Revenue segments as reported by the company.

Fitness

Outdoor

Aviation

Marine

Auto

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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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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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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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Stronger and lighter than ever before, the new collection is the pinnacle of premium materials, luxury and performance OLATHE, Kan. , Oct. 12, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the MARQ® Carbon collection, three luxury modern tool watches each crafted from 130 layers of Fused Carbon Fiber™.

Garmin unveils the MARQ Carbon collection: Modern tool watches crafted from uniquely engineered carbon fiber

Award honors ingenuity and outstanding product development in the recreational boating industry OLATHE, Kan. , Oct. 10, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced that its GPSMAP® 9227 with Garmin BlueNet™ was awarded a 2023 Innovation Award at the International BoatBuilders' Exhibition and Conference (IBEX) tradeshow held Oct. 3-5, 2023.

Garmin GPSMAP 9227 wins IBEX Innovation Award

Leading trade publication honors companies shaping the future of the marine industry OLATHE, Kan. , Oct. 9, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, is proud to announce it has been named the Most Innovative Marine Company for 2023 by Soundings Trade Only, a leading trade publication for the recreational boating industry.

Garmin recognized as the 2023 Most Innovative Marine Company

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Garmin (GRMN) announces a long-term agreement to provide the state-of-the-art Garmin G3000 integrated flight deck to BETA Technologies.

Garmin (GRMN) Boosts Aviation Business With Latest Move

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The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF, with a few minor twists. The portfolio fell by 6.29% in September, underperforming the S&P 500 by 1.53%. Year-to-date, the portfolio is up 6.89%. Since its inception, the portfolio has generated 1.90% of alpha over the S&P 500.

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SCHAFFHAUSEN, Switzerland , Oct. 4, 2023 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its third quarter 2023 earnings conference call on Wednesday, November 1, 2023 at 10:30 a.m.

Garmin Ltd. schedules third quarter 2023 earnings call

OLATHE, Kan. , Oct. 3, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a long-term agreement to provide the state-of-the-art Garmin G3000® integrated flight deck  to BETA Technologies for its CX300 revolutionary electric fixed-wing aircraft and A250 electric vertical takeoff and landing (eVTOL) aircraft.

Garmin integrated flight deck selected by BETA Technologies for its all-electric aircraft

Decades of Experience and Full Range of Services Ensure Compliance, Safety and Can Minimize Aircraft Downtime Missoula, Montana--(Newsfile Corp. - October 2, 2023) - Neptune Aviation, a leader in aerial firefighting and aviation services, is now an authorized Garmin dealer and can offer its customers Garmin's line of industry-leading aviation supplies and avionics solutions, including GPS navigation systems, transponders, advanced displays, and other aviation products. Neptune can also deliver comprehensive Garmin services, including system upgrades, technical support and maintenance, aircraft painting and inspections, making it a one-stop shop for the aviation industry.

Neptune Aviation to Offer Garmin Avionics Conversion Services

Garmin's (GRMN) G5000-integrated flight deck retrofits Cessna Citation Excel XLS+ and XLS Gen2 aircraft.

Garmin (GRMN) Boosts Citation Excel XLS+ Performance With G5000

Garmin (GRMN) launches vivoactive 5 to boost its smartwatch offerings and fitness segment.

Garmin (GRMN) Boosts Fitness Tracking Efforts With New Watch

Based on direct responses from aircraft owners and operators around the world, annual ranking recognizes Garmin for overall excellence in supporting customers OLATHE, Kan. , Sept. 27, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it was honored with the top spot in Aviation International News' (AIN) 2023 Avionics Product Support Survey for the 20th consecutive year.

Garmin achieves top spot in Avionics Product Support Survey for 20th consecutive year

Certification will expand the successful G5000 upgrade program for Citation Excel and Citation XLS OLATHE, Kan. , Sept. 26, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it will expand its portfolio of G5000® integrated flight deck retrofit upgrades to include the popular Cessna Citation XLS+ and XLS Gen2 aircraft.

Garmin announces G5000 integrated flight deck retrofit coming soon for Cessna Citation XLS+ and XLS Gen2 aircraft

For nine years running, Garmin earns top NMEA honors and adds five Product of Excellence Awards to its winning streak OLATHE, Kan. , Sept. 26, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, has been named Manufacturer of the Year in the large manufacturer category for the ninth consecutive year by members of the National Marine Electronics Association (NMEA®) at its annual conference and awards banquet held Sept.

Garmin named 2023 Manufacturer of the Year by the National Marine Electronics Association

On-wrist fitness coaching, personalized health insights, detailed sleep stats and more are packed into the newest smartwatch with a stunning AMOLED display—all at an affordable price OLATHE, Kan. , Sept. 20, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced vívoactive® 5, its latest health and fitness smartwatch with a bright AMOLED touchscreen display that is designed to be an essential part of everyday life at an affordable price.

Introducing the vívoactive 5 GPS smartwatch from Garmin

JL Audio technology will be integrated into Garmin's marine segment OLATHE, Kan. , Sept. 20, 2023 /PRNewswire/ -- Garmin Ltd.

Garmin completes acquisition of JL Audio

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Garmin (GRMN) receives certification from the FAA for GFC 500 digital autopilot use in the Cessna 177/177A Cardinal and the Beechcraft T34A/T34B Series.

Garmin's (GRMN) New GFC 500 Certification to Aid Aviation Unit

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Garmin (GRMN) unveils the GPSMAP 9000 chartplotter series, offering comprehensive connectivity with faster networking speeds.

Garmin (GRMN) Boosts Marine Segment With New Chartplotters

Flagship MFD series delivers superior design and performance, plus enhanced connectivity and speed with the new Garmin BlueNet gigabit network     OLATHE, Kan. , Sept. 12, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today unveiled its flagship GPSMAP® 9000 chartplotter series designed for captains who demand the best.

Garmin introduces the GPSMAP 9000 series, the recreational marine market's largest chartplotters with 4K resolution

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Garmin (GRMN) launches two new magnetron dome radars, namely the GMR 18 xHD3 and the GMR 24 xHD3.

Garmin (GRMN) Boosts Marine Offerings With its New Radars

New magnetron radomes offer premium features for maximum clarity, accuracy and awareness OLATHE, Kan. , Sept. 6, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the addition of two radars to the magnetron lineup, the GMR™ xHD3/HD3 dome radar series.

News for Garmin Stock (GRMN)