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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Research and development expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Shares of Garmin (GRMN) skyrocketed Wednesday, touching record highs, as the navigation and communication equipment maker easily beat profit and sales estimates and offered investors a positive outlook.

Garmin Stock Flies Higher After Company Beats Estimates, Boosts Outlook

Garmin Ltd. (NYSE:GRMN ) Q3 2024 Results Conference Call October 30, 2024 10:30 AM ET Company Participants Teri Seck - Manager, IR Cliff Pemble - President, CEO & Director Doug Boessen - CFO & Treasurer Conference Call Participants Ben Bollin - Cleveland Research Erik Woodring - Morgan Stanley Ivan Feinseth - Tigress Financial Partners Jordan Lyonnais - Bank of America Noah Zatzkin - KeyBanc Capital Markets George Wang - Barclays Operator Thank you for standing by, and welcome to the Garmin Limited Third Quarter 2024 Conference Call.

Garmin Ltd. (GRMN) Q3 2024 Earnings Call Transcript

Garmin surprised investors with a blowout quarter and increased guidance.

Why Garmin Stock Reached an All-Time High Today

While the top- and bottom-line numbers for Garmin (GRMN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Garmin (GRMN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Garmin Ltd (NYSE:GRMN) shares rallied over 20% on Wednesday after it hiked guidance on better-than-expected profit and revenue during the third quarter. Net sales climbed by 24% to $1.59 billion in the three months to September, Garmin reported, exceeding LSEG-compiled consensus estimates for $1.44 billion.

Garmin skyrockets as fitness, outdoor goods demand fuels guidance upgrade

Garmin (GRMN) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.41 per share a year ago.

Garmin (GRMN) Q3 Earnings and Revenues Beat Estimates

iShares Core S&P 500 ETF

SPDR Portfolio S&P 500 ETF

Direxion Daily S&P 500 Bull 3x Shares

SPDR S&P 500 ETF Trust

ProShares Ultra S&P 500

ProShares UltraPro S&P500

Vanguard S&P 500 ETF

The navigation device maker easily beats quarterly earnings and revenue estimates.

Garmin Is Today's Top S&P 500 Stock. Outlook Is Raised Ahead of ‘Important Holiday Selling Season.

Garmin raised its full-year profit and revenue forecasts on Wednesday, expecting a slew of launches of wearable products ahead of the holiday season to drive demand further, sending the company's shares up 9.5% in premarket trading.

Garmin raises full-year guidance, results beat amid unabated demand

Garmin, a maker of devices for outdoor recreation, fitness and navigation, beat third-quarter views. Garmin stock leapt, set to break out.

Garmin Smashes Third-Quarter Views, Guides Higher. The Stock Is Set To Break Out

Company reports record third quarter consolidated revenue and operating income, and raises full year guidance SCHAFFHAUSEN, Switzerland , Oct. 30, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the third quarter ended September 28, 2024.

Garmin announces third quarter 2024 results

Evaluate the expected performance of Garmin (GRMN) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Gear Up for Garmin (GRMN) Q3 Earnings: Wall Street Estimates for Key Metrics

In the most recent trading session, Garmin (GRMN) closed at $162.30, indicating a +0.23% shift from the previous trading day.

Why the Market Dipped But Garmin (GRMN) Gained Today

Garmin (GRMN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Garmin (GRMN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

The latest trading day saw Garmin (GRMN) settling at $167.58, representing a +0.64% change from its previous close.

Garmin (GRMN) Rises Higher Than Market: Key Facts

GRMN's growth prospects, supported by a strong and innovative product portfolio, make the stock attractive for investors.

Can Garmin's Expanding Aviation Portfolio Push the Stock Upward?

Carrier Global

Trimble

Electronics stocks like Carrier Global (CARR), Garmin (GRMN) and Trimble (TRMB) are expected to benefit from investments in infrastructure and expanded capacity despite macroeconomic headwinds.

3 Electronics Stocks to Buy From a Prospering Industry

G3000 PRIME is the most connected, customizable, automated and safety-enhancing Garmin flight deck yet OLATHE, Kan. , Oct. 16, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today introduced G3000® PRIME, its most advanced integrated flight deck yet.

Garmin unveils its new, industry-leading integrated flight deck: G3000 PRIME

Garmin (GRMN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Garmin (GRMN) a New Buy Stock

Sea Tow Foundation honors Garmin's outstanding commitment to boating safety through product innovation and promotion efforts OLATHE, Kan. , Oct. 15, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, is proud to announce it was awarded a 2024 National Boating Safety Award from the Sea Tow Foundation for the fourth straight year.

Garmin wins fourth National Boating Safety Award

In the most recent trading session, Garmin (GRMN) closed at $165.89, indicating a +0.11% shift from the previous trading day.

Garmin (GRMN) Advances But Underperforms Market: Key Facts

Garmin (GRMN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Garmin (GRMN) is Poised to Beat Earnings Estimates Again

Annual awards program by Soundings Trade Only recognizes companies shaping the future of the marine industry  OLATHE, Kan. , Oct. 8, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) is proud to announce it has been named the Most Innovative Marine Company for the second consecutive year by Soundings Trade Only, a leading trade publication for the recreational boating industry.

Garmin named Most Innovative Marine Company for second consecutive year

GRMN's expanding portfolio makes the stock worth investing. However, stretched valuation keeps investors on the sidelines.

Can Garmin's Launch of Lily 2 Smartwatch Push the Stock Higher?

Apple

Accenture Plc

Allegion

Applied Materials

Amphenol

Cintas Corp

D.R. Horton

Dick's Sporting Goods

Domino's Pizza

EOG Resources

Fastenal

FactSet Research Systems

Graco

W.W. Grainger

HCA Healthcare

Home Depot

Hershey

Jack Henry & Associates

KLA-Tencor

Lincoln Electric Hlds

Eli Lilly

Lam Research

Mastercard

MarketAxess Holdings

I track 50 high-quality dividend stocks, updating their valuations daily to identify Strong Buy, Buy, Hold, and Trim opportunities based on historical free cash flow trends. September's performance: Strong Buy portfolio gained 4.75%, Buy or better 3.18%, and Expected ROR 2.01%, all outperforming the investable universe and SCHD. My hypothesis is these model portfolios will deliver alpha over SPY and SCHD long term, focusing on attractively valued stocks and expected returns.

Top 50 High Quality Dividend Stocks - September 2024 Results

SCHAFFHAUSEN, Switzerland , Oct. 2, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its third quarter 2024 earnings conference call on Wednesday, October 30, 2024, at 10:30 a.m.

News for Garmin Stock (GRMN)