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 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

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

Earnings data Q2 2026

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.

Garmin reports record Q4 revenue and strong growth outlook

Garmin's Q4 2024 performance reflects robust revenue growth, margin expansion, and strong operating income, driven by diversified segment performance. While facing challenges in rising operating expenses, the company's focus on innovation and cost management positions it well for future growth. Anticipated revenue growth, dividend increase, and strong cash position underscore Garmin's resilience and strategic outlook for continued success.

Garmin excels in Q1 2025, navigates tariffs with strategic resilience

Garmin's Q1 2025 performance reflects strong financial health and strategic resilience. Despite challenges from tariffs and trade uncertainties, the company remains optimistic, leveraging its diversified business model and innovative offerings to drive growth.

Garmin posts stellar Q2 results, eyes growth through acquisitions

Garmin's Q2 2025 performance reflects robust revenue growth, profitability, and strategic initiatives to drive future expansion and enhance shareholder value. While facing challenges such as rising expenses and market dynamics, the company's strong financial position and diversified revenue streams position it well for long-term success. By capitalizing on growth opportunities through innovation, market expansion, and customer-centric strategies, Garmin aims to sustain its growth trajectory and competitive edge in the industry.

Garmin reports record Q3 revenue and raises full-year guidance

Garmin's Q3 2025 earnings call showcased outstanding financial results, with record revenue, strong margins, and raised full-year guidance, reflecting financial strength and growth potential. While facing challenges in the Auto OEM segment and tax rate impact, Garmin's diversified segment performance and strategic outlook offer opportunities for market expansion and profitability enhancement. The company's focus on channel inventory health, product demand, and long-term margin targets positions Garmin for continued success and growth in the competitive market landscape. Investors can be optimistic about Garmin's performance, given its solid financial position, segment growth opportunities, and strategic initiatives to drive profitability and shareholder value.

Garmin reports record earnings in 2025, anticipates strong growth

Garmin's robust financial performance in 2025 sets a strong foundation for continued growth in 2026. The company's focus on innovation, market expansion, and strategic investments positions it well to capitalize on emerging opportunities and navigate challenges ahead.

Garmin excels in Q1 2026, driven by wearables and segment growth

Garmin's Q1 2026 performance reflects robust financial health, marked by revenue and income growth. Despite challenges in certain segments, the company's strengths in wearables, aviation, and marine sectors position it well for future opportunities through product innovation and market expansion.