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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GDM 4500 and GDM450R can replace aging DME solutions and provide modern Garmin featuresState-of-the-art products offer cost-effective way to upgrade DME capabilities on many aircraftNew solutions allow pilots to receive multiple DME stations with compatible avionicsOLATHE, Kan., July 16, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced its new distance measuring equipment (DME) products – the GDM 4500 and GDM 450R. These digital, state-of-the-art, remote-mount DME radios are designed to provide slant-distance information on select Garmin flight decks and displays. Both products can allow pilots to track two separate DME's simultaneously. Compatible Garmin avionics can also automatical
Track, monitor and communicate with those above – and below – the surface for greater situational awareness while exploring the depths OLATHE, Kan., July 15, 2025 /PRNewswire/ --/July 15, 2025/PR Newswire – Garmin (NYSE:GRMN) today announced the Descent™ S1 Buoy, a revolutionary addition to the Garmin dive lineup that helps strengthen diver communication and enhances peace of mind for divers and crew. Using Garmin's unique SubWave™ sonar networking, the buoy integrates seamlessly with Garmin dive computers to help crew members on the surface track and monitor up to eight divers—and exchange preset messages with those using a compatible dive computer and Descent T2 transceiver. For increased
Google Maps app arrives to the Connect IQ Store, providing directions on the wrist OLATHE, Kan., July 8, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced the Google Maps app is now available for free in the Connect IQ™ Store, providing simple, turn-by-turn directions on compatible Garmin smartwatches, including select Venu®, Forerunner®, vívoactive® and fenix® products. After users input a destination into Google Maps on their Android™ smartphone, the app will send notifications to their watch, letting them know about each upcoming turn while they walk, run or cycle. "W
Industry's first hands-free kayak propulsion system allows anglers to focus on fishing OLATHE, Kan., July 8, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced Force® Current—a trolling motor that redefines kayak fishing with a first-of-its-kind hands-free wireless throttle and steering control system. This all-in-one solution allows anglers to navigate, troll and fight fish without ever setting the rod down. Delivering legendary Force performance, it features a brushless motor purpose-built for kayak anglers with full forward and reverse thrust that makes it easy to navigate in any direction, weave through tight
SCHAFFHAUSEN, Switzerland, July 2, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its second quarter 2025 earnings conference call on Wednesday, July 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 July 30, 2025. What: Garmin Ltd. Second Quarter 2025 Earnings Call When: Wednesday, July 30, 2025, at 10:30 a.m. EDT Where: Join the live webcast at https://www.garmin.com/en-US/investors/events/. An archive
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
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
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.
Advanced marine stereo features a reimagined internal amplifier, faster processing and high-resolution audio for unparalleled sound quality OLATHE, Kan., June 19, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the premium Fusion Apollo™ RA800 marine stereo that brings reimagined design and powerful audio performance to boaters everywhere. Designed specifically for marine environments, the Apollo RA800 offers high-resolution, lossless audio and Wi-Fi® connectivity for exceptional sound performance and seamless streaming. The stereo also features a more powerful internal amplifier and drives up to four speakers
Lightweight band tracks sleep stages, HRV status, breathing variations, skin temperature and more—all while maximizing comfort OLATHE, Kan., June 18, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced the Index™ Sleep Monitor, an ultra-comfortable and lightweight smart sleep band that tracks sleep for a more comprehensive view of overall fitness and recovery. Featuring up to 7 nights of battery life with continuous Pulse Ox tracking, the Index Sleep Monitor is worn on the upper arm and tracks sleep stages, heart rate variability (HRV) status, breathing variations, skin temperature and more to calculate a sleep score for users and provide valuable insights about their health1. After a n
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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
SCHAFFHAUSEN, Switzerland, July 2, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its second quarter 2025 earnings conference call on Wednesday, July 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 July 30, 2025. What: Garmin Ltd. Second Quarter 2025 Earnings Call When: Wednesday, July 30, 2025, at 10:30 a.m. EDT Where: Join the live webcast at https://www.garmin.com/en-US/investors/events/. An archive
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
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/.
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
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