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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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

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Year over year growth in Revenue and Operating Expenses.

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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

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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. (NASDAQ: GRMN), today announced that Garmin Autoland has been awarded the 2020 Robert J. Collier Trophy for the world's first certified autonomous system designed to activate during an emergency to safely fly and land an aircraft without human intervention1. The Collier Trophy has been the benchmark of aerospace achievement for over a century and is awarded annually by the National Aeronautic Association (NAA) to

Garmin Autoland wins prestigious Robert J. Collier Trophy

Garmin Ltd's (NASDAQ: GRMN) Garmin International division rolled out a premium GPS running and triathlon smartwatch with LTE connectivity for the athletes, Forerunner 945 LTE. The Forerunner 945 LTE offers phone-free safety and tracking features, spectator messaging, and live event sharing to the wrist, including detailed training data, performance monitoring tools, and smartwatch features.

Garmin Introduces Premium Forerunner 945 LTE GPS Running and Triathlon Smartwatch with LTE Connectivity

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Forerunner® 55, an easy-to-use GPS smartwatch designed for people of all skill levels – especially those new to running – to track their stats and achieve their fitness goals. With the simple press of a button, users can start their run or walk and track their time, distance, speed, pace and heart rate data right from their wrist. The Forerunner 55 also offers detailed running d

Garmin celebrates Global Running Day with the launch of the Forerunner 55, an easy-to-use smartwatch that encourages running and healthy lifestyles

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today introduced the Forerunner® 945 LTE, a premium GPS running and triathlon smartwatch with LTE connectivity.1 Designed to help athletes stay connected on the go, the Forerunner 945 LTE brings phone-free safety and tracking features, spectator messaging and live event sharing to the wrist while still providing the detailed training data, performance monitoring tools and smartwatch features athlet

Garmin brings LTE connectivity to its premium GPS running and triathlon smartwatch with the introduction of the Forerunner 945 LTE

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced an agreement with Deutsche Aircraft to provide the state-of-the-art Garmin G5000® integrated flight deck for the innovative D328eco Companion™ flight deck. Deutsche Aircraft is working to develop the new D328eco, which is expected to provide the regional air transportation market a more sustainable and environmentally friendly aircraft option by 2025. “Deutsche Aircraft is developing

Garmin G5000 integrated flight deck selected by Deutsche Aircraft for D328eco regional turboprop

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

Why Is Garmin (GRMN) Up 2.7% Since Last Earnings Report?

Garmin (GRMN) bolsters its presence in the aviation industry with the acquisition of AeroData.

Garmin (GRMN) Acquires AeroData to Boost Aviation Business

Garmin Ltd (NASDAQ: GRMN) acquired aircraft performance software provider AeroData Inc. The financial terms of the transaction were not disclosed.

Garmin Acquires AeroData for Undisclosed Sum

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced the acquisition of AeroData, Inc., a privately held, industry leading provider of aircraft performance software and services tailored to commercial and business aviation. AeroData's portfolio includes products such as runway analysis, takeoff and en route performance, weight and balance, automated passenger and cargo load planning, global airport obstacle database, aroun

Garmin acquires AeroData, a leading provider of performance data solutions for commercial aircraft

Garmin (GRMN) receives STC from FAA for GFC 500 autopilot use in Piper PA-24 Comanche aircraft.

Garmin (GRMN) Boosts Aviation Efforts With New Certification

Apple

Medtronic

Rising demand for smart medical devices due to their convenience of providing active monitoring of patients makes it wise to look at names like Apple (AAPL), Garmin (GRMN) and Medtronic (MDT).

3 Stocks to Watch on Rising Demand for Smart Medical Devices

Garmin (GRMN) introduces latest innovation, namely Descent Mk2S, in the fitness segment.

Garmin (GRMN) Boosts Fitness Segment Via Descent Mk2S Launch

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today introduced “Women of Adventure: Being Brave in a Big World”, a children's book featuring six stories collected from the Garmin Women of Adventure series that spotlights strong, fearless, curious, selfless and brave women who have overcome great obstacles, accomplished amazing feats and simply aren't bound by convention. Written and illustrated by Garmin associates, the book captures the trait

Garmin debuts “Women of Adventure: Being Brave in a Big World” children's book to inspire the next generation of explorers

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Descent® Mk2S, its smallest watch-style dive computer – ideal for women and those with smaller wrists – designed for everyday wear and maximum functionality. Packed with innovative dive technology and Garmin's most sought-after built-in activity sports profiles and wellness features, the Descent Mk2S is a tool with unmatched versatility for both below and above the surface. A sm

Garmin introduces Descent Mk2S, its smallest watch-style dive computer designed for all-day wear

OLATHE, Kan.--(BUSINESS WIRE)--Fusion's MS-RA60 marine stereo delivers boaters a premium audio entertainment experience and new modern look at an accessible price.

