/810/1010 trucking navigators, designed to help simplify the over-the-road lifestyle for professional truck drivers. The reimagined series introduces a refined feature set that includes arrival planning with automatic Birdseye Satellite Imagery to see high-resolution aerial views during truck entrances, security gates and loading dock destinations. The new navigato

See the road like never before with the new dēzl OTR trucking navigator series from Garmin

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the rugged BC™ 50 and BC 50 with Night Vision wireless backup cameras that help drivers clearly see the environment behind their vehicles and reverse with confidence. The BC 50 with Night Vision offers Garmin's proprietary NightGlo™ technology that can illuminate up to 20-feet behind a vehicle for optimal visibility at night or in dark settings. Compatible with a variety of Garmin GPS

Reverse with confidence using the Garmin BC 50 Series of wireless backup cameras

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the new dēzl™ Headset 100/200 Series – premium over-the-road trucking headsets engineered for audio excellence in noisy cab environments. Whether on-duty or at a rest stop, drivers can benefit from these wireless headsets which provide crystal clear audio and active noise cancelation (ANC) technology – fused in the adjustable boom mic and ear cups – to enhance phone calls and streaming

Purpose-built for professional truck drivers, Garmin's new dēzl Headsets offer high-quality audio and up to 50 hours of continuous talk time

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Garmin surged during the pandemic, but has fallen more than 40% from 2021 highs. Earnings for 2022 are expected to be slightly higher than in 2021.

The Market Is Struggling With How To Value Garmin

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the Edge® 1040 Solar, the ultimate GPS bike computer featuring solar charging and multi-band GNSS technology. Harnessing the power of the sun, the Edge 1040 Solar features a Power Glass™ solar charging lens, giving cyclists even more ride time between charges – up to 100 hours in battery saver mode – while multi-band GNSS technology provides more accurate GPS positioning in challengin

Garmin introduces the Edge 1040 Solar, the ultimate GPS bike computer featuring breakthrough solar charging and multi-band GNSS technology

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Garmin (GRMN) expands the fitness suite with the new Forerunner 955 Solar smartwatch, featuring solar charging, longer battery life, multi-satellite system tracking, and health and wellness tracking.

Garmin (GRMN) Boosts Fitness Segment With Forerunner 955 Solar

Garmin just brought solar power to its Forerunner line, a cult-favorite among runners. Along with some other devices, the company took the wraps off its new Forerunner 995 Solar today.

Garmin pops solar power onto its fancy Forerunner running watch

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the Forerunner® 255 series of GPS running smartwatches that include full triathlon support, new training metrics, enhanced smartwatch features (when paired with a smartphone) and more. Light on the wrist but not on features, the Forerunner 255S and Forerunner 255S Music are available in 41 mm sized cases while the Forerunner 255 and Forerunner 255 Music are available in 46 mm cases, m

Garmin celebrates Global Running Day with the introduction of the Forerunner 255 series

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the Forerunner® 955 Solar, its first dedicated running smartwatch with solar charging. Featuring a Power Glass™ solar charging lens, the Forerunner 955 Solar gives athletes up to 20 days of battery life in smartwatch mode1 and up to 49 hours in GPS mode2. Built for the long run, the Forerunner 955 Solar features an always-on, full-color display that is easy to read – even in direct su

Harness the power of the sun with the Forerunner 955 Solar from Garmin

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the GHC™ 50, a bright 5-inch touchscreen autopilot display designed for easier control and readability of its award-winning GHP Reactor™ autopilots. With a premium industrial design and edge-to-edge glass display, the GHC 50 seamlessly integrates with Garmin multifunction displays (MFDs) to create a sleek and st

Garmin bolsters award-winning Reactor marine autopilot series with new GHC 50 premium display

Garmin (GRMN) reported earnings 30 days ago. What's next for the stock?

Why Is Garmin (GRMN) Down 7.4% Since Last Earnings Report?

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News for Garmin Stock (GRMN)