Garmin Ltd (GRMN)

Garmin unveils AXIS, a new generation of highly integrated flight displaysJuly 8, 2026 11:15 AM
PR Newswire (US) First-of-its-kind system combines flight display, IFR GPS, NAV/COMM and audio panel capability into a single display for certified, experimental and LSA (MOSAIC) aircraftOLATHE, Kan., July 8, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced AXIS™, an all-new family of flight displays, designed from the ground up to offer a highly integrated and flexible cockpit display solution. AXIS brings Garmin's latest avionics technology to certified piston-powered single and twin1 engine aircraft via an expansive AML STC covering hundreds of models, as well as experimental and LSA aircraft. In an industry-first, AXIS flight displays come in a variety of models that can include a built-in IFR GPS, NAV/COMM radio, and audio panel capability – creating an integrated solution that enhances the user experience, reduces aircraft weight, and simplifies installation. Also compatible with many of the same navigators, radios, modules and sensors as Garmin's popular G3X Touch™ flight displays, AXIS features an easy upgrade path, including leveraging the same panel cutouts and mounting points. "AXIS redefines Garmin's flight display portfolio and brings industry-first capability to a single flight display. This game-changing flight display system delivers a modern, highly capable cockpit experience while significantly reducing time, complexity and cost of installation through integration of navigation, communication and audio functions into a single flight display. The visual design elements and crisp user interface bring together decades of Garmin innovation in a familiar yet modern design. AXIS sets the new standard for what pilots can expect from an integrated flight display system." 
–Carl Wolf, Garmin Vice President Aviation Sales, Marketing, Programs & Support A next-level flight display systemThe AXIS family of flight displays features three display sizes — 11.6-inch landscape, 8-inch portrait1 and 8-inch landscape1— that include highly responsive touchscreen displays as well as physical controls for quick access to key functions. Each display can be configured as a primary flight display (PFD) or multi-function display (MFD) with an optional engine indication system (EIS). Pilots can maximize their situational awareness with full-screen or split-screen options, leveraging a familiar yet modernized user interface. The flight displays are configurable for both experimental and certified aircraft and provide incredible flexibility for installation across many aircraft types.First-of-its-kind integrationAXIS 11.6-inch displays are optionally available with a TSO certified IFR GPS, COMM radio, NAV radio and audio panel all built into a single display. This combined capability from a single display creates a highly integrated panel experience and enables a simpler and more cost-effective installation. The VHF COMM radio offers 10 watts of transmit power, supports 8.33khz frequency tuning and standby COMM monitoring, allowing pilots to monitor a standby frequency while tuned to the active ATC frequency. Pilots can access the flight plan across displays and easily load waypoints or VORs, holds, GPS and ILS procedures and more. The built-in 4-place intercom audio panel includes dual-comm switching with support for one external radio, comm playback and Bluetooth capability for music and phone calls. Available in three certified (TSO) variants, the base version offers a PFD/MFD, while the GPS/COMM and GPS/NAV/COMM models include an IFR GPS and integrated audio panel. Experimental and LSA aircraft can leverage both certified and non-TSO versions of the 11.6-inch displays.Enhanced situational awarenessImportant information is easily accessible on the PFD including primary flight data, as well as the horizontal situation indicator (HSI) which can include an embedded map or traffic view. Widgets provide additional situational awareness on the PFD by displaying three compact views of MFD functions including map, flight plan, weather, traffic and more. Enhanced Synthetic Vision Technology (SVT™) provides 3D depictions of terrain, obstacles, runway and taxiway markings and more, allowing for pilots to clearly interpret their surroundings. Pathway rectangles will help pilots to visualize the highway in the sky, depicting their flight path including enroute legs, flight track, course intercepts and more. Additionally, 3D SafeTaxi® provides pilots with a three-dimensional, exocentric view of the airport environment directly on their PFD, reducing potential confusion by giving a clear, localized picture of taxiways, runways, hangars and surrounding buildings.The MFD features dynamic mapping, ADS-B traffic2, weather2, waypoint information (including terminal charts) and expanded EIS. Additionally, an HDMI video input on each display allows for live-camera video monitoring.Innovative safety toolsAXIS supports many of Garmin's award-winning safety enhancing technologies. A dedicated emergency button is located on the display bezel, allowing pilots to quickly access emergency procedure options if needed. Smart Glide™ – a Garmin Autonomí™ technology – helps pilots in loss of engine power emergencies by efficiently navigating to an airport in range and, if the aircraft is equipped with either a GFC™ 500 or GFC 600, the system can auto-engage to fly the aircraft enroute.Terminal safety solutions include award-winning Runway Occupancy Awareness (ROA), a solution that uses ADS-B traffic to alert the crew of potential runway incursions caused by nearby airborne aircraft, taxiing aircraft and ground vehicles. Additionally, optional SurfaceWatch™ runway monitoring technology provides general situational awareness in airport environments as well as visual and aural cues to help prevent pilots from taking off or landing on a taxiway.Advanced engine monitoring The EIS within AXIS provides aircraft with real-time data to help better manage engine operation and protect aircraft engines. Large, prominent engine gauges provide color-coded pointers and data bands that indicate normal operating ranges, cautions and exceedances. Bar gauges display numerical values for additional precision. With an interface adapter and sensors, AXIS can serve as the primary EIS display in piston-powered aircraft equipped with most normally aspirated or turbocharged 4- to 6-cylinder engines, plus radial and turbine-powered experimental aircraft3. Upon landing, flight and