Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
IPO Year: 2000
Exchange: NASDAQ
Website: garmin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $155.00 → $138.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/13/2024 | $181.00 → $133.00 | Equal Weight → Underweight | Barclays |
| 5/22/2024 | $165.00 → $150.00 | Neutral → Underperform | BofA Securities |
| 1/8/2024 | $135.00 | Overweight → Neutral | JP Morgan |
| 7/5/2023 | $115.00 | Overweight | JP Morgan |
| 4/19/2023 | Sector Weight | KeyBanc Capital Markets | |
| 11/9/2022 | $97.00 | Equal Weight | Barclays |
| 8/2/2022 | $137.00 → $109.00 | Buy → Neutral | BofA Securities |
| 3/18/2022 | $165.00 → $140.00 | Neutral → Buy | BofA Securities |
| 2/17/2022 | $141.00 → $127.00 | Equal-Weight | Morgan Stanley |
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Leading international boat builder group honors Garmin marinefor outstanding service and support for second year in a row OLATHE, Kan., March 20, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced it was awarded the prestigious Supplier of the Year distinction by Independent Boat Builders, Inc. (IBBI). The marine industry's largest purchasing cooperative, IBBI is comprised of a 15-owner network of leading boat brands that collectively build more than 25% of all boats sold in the U.S. Each year, IBBI recognizes one company that stands out among its all its suppliers for providing outstanding service, support and
Award honors Garmin for superior service, support and innovation OLATHE, Kan., March 19, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) is proud to announce it received the prestigious Supplier of the Year honor from Cirrus Aircraft at PX25, their Supplier Conference held February 26 in Knoxville, Tennessee. Cirrus Aircraft, an aerospace leader in personal aviation, recognizes one strategic supplier that has exemplified outstanding performance, innovation and collaboration, playing a crucial role in advancing Cirrus's mission and vision. "It is an honor to be recognized as the Suppl
In its next phase, the Health and Happiness Study aims to collect wellbeing data from over 10,000 global participants using surveys, Garmin smartwatches, and smartphones OLATHE, Kan., March 18, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), in collaboration with researchers at Harvard University and the University of Oxford, today announced the early results from the first largescale study of its kind in this field, which seeks to identify predictors of happiness and wellbeing using data from smartwatches and smartphones to inform global public policies and product development. As the exclusive smartwatch provider, Garmin plays a critical role by leveraging the high-quality sensor data of its pr
Announcement marks first certified aircraft with G3000 PRIME OLATHE, Kan., March 17, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced its industry-leading G3000® PRIME integrated flight deck has been selected by Pilatus for its new PC-12 PRO aircraft. With a modern user interface design and advanced connectivity, G3000 PRIME leverages cutting-edge technologies that can enhance safety potential and efficiency while minimizing pilot workload in every phase of flight. "We are honored to be able to bring this extraordinary flight deck to the popular PC-12 aircraft. G3000 PR
Garmin Connect data shows users have been sleeping better over the last year OLATHE, Kan., March 14, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) is celebrating World Sleep Day with a look at all the ways Garmin smartwatches can help users appreciate how a good night's sleep can enhance their well-being and performance. Insights from the Garmin Connect community show that over the last year Garmin users recorded an average sleep score of 72, up from an average score of 70 during the previous year1. Thanks to Garmin smartwatches – that can track sleep patterns, naps, stress levels, heart rate and more2 – it's easy to have a better understanding of the intricate interplay between sleep and overall
From off-road cyclists and Olympians to pilots and collegiate anglers, Garmin is proud to support these women who are making a powerful impact in their industry OLATHE, Kan., March 6, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) is celebrating International Women's Day by spotlighting some of the incredible female athletes and ambassadors who use Garmin products in their professions. From land to sea to air, Garmin makes products to fuel its customers' passions, and these women are excelling at just about everything. Garmin is proud to showcase these accomplished athletes and ambas
Next-gen Force Pro combines legendary power with superior anchor lock performance, innovative reverse thrust control and more to maximize anglers' time on the water OLATHE, Kan., March 5, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced Force® Pro – a brushless trolling motor engineered with extreme power and Garmin's most precise GPS positioning technology. It gives anglers everything they love about Force, now with multi-band GPS for superior anchor lock performance and a built-in GT56UHD, Garmin's latest and most powerful Ultra High-Definition scanning transducer. Force Pro also adds reverse thrust capabi
Revolutionary helicopter flight control system will bring advanced safety features to H130 owners and operators OLATHE, Kan., March 5, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced upcoming Supplemental Type Certificate (STC) approval of the GFC™ 600H Helicopter Flight Control System for retrofit in Airbus H130 helicopters, providing operators with an advanced flight control solution that reduces pilot workload and improves mission effectiveness. The GFC 600H provides a number of helicopter-tailored features, including attitude hold with speed stability, the innovative hover assist mode, Garmin Helicopter Electronic Stability and Protection (H-ESP™), dedicated return-to-level (LVL)
Garmin report offers key insights and information into SOS trends from around the world OLATHE, Kan., Feb. 27, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today released its 2024 inReach® SOS Report, highlighting trends involving SOS incidents reported to Garmin Response℠ during the past calendar year. The report provides insights into the activities and locations of adventurers who find themselves in need of emergency help. Since 2011, inReach satellite technology1 has helped hikers, explorers, hunters and other outdoor enthusiasts stay in touch globally with two-way text messaging, location tracking and critical SOS emergency response services. That technology was expanded in 2024 with the re
