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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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

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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Free cash flow

The tech producer has a diverse portfolio.

3 Things About Garmin That Smart Investors Know

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If Garmin (NYSE: GRMN) has anything to its credit, and it has quite a lot, it has diversification. This technology powerhouse makes and markets a wide range of gadgets and components used by governments, businesses and individuals in use cases that span all verticals.

The Bottom Is In For Garmin Stock

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Shares of Garmin Ltd (NASDAQ: GRMN) are up more than 5.0% on Wednesday after the technology company reported better-than-expected results for its fiscal fourth quarter. Garmin's outlook for the full year For 2023, the Kansas-based company now forecasts $5.0 billion in revenue – about a 3.0% annualised growth, as per the earnings press release.

Garmin Q4 results: ‘they're leader in fitness and marine lifestyle'

Garmin's (GRMN) fourth-quarter sales results benefit from strong growth in the aviation segment despite weakness in the fitness and auto businesses.

Garmin's (GRMN) Q4 Earnings & Sales Beat Estimates, Down Y/Y

Garmin Ltd. (NYSE:GRMN ) Q4 2022 Earnings Conference Call February 22, 2023 10:30 AM ET Company Participants Teri Seck - Director IR Clifton Pemble - President and CEO Doug Boessen - CFO Conference Call Participants Paul Chung - JPMorgan George Wang - Barclays David MacGregor - Longbow Research Benjamin Bollin - Cleveland Research Company Erik Woodring - Morgan Stanley Ivan Feinseth - Tigress Financial Partners Operator Good morning, and thank you for standing by.

Garmin Ltd. (GRMN) Q4 2022 Earnings Call Transcript

Company reports record full year revenue for three reportable segments SCHAFFHAUSEN, Switzerland , Feb. 22, 2023 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the fourth quarter ended December 31, 2022.

Garmin announces fourth quarter and fiscal year 2022 results

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Crew members will wear Garmin fēnix 7 adventure watches to help scientists understand how space travel affects the human body OLATHE, Kan. , Feb. 7, 2023 /PRNewswire/ -- Garmin smartwatches will play an important role in an upcoming Polaris Dawn human spaceflight, with highly accurate health data gleaned from fēnix ® 7 adventure watches providing 24/7 insights into the impact of space travel on the human body.

Garmin smartwatches reach new heights with Polaris Dawn space mission

Stylish hybrid smartwatch blends a classic analog design with  essential health, fitness and smart features OLATHE, Kan. , Feb. 1, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced vívomove® Trend , a hybrid smartwatch with a classic analog design plus essential smart features such as smartphone notifications and Garmin Pay ™ contactless payments.

Get a perfect look around the clock with vívomove Trend from Garmin

New Fusion stereo offers additional audio zone, hideaway design and high-fidelity audio streaming OLATHE, Kan. , Jan. 31, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the update of the Fusion-branded Apollo™ Series with the release of the Apollo WB675 Marine Hideaway Stereo.

Garmin releases 4-zone compact stereo for boat lovers who value a premium audio experience and dash space

Garmin is the latest company to give its users the ability to take an ECG reading from their wrist. The company is launching a new ECG app that allows users to record their heart rhythm and check for signs of atrial fibrillation (AFib), the company announced on Tuesday.

Garmin launches a new FDA-cleared ECG app for the Venu 2 Plus

The FDA-cleared feature will be available for US customers who have the Venu 2 Plus.

Garmin Announces ECG App for Smartwatch

FDA-cleared and clinically-validated app lets Venu 2 Plus customers record an ECG and check for signs of atrial fibrillation right from their smartwatch OLATHE, Kan. , Jan. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the ECG App 1, an FDA-cleared app for the Venu® 2 Plus smartwatch that allows users to record their heart rhythm and check for signs of atrial fibrillation (AFib) anytime, anywhere.

Understand your body better with the new ECG App from Garmin

SCHAFFHAUSEN, Switzerland , Jan. 23, 2023 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its fourth quarter 2022 earnings conference call on Wednesday, February 22, 2023, at 10:30 a.m.

Garmin Ltd. schedules fourth quarter 2022 earnings call

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New chartplotters offer easy-to-use touchscreen with keyed assist,  Garmin's best-in-class sonar, built-in mapping and more OLATHE, Kan. , Jan. 11, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced new ECHOMAP™ UHD2 series chartplotters that offer anglers premium features like Ultra High-Definition sonar, preloaded Garmin Navionics+™ mapping with an included one-year subscription to daily map updates, wireless networking for data sharing and support for Garmin's award-winning LiveScope™ live-scanning sonar.

Garmin expands popular ECHOMAP UHD2 chartplotter series with new features and touchscreen design to help take your fishing to the next level

ECHOMAP chartplotter series offers Garmin's best built-in mapping solution  that delivers access to daily chart updates, new Auto Guidance+ technology and more   OLATHE, Kan. , Jan. 11, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced its newest marine mapping solution, Garmin Navionics+™, is now available preloaded into select ECHOMAP™ Ultra and ECHOMAP UHD2 series chartplotters.

Garmin Navionics+ marine mapping now available in ECHOMAP series chartplotters

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All-new, high-performance Baja Race and Baja Chase Editions feature built-in inReach satellite communication for live tracking and messaging to help give teams the winning edge OLATHE, Kan. , Jan. 10, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Tread® XL – Baja Race  and Tread XL – Baja Chase  Editions of high-performance, off-road navigators, purpose-built for high-speed race vehicles and support trucks.

Crush the competition with the Tread XL - Baja series, off-road racing navigators from Garmin

Garmin (GRMN) announces an always-connected LTE dash cam, Dash Cam Live, to expand its automotive solutions portfolio.

News for Garmin Stock (GRMN)