• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Garmin Ltd. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    4/30/25 7:00:09 AM ET
    $GRMN
    Industrial Machinery/Components
    Industrials
    Get the next $GRMN alert in real time by email
    8-K
    0001121788false00011217882025-04-302025-04-30

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    FORM 8-K

    Current Report

    Pursuant to Section 13 or 15(d) of

    the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): April 30, 2025

    GARMIN LTD.

    (Exact name of registrant as specified in its charter)

     

    Switzerland

     

    001-41118

     

    98-0229227

    (State or other jurisdiction
    of incorporation)

     

    (Commission
    File Number)

     

    (I.R.S. Employer
    Identification No.)

    Mühlentalstrasse 2

    8200 Schaffhausen

    Switzerland

    (Address of principal executive offices)

    Registrant’s telephone number, including area code: +41 52 630 1600

    (Former name or former address, if changed since last report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading Symbol(s)

     

    Name of each exchange on which registered

    Registered Shares, $0.10 Per Share Par Value

     

    GRMN

     

    New York Stock Exchange

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     


     

    Item 2.02. Results of Operations and Financial Condition

    On April 30, 2025, Garmin Ltd. (“the Company”) issued a press release announcing its financial results for the fiscal first quarter ended March 29, 2025. A copy of the press release is attached as Exhibit 99.1.

    The information in Item 2.02 and Exhibit 99.1 to this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Unless expressly incorporated into a filing of Garmin Ltd. under the Securities Act of 1933, as amended, or the Exchange Act made after the date hereof, the information contained in Item 2.02 and Exhibit 99.1 hereto shall not be incorporated by reference into any filing of the registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

    Item 9.01. Financial Statements and Exhibits

     

    (d) Exhibits. The following exhibits are furnished herewith.

     

    Exhibit No.

    Description

    99.1

    Press Release dated April 30, 2025

    104

    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101)

     

    1


     

    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

     

    GARMIN LTD.

     

     

    April 30, 2025

    /s/ Joshua H. Maxfield

     

    Joshua H. Maxfield

     

    Vice President and General Counsel

     

    2


    Get the next $GRMN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $GRMN

    DatePrice TargetRatingAnalyst
    10/7/2024$155.00 → $138.00Equal-Weight → Underweight
    Morgan Stanley
    9/13/2024$181.00 → $133.00Equal Weight → Underweight
    Barclays
    5/22/2024$165.00 → $150.00Neutral → Underperform
    BofA Securities
    1/8/2024$135.00Overweight → Neutral
    JP Morgan
    7/5/2023$115.00Overweight
    JP Morgan
    4/19/2023Sector Weight
    KeyBanc Capital Markets
    11/9/2022$97.00Equal Weight
    Barclays
    8/2/2022$137.00 → $109.00Buy → Neutral
    BofA Securities
    More analyst ratings

    $GRMN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Garmin downgraded by Morgan Stanley with a new price target

      Morgan Stanley downgraded Garmin from Equal-Weight to Underweight and set a new price target of $138.00 from $155.00 previously

      10/7/24 7:54:15 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Garmin downgraded by Barclays with a new price target

      Barclays downgraded Garmin from Equal Weight to Underweight and set a new price target of $133.00 from $181.00 previously

      9/13/24 7:33:19 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Garmin downgraded by BofA Securities with a new price target

      BofA Securities downgraded Garmin from Neutral to Underperform and set a new price target of $150.00 from $165.00 previously

      5/22/24 7:28:24 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials

    $GRMN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President and CEO Pemble Clifton A sold $1,605,510 worth of Registered Shares (7,899 units at $203.25), decreasing direct ownership by 5% to 141,626 units (SEC Form 4)

      4 - GARMIN LTD (0001121788) (Issuer)

      6/17/25 5:18:26 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Director Burrell Jonathan gifted 1,320,098 units of Registered Shares and received a gift of 645,366 units of Registered Shares (SEC Form 4)

      4 - GARMIN LTD (0001121788) (Issuer)

      6/16/25 2:27:18 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Director Ball Susan M. was granted 858 units of Registered Shares and covered exercise/tax liability with 273 units of Registered Shares, increasing direct ownership by 46% to 1,850 units (SEC Form 4)

      4 - GARMIN LTD (0001121788) (Issuer)

