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.

Revenue Y/Y

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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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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

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The navigation and wearable technology firm is poised to keep growing as it benefits from expansion within multiple areas.

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Garmin (GRMN) introduces Garmin Surround View Camera System that gives captains a 360-degree view of their vessel's perimeter to avoid collision.

Garmin (GRMN) Boosts Marine Segment With Surround View Camera

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 Garmin Surround View Camera System, a breakthrough in video guidance for recreational boating and yachting. Utilizing six through-hull mounted cameras that act like multiple sets of eyes, Surround View provides a live 360-degree bird's-eye view around the vessel to help captains quickly view their vessel's

Take the guess work out of docking with Garmin Surround View, the marine industry's first intelligent camera system to offer captains a 360-degree bird's-eye view

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SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established September 30, 2021 as the payment date for the next dividend installment of $0.67 per share with a record date of September 15, 2021. At the 2021 annual shareholders' meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.68 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative

Garmin® Confirms September 30 Dividend Payment

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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 Malibu Boats, Inc., a market leader in the performance sport boat category, has selected Garmin to exclusively outfit its full line of Axis Wake Research® wakesurf and wakeboarding boats with a customized 7-inch touchscreen display beginning model year 2022. “We're honored that Malibu has selected Garmin a

Malibu Boats selects Garmin marine electronics for its full line of Axis wakesurf and wakeboarding boats

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Garmin (GRMN) launches a portable golf launch monitor, namely Approach R10, in a bid to expand its reach to golfers.

Garmin (GRMN) Strengthens Outdoor Segment With Approach R10

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Approach R10, a lightweight portable golf launch monitor designed to help golfers improve their game at home, indoors or the driving range. With more than a dozen key metrics1 shown in real time, including club head speed, ball speed, swing tempo, ball spin, launch angle and more, golfers of all skill levels can rely on the Approach R10 to fine-tune their game. When paired with

Tee up from home or the driving range with Garmin's Approach® R10 portable golf launch monitor

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The GPS device-making giant got a big boost in demand over the past two years and it's still booming.

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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 the Apollo™ Series amplifiers from Fusion® Entertainment, a Garmin brand, delivering the best performance and most power for boats equipped with Fusion Digital Signal Processing (DSP)-enabled stereos and Fusion speakers2. Designed exclusively for Fusion marine entertainment systems, the new Apollo Series enhanc

Garmin's new Apollo Series amplifiers offer a boost for boaters with Fusion audio systems

Investors were hoping for a modest outlook upgrade, but received an aggressive hike instead.

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Garmin's (GRMN) CEO Cliff Pemble on Q2 2021 Results - Earnings Call Transcript

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

News for Garmin Stock (GRMN)