Garmin's new Fusion MS-RA60 stereo offers a premium audio experience at an accessible price point – now that's music to the ears

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (Nasdaq: GRMN) today announced that a trust, of which Jonathan Burrell, son of the company's co-founder and a director of Garmin Ltd., is a co-trustee, has established a pre-arranged trading plan to sell a portion of the trust's shares in the company over a designated period. The plan was adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Rule 10b5-1 allows corporate officers and directors to adopt written, pre

Burrell trust adopts Rule 10b5-1 stock disposition plans

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced it has received Federal Aviation Administration (FAA) Supplemental Type Certificate (STC) approval for the GFC™ 600 digital autopilot in select Cessna CitationJet 525 models1, the first jet certification for this popular autopilot solution. The GFC 600 digital autopilot delivers superior in-flight characteristics and new operational capabilities such as autopilot-coupled Vertical Nav

Garmin announces first turbofan certification for GFC 600 digital autopilot

NEW YORK--(BUSINESS WIRE)-- #Garmin--Lumen, creators of the world's first metabolism measurement device through the breath, and Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), have launched the second phase of integrating health and activity data from Garmin alongside metabolic data from the Lumen device and app. According to the research team at Lumen, the trend is clear: Garmin users are now optimizing their fitness routine by training their metabolism. “Proper nutrition is just as e

Lumen Launches Second Phase of Garmin Integration With New Data Demonstrating Impact of Fitness on Metabolism

Ally Financial

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Blackrock Inc

Cincinnati Financial

Cummins

Home Depot

Infosys

KLA-Tencor

Southwest Airlines

NetEase

Taiwan Semiconductor Manufacturing

United Microelectronics

Releasing two top May stocks from the MDA Growth and Dividend Breakout portfolio and two top samples from prior portfolios. Long-term dividend portfolios have been released every month with average weighted gains of +35.9% and the S&P 500 +11.8% YTD.

V&M Breakouts: Top Growth And Dividend Stocks For May 2021

Big 5 Sporting Goods

Nautilus

Planet Fitness

Peloton

Weightwatchers International Inc.

Town Sports International Holdings

With summer aligning with rising demand for social normalization, fitness stocks could enjoy a significant rebound. The post 7 Fitness Stocks to Buy Before We Enter Beach Season appeared first on InvestorPlace.

7 Fitness Stocks to Buy Before We Enter Beach Season

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the dēzl OTR500 in a new 5.5” size with a crisp, HD resolution touchscreen display that is easy to see and operate on the road. This addition to the popular dēzl™ OTR lineup, which includes the dēzl OTR700/800/1000, gives truck drivers more options than ever when it comes to the size of their GPS truck navigator. The entire dēzl OTR family also introduces PrePass® weigh station bypa

Garmin announces the dēzl OTR500, a compact addition to the popular truck navigator lineup

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 MSC™ 10 marine satellite compass with multi-band GNSS and a fully integrated attitude and heading reference system for a smooth and accurate GPS-derived heading and position on the water. “Garmin was the first to deliver a marine positioning receiver and antenna utilizing multi-band GNSS support, and we're

Garmin announces MSC 10 marine satellite compass

Garmin management has executed well at diversifying its product range and achieving double-digit growth across its diverse market segments. The company has excellent financials with no long-term debt, large cash reserves, and a profitable bottom line.

Garmin: Excellent Execution But Weak Economic Moat

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced an increasing number of nominations, honors and accolades for Garmin Autoland, the world's first certified autonomous flight technology system of its kind. Garmin Autoland made history in 2020 when it achieved Federal Aviation Administration (FAA) certification, as well as certification from the European Union Aviation Safety Agency (EASA). Garmin Autoland was also recently selected

Garmin Autoland autonomous flight technology continues to capture international media and customer attention

Lululemon Athletica

NIKE

Under Armour

Let's look at a handful of fitness stocks, as companies adapt to the new world of working out due to the pandemic. Here are seven of them.

News for Garmin Stock (GRMN)