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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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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A strong holiday season helped the GPS device company extend its growth streak.

Garmin Notches Its 5th Straight Year of Revenue Growth

Does Garmin (GRMN) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Garmin (GRMN) is a Great Momentum Stock to Buy

Garmin (NASDAQ: GRMN) shares have advanced more than 10% since the beginning of January, and the current share price stands around $129. The company reported Q4 results this Wednesday; total revenue has increased by 22.7%, and the Board of directors announced a dividend increase.

Garmin stock struggling at $130 resistance after better than expected Q4 results

Garmin Ltd.'s (GRMN) CEO Cliff Pemble on Q4 2020 Results - Earnings Call Transcript

Garmin's (GRMN) fourth-quarter sales reflect strong momentum across marine, outdoor and fitness segments.

Garmin (GRMN) Q4 Earnings & Sales Beat Estimates, Up Y/Y

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (NASDAQ: GRMN), today announced results for the fourth quarter and fiscal year ended December 26, 2020. Highlights for fourth quarter 2020 include: Total revenue of $1.35 billion, a 23% increase over the prior year quarter, led by robust growth in the marine, fitness and outdoor segments Gross margin of 58.5% compared to 58.0% in the prior year quarter Operating margin improved to 27.5% compared to 25.1% in the prior year quarter Operatin

Garmin reports fourth quarter results

Garmin (NASDAQ:GRMN) unveils its next round of earnings this Wednesday, February 17. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Garmin's Earnings Outlook

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Enduro™ ultraperformance GPS watch, featuring customizable power management modes and a Power Glass™ solar charging lens that harvests the power of the sun to extend battery life up to 65 days1. Enduro introduces advanced training features and key performance monitoring tools tailored to help endurance athletes better train and perform at their peak. “Built to last during any tr

Endurance athletes can now go the distance with Garmin Enduro, the GPS multisport watch with superior battery life

Garmin's (GRMN) fourth-quarter 2020 results are likely to reflect strength across fitness, marine and outdoor segments.

Garmin (GRMN) to Report Q4 Earnings: What's in the Offing?

The GPS device giant reports its holiday results in just a few days.

Garmin Earnings: Trends to Watch

Garmin hit record highs on Thursday and it might be worth buying as it heads into the release of its fourth quarter 2020 financial results on February 17.

Buy Garmin Stock at Highs Before Earnings as Long-Term Tech Play?

Garmin (GRMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Garmin (GRMN) Earnings Expected to Grow: Should You Buy?

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced a long-term agreement to provide the state-of-the-art Garmin G3000® integrated flight deck to Joby Aviation for their revolutionary all-electric vertical takeoff and landing (eVTOL) aircraft, which is expected to commence commercial operations in 2024. Garmin has decades of experience deploying certified avionics solutions to new markets and this is continued with the touchscreen G30

Garmin G3000 integrated flight deck selected by Joby Aviation for revolutionary eVTOL aircraft

Royal Philips

Garmin Ltd. (NASDAQ: GRMN) updates the patent lawsuit filed by Philips North America, LLC, and Koninklijke Philips NV (NYSE: PHG).

ITC Initial Review Finds Philips' Asserted Patents Did Not Cover Garmin's Wearable Device

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced total victory in a trade lawsuit brought by Philips North America, LLC and Koninklijke Philips NV against Garmin. An Administrative Law Judge (ALJ) at the International Trade Commission (ITC) issued an initial determination on Feb. 4, 2021, finding that Philips' asserted patents were invalid and did not cover Garmin's popular wearable devices. “Garmin is very pleased with the ALJ's

Garmin prevails in Philips patent dispute

Garmin Ltd unveiled its smallest smartwatch, Lily, with health and wellness monitoring features aimed towards women.

Garmin Launches Lily Smartwatches To Tap Women Wearables Market

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced Lily™, the small and fashionable smartwatch women have been waiting for. Available in two models, Classic and Sport, the 34mm watch case, T-bar lug style, subtly patterned lens, and various color options make Lily ideal for women seeking a fashion-forward alternative to what's currently available on the smartwatch market. Garmin has intensified its focus on creating products and fea

Garmin unveils Lily, its smallest smartwatch with big style

Garmin (GRMN) receives Supplemental Type Certification from FAA for GFC 600 digital autopilot usage in Beechcraft King Air C90 aircraft and E90 aircraft.

Garmin (GRMN) GFC 600 Autopilot Certification to Aid Aviation Unit

Garmin Ltd. (NASDAQ: GRMN) has received European Union Aviation Safety Agency (EASA) approval for its GI 275 electronic flight instrument.

Garmin Wins EASA Approval For GI 275 Electronic Flight Instrument

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), is pleased to announce that the popular GI 275 electronic flight instrument has received European Union Aviation Safety Agency (EASA) approval, allowing installation in over 1,000 single-engine and multi-engine aircraft models. Several variants of the GI 275 are available to meet the needs of business and general aviation aircraft. A powerful electronic flight instrument, the GI 275 is suitable as a

Garmin announces EASA approval for the GI 275 electronic flight instrument

The business is firing on all cylinders, and there's a cushion in case of a market crash.

Is Garmin Stock a Buy?

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced it has received a 2020 On-Time Delivery Award from Airbus Helicopters, Inc. for its efficient performance related to product delivery. Garmin avionics are available as standard on select Airbus Helicopters, including the H125, H130, H135 and H145. Each year, Airbus Helicopters, Inc. recognizes suppliers who stand out in performance, competitiveness and reliability. This is the second

Garmin Honored with Consecutive On-Time Delivery Awards from Airbus Helicopters

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2020 earnings conference call that will be broadcast over the Internet on Wednesday, February 17, 2021 at 10:30 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on February 17, 2021. What: Garmin Ltd. Fourth Quarter 2020 Earnings Call When: Wednesday,

Garmin Ltd. schedules its fourth quarter 2020 earnings call

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The great thing about fitness stocks is that they are not just a short-term play in the stock market. These 7 should be healthy year-round.

7 Fitness Stocks to Help You Meet Your New Year's Resolution

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that it received its 11th Supplier of the Year award from Embraer in a virtual ceremony last month. The Supplier of the Year distinction was presented to Garmin in the Electric and Electronic Systems category for its G3000® Prodigy Touch flight deck systems in the Phenom 100EV and Phenom 300E. “We are honored to receive consecutive Supplier of the Year awards from Embraer,” said Carl

News for Garmin Stock (GRMN)