      6/9/25 5:30:23 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials

    $GRMN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Meet quatix 8: the most advanced purpose-built smartwatch for mariners from Garmin

      Rugged nautical watch includes new built-in speaker and mic with chartplotter voice command capabilities, larger AMOLED display and more durable design OLATHE, Kan., June 25, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced quatix® 8 – the ultimate nautical smartwatch purpose-built for life on and off the water. With a new built-in speaker and microphone, it's easier to control the helm2 or answer a phone call3 while staying focused on the water. Available in two sizes – 47mm and 51mm – both models feature a 1.4-inch AMOLED display, scratch-resistant sapphire lens and tough titanium bezel, while new leakproof b

      6/25/25 7:01:00 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Garmin brings FAA Data Comm to market through GTN 750Xi series certification

      Streamlined communications between air traffic control and the cockpit is now available to the broad retrofit aviation market OLATHE, Kan., June 25, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced the expansion of its FAA Data Comm solution to now include the broad retrofit market with over 25 makes and models added to the FAA Data Comm participation list. Previously available from Garmin on integrated flight decks, FAA Data Comm is now available for GTN 750Xi series navigators through integration with the GDR 66 VHF data link (VDL) Mode 2 transceiver. When paired with Garmin's TXi™ flight displays, additional features are enabled through enhanced push-to-load functionality. This cap

      6/25/25 6:59:00 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Bring your cycling climbs inside with the Tacx Alpine from Garmin

      Gradient simulator raises the bar on indoor cycling by replicating climbs and creating a fully immersive riding experience OLATHE, Kan., June 24, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced Tacx® Alpine, a gradient simulator that raises and lowers the front of a bike during an indoor ride to replicate climbs and provide more natural movement. Featuring an exclusive design that accommodates the motion of Tacx NEO 2T and 3M smart trainers, Tacx Alpine builds upon that powerful, immersive ride experience by mimicking grades from up to 25% and down to -10% and enabling steering1 to create a more realistic ride for cyclists as they virtually explore and train indoors.

      6/24/25 7:02:00 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials

    $GRMN
    SEC Filings

    See more
    • SEC Form 11-K filed by Garmin Ltd.

      11-K - GARMIN LTD (0001121788) (Filer)

      6/25/25 4:21:23 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Garmin Ltd. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

      8-K - GARMIN LTD (0001121788) (Filer)

      6/12/25 4:30:15 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • SEC Form SD filed by Garmin Ltd.

      SD - GARMIN LTD (0001121788) (Filer)

      5/28/25 12:50:19 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials

    $GRMN
    Financials

    Live finance-specific insights

    See more
    • Garmin shareholders approve quarterly dividend through March 2026

      Company announces record date and payment date for June 2025 dividend installment SCHAFFHAUSEN, Switzerland, June 6, 2025 /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 $3.60 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

      6/6/25 2:22:00 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Garmin Ltd. schedules first quarter 2025 earnings call

      SCHAFFHAUSEN, Switzerland, March 26, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its first quarter 2025 earnings conference call on Wednesday, April 30, 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 April 30, 2025. What: Garmin Ltd. First Quarter 2025 Earnings Call When: Wednesday, April 30, 2025, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors/events/.

      3/26/25 7:00:00 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Garmin announces fourth quarter and fiscal year 2024 results

      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

      2/19/25 7:00:00 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials

    $GRMN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Garmin Ltd.

      SC 13G - GARMIN LTD (0001121788) (Subject)

      10/18/24 12:05:36 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • Amendment: SEC Form SC 13G/A filed by Garmin Ltd.

      SC 13G/A - GARMIN LTD (0001121788) (Subject)

      10/4/24 8:06:54 AM ET
      $GRMN
      Industrial Machinery/Components
      Industrials
    • SEC Form SC 13G/A filed by Garmin Ltd. (Amendment)

      SC 13G/A - GARMIN LTD (0001121788) (Subject)

      2/13/24 5:04:49 PM ET
      $GRMN
      Industrial Machinery/Components
      Industrials

    $GRMN
    Leadership Updates

    Live Leadership Updates

    See more
    • Wellteq Digital Health Inc. Launches North America Growth Division

      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

      3/31/22 9:37:00 AM ET
      $GRMN
      $WTW
      Industrial Machinery/Components
      Industrials
      Specialty Insurers
      Finance