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

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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

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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SG&A

Other

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EBITDA

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Free cash flow

Garmin's (GRMN) third-quarter results benefit from strength in the Fitness, Auto OEM, Outdoor and Aviation segments.

Garmin's (GRMN) Q3 Earnings & Sales Beat Estimates, Up Y/Y

Garmin Ltd. (NYSE:GRMN ) Q3 2023 Results Conference Call November 1, 2023 10:30 AM ET Company Participants Teri Seck - Director, IR Cliff Pemble - President and CEO Doug Boessen - CFO and Treasurer Conference Call Participants Erik Woodring - Morgan Stanley Joseph Cardoso - JPMorgan George Wang - Barclays Ben Bollin - Cleveland Research David MacGregor - Longbow Research Noah Zatzkin - KeyBanc Ivan Feinseth - Tigress Financial Partners Teri Seck [Call Starts Abruptly] related slides are available at Garmin's Investor Relations site on the Internet at www.garmin.com/stock.

Garmin Ltd. (GRMN) Q3 2023 Earnings Call Transcript

Garmin just boosted 2023 revenue guidance for the second time this year. Garmin has an enviable balance sheet with a pile of cash and no debt.

Why Garmin Stock Popped After Earnings

Garmin Ltd shares jumped 11% to $113.44 in late-morning trading on Wednesday after the navigation equipment maker reported third quarter 2023 financial results that exceeded expectations on both the top and bottom lines as the company also raised its annual revenue forecast.  For 3Q, Garmin saw a 12% year-over-year increase in revenue to $1.28 billion, surpassing the analyst consensus forecast of $1.21 billion according to LSEG, on strength in its auto and fitness businesses.

Garmin stock climbs on 3Q beat and full year revenue boost

Navigation equipment maker Garmin Ltd raised its annual sales forecast for the crucial holiday shopping period as strength in its auto and fitness businesses helped it beat third-quarter revenue estimates.

Garmin raises holiday period sales forecast, beats quarterly estimates

Company reports double-digit third quarter revenue and operating income growth SCHAFFHAUSEN, Switzerland , Nov. 1, 2023 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the third quarter ended September 30, 2023.

Garmin announces third quarter 2023 results

Expanded strategic relationship will bring innovative Garmin fitness, outdoor and automotive products to customers in rapidly growing country for the first time OLATHE, Kan. , Oct. 30, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that AMIT International will serve as its exclusive distributor in India, expanding the companies' long-term strategic relationship in the rapidly growing country.

Garmin selects AMIT International as exclusive distributor for India

Fortinet

Zoom Video

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Virtual informational sessions on Oct. 26 aim to help teens jumpstart careers in tech OLATHE, Kan. , Oct. 25, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) is excited to introduce Fast Track to Tech, an innovative on-the-job training program designed specifically for high school seniors.

Garmin Fast Track to Tech program offers high school students a viable alternative to college

New chartplotters offer premium sonar and mapping, wireless networking and more OLATHE, Kan. , Oct. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the ECHOMAP™ Ultra 2 chartplotter series designed with advanced features for inland and nearshore anglers.

Garmin introduces next-gen ECHOMAP Ultra 2 series

Powered by RapidReturn sonar with next-gen xCHIRP technology, the GSD 28 provides  Garmin's clearest and most detailed fish arch returns OLATHE, Kan. , Oct. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the GSD™ 28 , a high-powered sonar module engineered for serious sportfishing.

Take sportfishing to extreme depths with the new GSD 28 from Garmin

Most capable D2 smartwatch yet includes full suite of aviation features, longer battery life and flashlight OLATHE, Kan. , Oct. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced its latest aviator smartwatch – the D2™ Mach 1 Pro.

Light the way with the new D2 Mach 1 Pro aviator smartwatch from Garmin

Garmin (GRMN) incorporates ECG App into its smartwatch lineup, namely, epix Pro, fenix 7 Pro, Venu 3 and tactix 7, enabling users to record an ECG and check vital signs directly from their smartwatch.

Garmin (GRMN) Bolsters Smartwatch Offerings With ECG App

Dr. Min Kao and the late Gary Burrell will be recognized for contributions and excellence in aviation and aeronautics OLATHE, Kan. , Oct. 19, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that co-founders Dr. Min Kao and the late Gary Burrell have been named to the prestigious National Aviation Hall of Fame (NAHF).

Garmin co-founders selected to join National Aviation Hall of Fame

FDA-cleared and clinically-validated app lets even more Garmin customers record an ECG and check for signs of atrial fibrillation right from their smartwatch OLATHE, Kan. , Oct. 17, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) is pleased to announce the expansion of the ECG App1 to the epix™ Pro series, fēnix® 7 Pro series, Venu® 3 series and tactix® 7 – AMOLED Edition smartwatches.

Garmin expands ECG App to additional smartwatches, including its flagship epix Pro and fēnix 7 Pro series

Garmin (GRMN) rolls out the MARQ Carbon collection, comprising Athlete, Golfer, and Commander multisport smartwatches for athletes and adventure enthusiasts.

Garmin (GRMN) Boosts MARQ Lineup to Expand Smartwatch Offerings

Textron

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced that its renowned Cessna Citation M2 Gen2 will include Garmin Autothrottles.

Textron Aviation adds cutting-edge Garmin Autothrottle system to the Cessna Citation M2 Gen2

Stronger and lighter than ever before, the new collection is the pinnacle of premium materials, luxury and performance OLATHE, Kan. , Oct. 12, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the MARQ® Carbon collection, three luxury modern tool watches each crafted from 130 layers of Fused Carbon Fiber™.

Garmin unveils the MARQ Carbon collection: Modern tool watches crafted from uniquely engineered carbon fiber

Award honors ingenuity and outstanding product development in the recreational boating industry OLATHE, Kan. , Oct. 10, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced that its GPSMAP® 9227 with Garmin BlueNet™ was awarded a 2023 Innovation Award at the International BoatBuilders' Exhibition and Conference (IBEX) tradeshow held Oct. 3-5, 2023.

Garmin GPSMAP 9227 wins IBEX Innovation Award

Leading trade publication honors companies shaping the future of the marine industry OLATHE, Kan. , Oct. 9, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, is proud to announce it has been named the Most Innovative Marine Company for 2023 by Soundings Trade Only, a leading trade publication for the recreational boating industry.

Garmin recognized as the 2023 Most Innovative Marine Company

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Garmin (GRMN) announces a long-term agreement to provide the state-of-the-art Garmin G3000 integrated flight deck to BETA Technologies.

Garmin (GRMN) Boosts Aviation Business With Latest Move

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The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF, with a few minor twists. The portfolio fell by 6.29% in September, underperforming the S&P 500 by 1.53%. Year-to-date, the portfolio is up 6.89%. Since its inception, the portfolio has generated 1.90% of alpha over the S&P 500.

4 Factor Dividend Growth Portfolio: First Year Is Coming Down To The Wire

SCHAFFHAUSEN, Switzerland , Oct. 4, 2023 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its third quarter 2023 earnings conference call on Wednesday, November 1, 2023 at 10:30 a.m.

Garmin Ltd. schedules third quarter 2023 earnings call

OLATHE, Kan. , Oct. 3, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a long-term agreement to provide the state-of-the-art Garmin G3000® integrated flight deck  to BETA Technologies for its CX300 revolutionary electric fixed-wing aircraft and A250 electric vertical takeoff and landing (eVTOL) aircraft.

News for Garmin Stock (GRMN)