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.

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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

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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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SYNNEX

Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either TD SYNNEX (SNX) or Garmin (GRMN). But which of these two stocks offers value investors a better bang for their buck right now?

SNX or GRMN: Which Is the Better Value Stock Right Now?

Besides Wall Street's top -and-bottom-line estimates for Garmin (GRMN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Insights Into Garmin (GRMN) Q1: Wall Street Projections for Key Metrics

Garmin (GRMN) expands its Outdoor Maps+ offering to several European countries, boosting its adventure smartwatches portfolio.

Garmin (GRMN) Expands European Footprint With Outdoor Maps+

Garmin (GRMN) expands its Garmin Navigation Database coverage to Europe, bolstering its Aviation business.

Garmin (GRMN) Solidifies Aviation Footprint Across Europe

Navigation database developed by Garmin brings new cost-effective choices for European customers OLATHE, Kan. , April 15, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced expanded coverage of the Garmin Navigation Database to now include Europe.

Garmin expands avionics database solutions for Europe

Got $3,000? 2 Tech Stocks to Buy and Hold for the Long Term

Josh Maxfield to assume General Counsel role from retiring Garmin veteran Andrew Etkind SCHAFFHAUSEN, Switzerland , April 8, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN), announced today that Garmin veteran Andrew Etkind is stepping down from the role of General Counsel effective July 1, 2024.

Garmin announces General Counsel transition

Garmin is a technology company specializing in GPS and wearables, such as smartwatches. The stock has experienced ups and downs over the years but is currently trading at its 1-year high of $149, having gained momentum. Fundamentals are solid, with strong revenue growth, high liquidity, and a favorable outlook for the wearables market in the US, GRMN's largest market today.

Garmin: Wearables Trends Remain Strong

SCHAFFHAUSEN, Switzerland , March 27, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its first quarter 2024 earnings conference call on Wednesday, May 1, 2024, at 10:30 a.m.

Garmin Ltd. schedules first quarter 2024 earnings call

Win marks fourth Bassmaster Classic victory with Garmin LiveScope in the last five years OLATHE, Kan. , March 26, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, is proud to celebrate Justin Hamner as the winner of the 2024 Bass Pro Shops Bassmaster Classic, Mar. 22-24, at Grand Lake O' the Cherokees in Oklahoma.

Garmin pro Justin Hamner wins the 2024 Bassmaster Classic championship

Garmin (GRMN) unveils JL Audio Custom Fit speakers, which are expected to aid its momentum among automotive customers.

Garmin (GRMN) Expands Portfolio With New JL Audio Speakers

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Rental properties can be a hassle to manage. Consider owning dividend stocks like Coca-Cola and Garmin instead.

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

Why Is Garmin (GRMN) Up 10.6% Since Last Earnings Report?

Garmin (GRMN) is set to upgrade the Cessna Citation CJ2 with its robust avionics solutions, including G600 TXi flight displays, GTN Xi navigators and GFC 600 digital autopilot.

Garmin (GRMN) to Upgrade CJ2 With Robust Aviation Solutions

STC will bring advanced capabilities to the CJ2 cockpit, including safety-enhancing and connected aircraft management technologies OLATHE, Kan. , March 19, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced an upcoming Federal Aviation Administration (FAA) Supplemental Type Certification (STC) for the  Cessna Citation CJ2, creating an all-Garmin integrated solution for the popular light jet.

Garmin unveils complete avionics modernization program for Cessna Citation CJ2

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That's despite a one-month outperformance of the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP relative to the Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY.

This Sector Ready to Outshine Key Rival, Says New Report

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Boat builder group honors Garmin marine for outstanding service and support OLATHE, Kan. , March 12, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced that it received the prestigious Supplier of the Year honor from the Independent Boat Builders, Inc. (IBBI).

Garmin receives 2024 IBBI Supplier of the Year Award

Auto Mode-capable GWX 8000 soon to be certified using GTN Xi navigators or TXi flight displays as the primary indicator OLATHE, Kan. , March 12, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced GWX™ 8000 StormOptix™ Weather Radar with Auto Mode will soon be approved for display and control via GTN Xi navigators and TXi flight displays1, expanding its interface potential beyond previously approved Garmin integrated flight decks.

Garmin brings StormOptix Weather Radar compatibility to thousands more displays

Garmin (GRMN) announces FltPlan safety management system enhancements to ease pilots' tasks.

Garmin (GRMN) Boosts Aviation Business With FltPlan SMS Updates

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Wearable technology's growth has been instrumental in reshaping healthcare by revolutionizing medical devices, health data management and pharmacy practices. The wearable tech sphere has effectively transformed personal health and fitness management, thrusting smart wearable stocks into the spotlight.

Smart Wearables: 3 Stocks to Buy to Profit From the Health Tracking Trend

Report offers key insights and information into SOS trends from around the world OLATHE, Kan. , Feb. 29, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2023 inReach® SOS Report , highlighting trends involving SOS incidents reported to Garmin Response℠ during the past calendar year.

Garmin releases annual inReach SOS Report

Global positioning satellite-based (GPS) navigation was once only available through stand-alone GPS devices. Many analysts believed the widespread penetration of smartphone-based GPS navigational apps in the computer and technology sector, like Alphabet Inc. NASDAQ: GOOGL owned Google Maps and Waze, Apple Inc. NASDAQ: AAPL owned Apple Maps and MapQuest would have surely been the death of GPS devices.

News for Garmin Stock (GRMN)