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.

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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Garmin Ltd. (NYSE:GRMN ) Q2 2024 Earnings Conference Call July 31, 2024 10:30 AM ET Company Participants Teri Seck - Manager, IR Clifton Pemble - President, CEO & Director Douglas Boessen - CFO & Treasurer Conference Call Participants Joseph Cardoso - JPMorgan George Wang - Barclays David MacGregor - Longbow Research Jordan Lyonnais - Bank of America Benjamin Bollin - Cleveland Research Ivan Feinseth - Tigress Financial Partners Noah Zatzkin - KeyBanc Capital Markets Erik Woodring - Morgan Stanley Operator Thank you for standing by.

Garmin Ltd (GRMN) Q2 2024 Earnings Call Transcript

Garmin's (GRMN) second-quarter results benefit from solid momentum in the Fitness, Marine and Auto OEM segments.

Garmin (GRMN) Q2 Earnings Beat Estimates, Sales Rise Y/Y

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Garmin reported Q2 2024 revenue of $1.51 billion, a 14% increase year over year. The company raised its full-year revenue guidance to approximately $5.95 billion.

Garmin Raises Full-Year Revenue Guidance

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Here's Why Garmin (GRMN) is a Strong Growth Stock

Although the revenue and EPS for Garmin (GRMN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Garmin (GRMN) Q2 Earnings: A Look at Key Metrics

Garmin (GRMN) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.45 per share a year ago.

Garmin (GRMN) Q2 Earnings and Revenues Beat Estimates

Garmin beat second-quarter revenue estimates and raised full-year forecast on Wednesday, helped by strong demand for the navigation device makers' product launches and upgrades in the fitness and auto segment.

Garmin beats second-quarter revenue estimates, raises full-year forecast

Garmin beat Wall Street's targets for the second quarter and raised its sales and earnings outlook for the full year. Garmin stock rose on the news.

Garmin Tops Second-Quarter Targets, Raises Full-Year Guidance

Company reports record second quarter revenue and raises full year guidance SCHAFFHAUSEN, Switzerland , July 31, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the second quarter ended June 29, 2024.

Garmin announces second quarter 2024 results

Garmin Ltd. (GRMN) is riding a wave of strong financial performance and robust demand.

Garmin Capitalizing on Heavy Demand

Get a deeper insight into the potential performance of Garmin (GRMN) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Wall Street's Insights Into Key Metrics Ahead of Garmin (GRMN) Q2 Earnings

Garmin stock and Hyster Yale are near buy points and at new highs with strong Composite Ratings.

Garmin Stock Hovers Near Buy Point Ahead Of Earnings Report

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Garmin (GRMN) unveils JL Audio MM55 and 55-HR next-generation marine and powersports source units in a bid to strengthen its overall portfolio.

Garmin (GRMN) Expands Marine Portfolio With MM55 & 55-HR Devices

Why Garmin (GRMN) is a Top Growth Stock for the Long-Term

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Are Computer and Technology Stocks Lagging Garmin (GRMN) This Year?

Garmin (GRMN) expands its marine offerings with the Panoptix PS22-IF Ice Fishing Bundle, strengthening its overall portfolio.

Garmin (GRMN) Boosts Marine Offerings With Panoptix PS22-IF

Data from Garmin users worldwide shows a rise in cycling activities—both inside and outdoors OLATHE, Kan. , July 10, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) released a report today highlighting how cyclists around the world are logging miles and the positive health benefits they're seeing as a result.

Garmin releases report highlighting cycling trends from around the world

Ultraportable bundle features an industry-first design that eliminates the need for a pole mount OLATHE, Kan. , July 9, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the Panoptix™ PS22-IF Ice Fishing Bundle —its newest live sonar solution for hard water anglers with a first-of-its kind transducer bracket and rotator design that eliminates the need for a pole mount.

Garmin introduces the Panoptix PS22-IF Ice Fishing Bundle, a live sonar solution optimized for hole hopping

Garmin (GRMN) partners with IBBI to offer its portfolio of marine electronics and audio solutions in a bid to boost its customer base.

Garmin (GRMN) Strengthens its Clientele With IBBI Partnership

Garmin has five unique operating segments. Four of which had double-digit revenue growth in Q1 2024. Continued R&D spend has led to innovative products loved by clients and consumers. Garmin has an experienced senior leadership team with the company's co-founders still owning a sizeable amount of the company. This leadership team has created a top-notch company culture.

News for Garmin Stock (GRMN)