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.

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Cost of revenue

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SG&A

Other

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EBITDA

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Net PPE

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Cash from investing

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Purchase/sale of business

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Cash from financing

Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The company just raised its full-year 2021 guidance for the second quarter in a row, but the market sent shares down anyway.

Is Garmin's Sell-Off After a "Beat and Raise" Quarter an Opportunity?

The tech giant just lifted its outlook again.

Time to Buy Garmin After Its Strong Q3 Report?

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced it has signed a two-year deal to become the title sponsor of the Garmin RunningLane Cross Country Championships, beginning with this year's event in Huntsville, Alabama, on December 4, 2021. The Garmin RunningLane Cross Country Championships is a premier running event that brings more than 1,500 high school athletes from across the United States together postseason to compete for in

Garmin signs multiyear deal to sponsor RunningLane Cross Country Championships

Earnings growth is slowing as costs soar.

Why Garmin Stock Is Falling 12% So Far This Week

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced winners of its 2021 Garmin Health Awards at the Garmin Health Summit in Lisbon. Three winners were presented with Garmin Health's “Most Innovative Solutions” award for successfully leveraging the power of Garmin wearable technology into health or wellness programs in the categories of Health Care, Insurance and Engagement. Winners received 50 Venu® Sq Garmin smartwatche

Garmin Health announces 2021 Garmin Health Awards winners

Garmin's (GRMN) third-quarter sales reflect strong momentum across marine, aviation, auto and fitness segments.

Garmin (GRMN) Q3 Earnings Beat Estimates, Sales Rise Y/Y

Garmin Ltd. (GRMN) CEO Cliff Pemble on Q3 2021 Results - Earnings Call Transcript

Garmin Ltd (NASDAQ: GRMN) reported third-quarter FY21 revenue growth of 7% year-on-year to $1.19 billion, beating the consensus of $1.15 billion. Revenue from Fitness rose 4% Y/Y to $342.3 million, Outdoor declined 3% Y/Y to $323.9 million, Aviation improved 19% Y/Y to $180.2 million, Marine jumped 25% Y/Y to $207.5 million, and Auto sales grew 7% Y/Y to $138.1 million.

Garmin Clocks 7% Revenue Growth In Q3, Cuts FY21 Gross Margin Outlook

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (NASDAQ: GRMN), today announced results for the third quarter ended September 25, 2021. Highlights for third quarter 2021 include: Total revenue of $1.19 billion, a 7% increase over the prior year quarter Gross and operating margin were 58.4% and 23.7%, respectively Operating income of $283 million, an 11% decrease compared to the prior year quarter GAAP EPS was $1.34 and pro forma EPS(1) was $1.41 Named Manufacturer of the Year by the Na

Garmin announces third quarter results

Garmin has been incredibly resilient in the face of market turmoil and has been seeing new contracts as well as renewals over the past few months.

Garmin Stock: Hidden Buyback Potential And Economic Resiliency

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the GPSMAP® 79 marine handheld series designed to equip mariners with a suite of essential, easy-to-use onboard navigation tools from the palm of their hand. Building on the legacy of the GPSMAP 78 series, the GPSMAP 79 series introduces an all-new design with modern display features and optional built-in Blue

Cast off confidently with the new Garmin GPSMAP 79 marine handheld series

Garmin's (GRMN) third-quarter 2021 results are likely to reflect strength across fitness, marine, auto and outdoor segments along with recovery in the aviation business.

Garmin (GRMN) to Report Q3 Earnings: What's in the Cards?

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Garmin (GRMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Garmin (GRMN) Q3 Earnings Expected to Decline

The company is set to report third-quarter earnings on Oct. 30

Garmin Earnings: What to Watch

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Garmin DriveSmart™ 66, 76, and 86 series – a fresh lineup of portable car GPS navigators designed to bring a new level of simplicity and freedom to drivers. The Garmin DriveSmart series revs onto the scene with crisp 6, 7 or 8-inch high-definition displays allowing drivers to clearly find the best route. What's more, the 8-inch display model can be easily mounted in both landscap

New Garmin DriveSmart GPS navigators bring simplicity to the open road with larger displays

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today introduced the Dexcom Connect IQ apps, providing people with Type 1 and Type 2 diabetes who use the Dexcom® G6 Continuous Glucose Monitor (CGM) System1 with a way to quickly see their glucose levels and trends – even while working out – right on their compatible Garmin smartwatch or cycling computer.2 The apps can be downloaded now from the Connect IQ™ store. “Dexcom's CGM systems have revolu

People with diabetes can now view Dexcom CGM data on their Garmin smartwatch or cycling computer

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its third quarter 2021 earnings conference call that will be broadcast over the Internet on Wednesday, October 27, 2021 at 10:30 a.m. EDT, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on October 27, 2021. What: Garmin Ltd. Third Quarter 2021 Earnings Call When: Wednesday, Octo

Garmin® Ltd. schedules its third quarter 2021 earnings call

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OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that 10% of the ever-popular Cessna Citation Excel and XLS business jet fleet has now been retrofitted with Garmin's G5000® integrated flight deck upgrade. The G5000 integrated avionics suite modernizes the cockpit with additional capabilities, significantly reduces operational costs, increases situational awareness of the flight crew and solves long-term concerns related to legacy

Garmin achieves significant milestone in its G5000 retrofit program for Cessna Citation Excel and Citation XLS aircraft

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that expanded engine monitoring capability will be available for select Pilatus PC-12/45 and PC-12/47 aircraft with the addition of the TXi Engine Indication System (EIS) display. This upgrade offers PC-12 owners and operators a fully modernized, complete Garmin cockpit retrofit solution that includes the GFC™ 600 autopilot, G600 TXi primary flight display, GTN™ Xi navigators, GTX™

Garmin announces an enhanced retrofit solution for select Pilatus PC-12 aircraft with the addition of TXi EIS

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OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced that it was named Manufacturer of the Year for the seventh consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards banquet held Sept. 23 in Orlando, Fla. The coveted Manufacturer of the Year honor is given to the most recognized company in the m

Garmin named the Manufacturer of the Year by the National Marine Electronics Association for seventh straight year

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced it will host its Garmin Developer Virtual Conference (GDVC) on Oct. 13, 2021 in an all-online format for the second year in a row. The free global event is designed to offer current and future Garmin developers from all over the world an in-depth look into the latest Connect IQ™, Garmin Connect™ and ANT® updates, features and programs—while offering exclusive insights into sport, fitness

Garmin Developer Virtual Conference set for October 13

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Adventure Racing sport profile, a new activity profile that allows participants to track vital information and utilize their Enduro™ ultraperformance multisport watch, while adhering to the rules and regulations of Adventure Racing competitions, making it the first GPS-enabled watch that is Adventure Race authorized. The new Adventure Racing sports activity is now available thro

Garmin's Enduro ultraperformance multisport watch becomes the first GPS-enabled watch authorized by Adventure Race, the ultimate race of human endurance

News for Garmin Stock (GRMN)