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.

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Cost of revenue

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SG&A

Other

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EBITDA

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Current assets

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Cash from financing

Change in stock

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Free cash flow

Long-term agreement includes Garmin, JL Audio, Fusion and Clarion Marine products OLATHE, Kan. , July 2, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced it was selected as the exclusive marine electronics and audio supplier for Independent Boat Builders, Inc. (IBBI), the industry's largest purchasing cooperative.

Garmin selected as exclusive marine electronics and audio supplier to IBBI through 2029

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In the closing of the recent trading day, Garmin (GRMN) stood at $162.92, denoting a +0.56% change from the preceding trading day.

Garmin (GRMN) Rises As Market Takes a Dip: Key Facts

Garmin (GRMN) launches a smart cycling computer, namely Edge 1050, to strengthen offerings for cyclists.

Garmin (GRMN) Boosts Fitness Offerings With Edge 1050 Launch

Garmin (GRMN) unveils a new laser range finder, Approach Z30, in a bid to boost its Outdoor segment.

Garmin (GRMN) Strengthens Outdoor Portfolio With Approach Z30

Much of the stock's run over the past year has come from massive earnings beats.

Garmin Runs Hot As Company Pinpoints Consumers

SCHAFFHAUSEN, Switzerland , June 26, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its second quarter 2024 earnings conference call on Wednesday, July 31, 2024, at 10:30 a.m.

Garmin Ltd. schedules second quarter 2024 earnings call

Easy-to-use device relays ranged distances to smartwatches and the Garmin Golf app, and provides more on-course features to help elevate your game OLATHE, Kan. , June 26, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Approach® Z30  laser range finder, the latest addition to the Garmin golf ecosystem, helps golfers see the course in new ways.

Garmin unveils the Approach Z30 smart laser range finder with unparalleled integration to the Garmin golf lineup

Fourth annual awards program recognizes the world's most innovative solutions that successfully integrate Garmin wearable technology into health and wellness programs OLATHE, Kan. , June 25, 2024 /PRNewswire/ -- Garmin Health, a leading provider of digital health solutions that leverage the data and insights of the Garmin (NYSE: GRMN) product ecosystem, today announced finalists for the 2024 Garmin Health Awards.

Garmin announces 2024 Garmin Health Awards finalists

Premium cycling computer adds a vivid color display, enhanced group ride features,  built-in speaker and more—all without sacrificing battery life OLATHE, Kan. , June 25, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced Edge® 1050 , its brightest, smartest and most connected cycling computer ever.

Garmin unveils its brightest and smartest cycling computer ever: the Edge 1050

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Patrick Desbois and Brad Trenkle appointed as co-Chief Operating Officers SCHAFFHAUSEN, Switzerland , June 24, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN), announced today that Patrick Desbois and Brad Trenkle have been appointed to the newly created role of co-Chief Operating Officer (co-COO), effective July 1, 2024.

Garmin expands its executive leadership team

In the most recent trading session, Garmin (GRMN) closed at $161.93, indicating a -1.38% shift from the previous trading day.

Garmin (GRMN) Stock Declines While Market Improves: Some Information for Investors

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Company announces record date and payment date for June 2024 dividend installment SCHAFFHAUSEN, Switzerland , June 7, 2024 /PRNewswire/ -- At Garmin Ltd.'s annual shareholders' meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $3.00 per share, payable in four equal installments.

Garmin shareholders approve quarterly dividend through March 2025

Smartwatch data from Garmin users around the world indicates the more people run, the more their health improves OLATHE, Kan. , June 5, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) is celebrating Global Running Day with data-backed insights into how running boosts the mind and body, as well as metrics like average distance per run and pace per mile.

Garmin celebrates Global Running Day with a look at the positive health benefits of running

Here's a sneak peek into the fundamental strength of Garmin (GRMN), which makes it a suitable pick for maximum returns.

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Garmin Ltd.'s stock fell 4.9% Wednesday to put it on track for its biggest percentage decline in almost two years after BofA analysts downgraded the stock to the equivalent of sell.

Garmin's stock on track for biggest one-day decline in almost two years after BofA downgrade to sell

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