Reports record full-year revenue and profit, and proposes a 20% dividend increase SCHAFFHAUSEN, Switzerland, Feb. 19, 2025 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the fourth quarter ended December 28, 2024. Highlights for fourth quarter 2024 include: Consolidated revenue of $1.82 billion, a 23% increase compared to the prior year quarterGross margin expanded to 59.3% from 58.3% in the prior year quarterOperating margin expanded to 28.3% compared to 23.0% in the prior year quarterOperating income was $516 million, a 52% increase compared to the pri
Morgan Stanley downgraded Garmin from Equal-Weight to Underweight and set a new price target of $138.00 from $155.00 previously
Barclays downgraded Garmin from Equal Weight to Underweight and set a new price target of $133.00 from $181.00 previously
BofA Securities downgraded Garmin from Neutral to Underperform and set a new price target of $150.00 from $165.00 previously
JP Morgan downgraded Garmin from Overweight to Neutral and set a new price target of $135.00
JP Morgan resumed coverage of Garmin with a rating of Overweight and set a new price target of $115.00
KeyBanc Capital Markets initiated coverage of Garmin with a rating of Sector Weight
Barclays initiated coverage of Garmin with a rating of Equal Weight and set a new price target of $97.00
BofA Securities downgraded Garmin from Buy to Neutral and set a new price target of $109.00 from $137.00 previously
BofA Securities upgraded Garmin from Neutral to Buy and set a new price target of $140.00 from $165.00 previously
Morgan Stanley reiterated coverage of Garmin with a rating of Equal-Weight and set a new price target of $127.00 from $141.00 previously
wellteq has appointed Mr Andrew Hvzid as Head of Growth, North America.Based out of Toronto, Canada, Andrew Hvzid will be instrumental in accelerating wellteq's market share within the Corporate Wellness, Insurance and Health Provider sectors of Canada and North America, as well as leveraging the Company's existing distribution partners WTW (NASDAQ:WTW) and Garmin (NASDAQ:GRMN) in these new territories.Mr Hvzid brings over a decade of executive experience in building strategic partnerships, identifying revenue-generating opportunities and optimising resources to propel growth across the health, fitness and education sectors.Digital health is projected to be a USD 295.4 billion industry by 20
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Reports record full-year revenue and profit, and proposes a 20% dividend increase SCHAFFHAUSEN, Switzerland, Feb. 19, 2025 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the fourth quarter ended December 28, 2024. Highlights for fourth quarter 2024 include: Consolidated revenue of $1.82 billion, a 23% increase compared to the prior year quarterGross margin expanded to 59.3% from 58.3% in the prior year quarterOperating margin expanded to 28.3% compared to 23.0% in the prior year quarterOperating income was $516 million, a 52% increase compared to the pri
SCHAFFHAUSEN, Switzerland, Jan. 15, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its fourth quarter 2024 earnings conference call on Wednesday, February 19, 2025, at 10:30 a.m. EDT, 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 19, 2025. What: Garmin Ltd. Fourth Quarter 2024 Earnings Call When: Wednesday, February 19, 2025, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors
Company reports record third quarter consolidated revenue and operating income, and raises full year guidance SCHAFFHAUSEN, Switzerland, Oct. 30, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the third quarter ended September 28, 2024. Highlights for third quarter 2024 include: Consolidated revenue of $1.59 billion, a 24% increase compared to the prior year quarterGross and operating margins expanded to 60.0% and 27.6%, respectivelyOperating income of $437 million, a 62% increase compared to the prior year quarterGAAP EPS of $2.07 and pro forma EPS
Acquisition brings premium LED lighting solutions into Garmin's product portfolio OLATHE, Kan., Oct. 22, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) today announced it has acquired Lumishore, a privately-held company that designs and manufactures high-performance above and underwater LED lighting systems for boats. "Lumishore brings an exciting new product category that complements Garmin's existing marine portfolio and furthers our ability to provide seamless vessel integration. As a technology leader in LED lighting, Lumishore will expand Garmin's innovative solutions all
SCHAFFHAUSEN, Switzerland, Oct. 2, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its third quarter 2024 earnings conference call on Wednesday, October 30, 2024, at 10:30 a.m. EDT, 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 October 30, 2024. What: Garmin Ltd. Third Quarter 2024 Earnings Call When: Wednesday, October 30, 2024, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors/event
Company reports record second quarter revenue and raises full year guidance SCHAFFHAUSEN, Switzerland, July 31, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the second quarter ended June 29, 2024. Highlights for second quarter 2024 include: Consolidated revenue of $1.51 billion, a 14% increase compared to the prior year quarterGross and operating margins were 57.3% and 22.7%, respectivelyOperating income of $342 million, a 20% increase compared to the prior year quarterGAAP EPS of $1.56 and pro forma EPS(1) of $1.58, representing 9% growth in pro
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. EDT, 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 July 31, 2024. What: Garmin Ltd. Second Quarter 2024 Earnings Call When: Wednesday, July 31, 2024, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors/events/. An
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. The Board has determined that the June installment of the dividend will be paid as indicated below and currently anticipates the scheduling of the remaining quarterly dividend installments as follows: Dividend Paym
Company reports record first quarter revenue and operating income SCHAFFHAUSEN, Switzerland, May 1, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the first quarter ended March 30, 2024. Highlights for first quarter 2024 include: Consolidated revenue of $1.38 billion, a 20% increase compared to the prior year quarterAchieved record first quarter revenue in four segmentsGross margin and operating margins expanded to 58.1% and 21.6%, respectively, compared to the prior year quarterOperating income of $298 million, a 51% increase compared to the prior
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. EDT, 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 May 1, 2024. What: Garmin Ltd. First Quarter 2024 Earnings Call When: Wednesday, May 1, 2024, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors/events/. An archiv