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 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Company servers are beginning to come back online, after a Russian cyberattacker reportedly asked the company to pay $10 million to restart its operations.

Garmin's Online Services Crippled by Ransomware Attack

The attackers reportedly crippled the smartwatch maker's Garmin Connect service last week with malicious software tied to Evil Corp.

Russian hacker gang Evil Corp. may be behind days-long Garmin outage

Smartwatch maker Garmin has obtained the decryption key to recover its computer files from a ransomware attack last Thursday, Sky News has learnt.

Garmin obtains decryption key after ransomware attack

An ongoing global outage at sport and fitness tech giant Garmin was caused by a ransomware attack, according to two sources with direct knowledge of the incident. The incident began late Wednesday and continued through the weekend, causing disruption to the company’s online services for millions of users, including Garmin Connect, which syncs user activity […]

Garmin global outage caused by ransomware attack, sources say

Garmin, the GPS and wearable device company, says a widespread blackout has left its fitness devices, website and call centers offline for more than 24 hours in what may be a ransomware attack.

Garmin hit with massive outage in suspected ransomware attack

Garmin’s fitness-tracking service has been down for at least a day — a massive outage that may have been caused by a cyberattack. The smartwatch and GPS maker first confirmed Thursday morning that the outage had disabled its Garmin Connect service, which lets users track their workouts and personal health data through a smartphone app.

Garmin outage shuts down fitness service, call centers

The wearable company said it's working to resolve the issue.

Garmin app, website go offline after reported ransomware attack

Except for two tweets, Garmin has stayed quiet about the attack.
Yesterday Garmin, the popular maker of GPS-enabled wearables and navigational software, was rocked by a cyberattack that caused many of its services to shut down.

Garmin Connect ransomware attack: What’s taking so long?

Garmin servers are offline but you can still share your runs, rides, swims and walks with Strava. Here’s how

Garmin down: how to still get your activities on to Strava

Smartwatch maker Garmin has become the latest apparent victim of cyber criminals, with a suspected attack taking offline its website, mobile app and customer service call centres.

Smartwatch maker Garmin taken offline after suspected cyber attack

US company forced to shut down call centres, website and some other online services

Smartwatch maker Garmin hit by outages after ransomware attack

Garmin's (GRMN) second-quarter results are likely to reflect strength in wearable portfolio. However, coronavirus pandemic is likely to have remained a headwind.

Garmin (GRMN) to Report Q2 Earnings: What's in the Offing?

Garmin (GRMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Garmin (GRMN) Q2 Earnings Expected to Decline

Intuit

Zoetis

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Consider Adding Zoetis, Garmin, And Intuit To Your Retirement Portfolio

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc.

Garmin® quatix® 6X Solar wins at 2020 ICAST Online

OLATHE, Kan.--(BUSINESS WIRE)--Garmin today announced it has received European Aviation Safety Agency (EASA) certification of the G3X Touch flight display for hundreds of aircraft.

Garmin® receives EASA approval of the G3X Touch flight display in single-engine piston aircraft

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International today announced G500 TXi and G600 TXi flight display enhancements that bring more capability to cockpit upgrades.

Garmin® unveils G500 TXi and G600 TXi flight display enhancements

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its second quarter 2020 earnings conference call that will be broadcast over the Internet on Wednesday, July 29, 2020 at 10:30 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on July 29, 2020. What: Garmin Ltd. Second Quarter 2020 Earnings Call When: Wednesday, July 29,

Garmin® Ltd. schedules its second quarter 2020 earnings call

Never is a long time, but here's why in a word: cash.

1 Reason I’ll Never Sell Garmin

Garmin (GRMN) receives certification for G1000NXi integrated flight deck upgrade for use in the Embraer Phenom 300 business jets.

Garmin's G1000 NXi Certification to Aid Aviation Business

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the expansion of its solar charging technology to its Instinct, fēnix 6 and 6S, and tactix Delta adventure smartwatches. Building on the success of Garmin’s first solar charging adventure watch, the fēnix 6X - Pro Solar, these new solar editions allow customers to “Do What They Love Longer” through significantly increased battery life and new purpose-built functionality including sur

Garmin® expands solar charging technology to popular adventure smartwatches

Garmin (GRMN) recently acquires a privately-held company, Firstbeat Analytics, to enhance its portfolio.

Garmin (GRMN) Acquires Firstbeat Analytics, Boosts Portfolio

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), is proud to announce that Carly Hysell, Garmin public and media relations manager, has been selected as one of Boating Industry magazine’s “Women Making Waves” for 2020. This recognition is presented annually to 25 women in the marine industry who make large contributions to the industry’s success, propel its growth and lead their organizations and peers into the future. “Since beginning her career

Carly Hysell of Garmin® recognized as a “Woman Making Waves” in 2020 by Boating Industry Magazine

Disney

DraftKings

The COVID-19 pandemic may have changed what sports and recreation look like in the future, and these three companies should benefit in both the short and long term.

3 Sports Stocks Poised for a Bull Run

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ:GRMN), today announced it has acquired Firstbeat Analytics Oy, a privately-held provider of physiological analytics and metrics for consumer devices in the health, wellness, fitness and performance markets. Firstbeat Analytics is the consumer licensing business formerly a part of Firstbeat Technologies. Firstbeat Technologies will continue operating its Wellness and Professional Sports businesses. As one of the most prominent physi

News for Garmin Stock (GRMN)