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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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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All-new, high-performance Baja Race and Baja Chase Editions feature built-in inReach satellite communication for live tracking and messaging to help give teams the winning edge OLATHE, Kan. , Jan. 10, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Tread® XL – Baja Race  and Tread XL – Baja Chase  Editions of high-performance, off-road navigators, purpose-built for high-speed race vehicles and support trucks.

Crush the competition with the Tread XL - Baja series, off-road racing navigators from Garmin

Garmin (GRMN) announces an always-connected LTE dash cam, Dash Cam Live, to expand its automotive solutions portfolio.

Garmin (GRMN) Boosts Automotive Offerings With Dash Cam Live

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RV 895/1095 navigators bring large displays, enhanced travel content and simplified arrival planning using high-resolution satellite imagery of RV parks and campgrounds OLATHE, Kan. , Jan. 4, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the large, tablet-like 8 and 10-inch RV 895  and RV 1095 navigators, tailored to the RV and camping lifestyle.

Plan to make memories with adventure-friendly RV series navigators from Garmin

Always-connected LTE dash cam allows motorists peace of mind whether they're at the wheel or away from their vehicle OLATHE, Kan. , Jan. 4, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the all-new Garmin Dash Cam ™ Live , an always-connected1 LTE dash cam2 that offers drivers access to a live exterior view of their vehicle.

Stay connected to your vehicle 24/7 with Garmin Dash Cam Live

Garmin is an industry leader in GPS-enabled products in key industries. It has plenty of growth runway in the aviation market due to its moat worthy reputation and technology leadership.

Garmin: Navigate To This Great Dividend Grower

Global smartwatch data offers insights into fitness tends OLATHE, Kan., Dec. 12, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN), today released its 2022 Garmin Connect Fitness Report , shedding light on the changing exercise habits of Garmin customers around the world as millions returned to pre-pandemic routines.

Garmin releases 2022 Connect Fitness Report

Athletes will use Garmin's flagship Forerunner 955 GPS running smartwatch to track performance metrics, receive training guidance and monitor health and wellness stats around the clock OLATHE, Kan. , Dec. 1, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced an agreement to become the official running watch sponsor of Under Armour's Mission Run professional running teams: Dark Sky Distance, Baltimore Distance and Baltimore 800m.

Garmin named official running watch sponsor of Under Armour's Mission Run professional running teams

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

Garmin (GRMN) Up 5.5% Since Last Earnings Report: Can It Continue?

Palomino RV chooses Garmin's (GRMN) Garmin ONE solution to strengthen its Pause line of travel trailers.

Garmin (GRMN) Expands Customer Base With Palomino Selection

Automotive OEM team recognized for contribution to new BMW Theatre Screen featured on the BMW 7 Series launched this year OLATHE, Kan. , Nov. 22, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN) is proud to announce that its Automotive OEM group has been recognized by BMW Group with a coveted 2022 Supplier Innovation Award in the customer experience category.

Garmin receives 2022 BMW Group Supplier Innovation Award

State-of-the-art camping trailer will be fully integrated with Garmin technology including navigation, entertainment and digital switching OLATHE, Kan. , Nov. 21, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that Palomino RV has selected the Garmin ONE (Operation, Navigation, Entertainment) solution to power its off-road ready Pause line of travel trailers.

Palomino RV selects Garmin ONE solution to outfit Pause trailers

Garmin (GRMN) introduces the all-in-one indoor smart bike Tacx NEO Bike Plus to offer cyclists and athletes a realistic outdoor riding experience.

Garmin's (GRMN) Tacx NEO Bike Plus to Boost Fitness Segment

Garmin (GRMN) launches the Signature Series 3i 8.8'' wake tower marine speakers to provide boaters with an enhanced audio experience.

Garmin (GRMN) Lifts Marine Segment With Signature 3i Speakers

All-in-one indoor smart bike offers one of the most accurate, realistic and quiet indoor riding experiences – plus a fully adjustable fit – to make every ride epic OLATHE, Kan. , Nov. 16, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN), today announced the Tacx® NEO Bike Plus , a simple-to-use indoor smart bike that is ready to ride with realistic road feel, simulated gradients and enhanced virtual shifting.

Bring the outdoor world indoors with the Tacx NEO Bike Plus from Garmin

Archer Aviation

SANTA CLARA, Calif.--( BUSINESS WIRE )--Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, and Garmin (NYSE: GRMN), a leading provider of aviation technologies and solutions, today announced they have entered into an agreement for Garmin to supply the G3000® integrated flight deck for Midnight.

Archer Enters Into Agreement for Garmin to Supply Key Avionic Systems for Archer's Production Aircraft, Midnight™

With communication and location tracking technology, Bounce delays the need for a smartphone OLATHE, Kan. , Nov. 15, 2022 /PRNewswire/ -- Garmin (NYSE: GRMN), today announced Bounce ™ , a kids smartwatch with LTE connectivity1 that lets parents easily communicate with and locate their child.

Introducing Bounce, the first LTE-connected kids smartwatch from Garmin

Garmin (GRMN) unveils the Instinct Crossover smartwatch, which shows accurate timing in the most inclement environments, making it convenient for customers with different outdoor preferences.

Garmin (GRMN) Boosts Wearable Portfolio With Instinct Watch

New RevoDrive  technology, built-in sports apps, robust health and wellness features, as well as solar charging, set a new standard of analog smartwatch functionality OLATHE, Kan. , Nov. 8, 2022 /PRNewswire/ -- Garmin today announced Instinct® Crossover , the newest and most unique addition to the popular Instinct family of rugged, purpose-built smartwatches.

New rugged Instinct Crossover by Garmin is fully analog, fully smart, and full of adventure

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OLATHE, Kan., Nov. 1, 2022 /PRNewswire/ -- Garmin International, Inc., a unit of Garmin Ltd.

Garmin G3000 integrated flight deck selected by L3Harris for USSOCOM Armed Overwatch contract

OLATHE, Kan. , Oct. 28, 2022 /PRNewswire/ -- Garmin International, Inc., a subsidiary of Garmin Ltd.

Garmin wins another patent lawsuit

Garmin's (GRMN) third-quarter sales results reflect growth in outdoor and aviation segments despite weakness in the fitness, marine and auto businesses.

Garmin's (GRMN) Earnings Beat, Sales Lag Estimates in Q3

Garmin Ltd. (NYSE:GRMN ) Q3 2022 Earnings Conference Call October 26, 2022 10:30 AM ET Company Participants Teri Seck - Director IR Clifton Pemble - President and CEO Doug Boessen - CFO Conference Call Participants Paul Chung - JPMorgan David Macgregor - Longbow Research Ben Bollin - Cleveland Research Ivan Feinseth - Tigers Financial Research Erik Woodring - Morgan Stanley Operator Thank you for standing by and welcome to the Garmin Limited Third Quarter 2022 Earnings Conference Call.

News for Garmin Stock (GRMN)