engine data logs can be automatically uploaded to flyGarmin.com via the Garmin Pilot™ app or the GDL® 60 datalink1 and PlaneSync™ service. Pilots can optionally choose to share these logs with analysis services such as FlySto or SavvyAviation to gain deeper insights on engine health, maintenance updates, flight analysis and more.Stay connectedAdvanced connectivity options allow pilots to stay more connected than ever before. Built-in Wi-Fi and Bluetooth allow pilots to connect with Garmin Pilot in-flight as well as share GPS, traffic, weather, flight plans and more. PlaneSync, powered by the GDL 60 datalink1, will support automatic database downloads3, remote aircraft status4 as well as automatic flight log uploading. A built-in USB-C data port supports data transfer capabilities like downloading databases and offloading flight logs. The USB-C port will also support device charging up to 27W. Additionally, Database Concierge allows pilots to download updates to their Garmin Pilot app and wirelessly transfer to their compatible avionics via a compatible mobile device.Team X simplifies installationsTeam X – the experimental aircraft specialists at Garmin – were the voice for experimental builders and pilots throughout the development of AXIS. Composed of engineers, pilots and aircraft builders, they understand the flexibility and affordability needed to execute an experimental aircraft build. That's why AXIS features a streamlined, easy upgrade path from G3X Touch that utilizes most existing sensors, LRUs and even the same panel cutout and existing mounting holes. Simplified wiring, configuration and additional built-in I/O makes AXIS an even faster and more scalable system. Team X is committed to providing support throughout AXIS upgrades for experimental aircraft builders.Available for certified and experimental aircraftThe AXIS 11.6-inch flight displays have achieved FAA/EASA Technical Standard Order (TSO) and will be available in July. The 8-inch displays are expected to be available in early 2027. The FAA Supplemental Type Certificate (STC) will cover hundreds of models of certified Part 23 Class I/II piston singles and twins1. STC approvals with other civil aviation authorities are expected in the near future. For more information, visit Garmin.com/AXIS.Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world's first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention. Visit the Garmin Newsroom, email our media team, connect with @garminaviation on social, or follow our blog.1 Certified Twin EIS, 8-inch displays and GFC 600 compatibility coming soon.
2 Compatible datalink required; sold separately.
3 Active PlaneSync and database subscriptions required for automatic database updates. Active PlaneSync subscription plan required for flight log uploading. Features are available on-ground only and requires GDL 60 to have active LTE or Wi-Fi connectivity; signal strength and other factors may apply. See Garmin.com/PlaneSyncCoverage for LTE coverage details.
4 Remote aircraft status requires active PlaneSync subscription. User's smart device must have internet connectivity. Feature is available on-ground only and requires GDL 60 to have LTE connectivity; signal strength and other factors may apply. See Garmin.com/PlaneSyncCoverage for coverage details.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, SafeTaxi and GDL are registered trademarks and AXIS, G3X Touch, SVT, Smart Glide, Autonomí, GFC, SurfaceWatch, Garmin Pilot and PlaneSync are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Media Contact: Mikayla Rudolph // 913-397-8200 // media.relations@garmin.com View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-unveils-axis-a-new-generation-of-highly-integrated-flight-displays-302820124.htmlSOURCE Garmin International, Inc. Original: Garmin unveils AXIS, a new generation of highly integrated flight displays

Garmin launches LiveScope 2, its clearest live sonar yetJuly 7, 2026 6:57 AM
PR Newswire (US) Next-generation LiveScope 2 and LiveScope 2 HD deliver live sonar images with unprecedented clarity, improved range and simplified installationOLATHE, Kan., July 7, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the LiveScope™ 2 Series, the next evolution of its award-winning live-scanning sonar lineup. Widely considered one of the most influential innovations in modern fishing electronics, LiveScope lets anglers see real-time views of fish, bait and structure around the boat—now with three new transducer models that offer 20% greater resolution, improved noise reduction and expanded sonar coverage over the previous generation. "LiveScope revolutionized the way anglers approach the water by giving them a real-time view of what's happening below the surface. LiveScope 2 builds on that foundation with clearer target separation at both short and long ranges, up to 50% more detail, broader sonar coverage and a streamlined setup that eliminates the need for a black box. Better performance and fewer components give anglers a cleaner setup and more space on the boat, so they can spend less time rigging and more time fishing."
 –Susan Lyman, Garmin Vice President of Consumer Sales and Marketing Improved detail and expanded coverageIn addition to improved image clarity, the LiveScope 2 Series offers Garmin's smoothest LiveScope sonar with integrated image stabilization, reduced noise and better target separation to help anglers see fish and lures more clearly as they move through the sonar beam in real time. Wider sonar angles improve the coverage in all three modes – Forward, Down and Perspective – and fast processing speeds and low latency help anglers see fish react and time their hookset accordingly.Designed to give anglers flexibility based on how they fish, the series features three new transducers:LiveScope 2 (LVS44) builds on the proven technology of LiveScope Plus and delivers 20% more resolution and 25% more range—out to 250 feet—for anglers who want to cover more water and find fish farther from the boat.LiveScope 2 HD (LVS42HD) is optimized for castable distances out to 125 feet with Garmin's clearest live sonar ever, offering 50% more detail at closer ranges compared to the previous model.For hardwater anglers, the LiveScope 2 HD Ice Fishing Transducer delivers the same high-definition sonar with a shorter, flexible cold-water cable and convenient all-in-one power/network cable packaged with the 0-degree shaft mount in the box.Simplified, all-in-one installation All LiveScope 2 and LiveScope 2 HD transducers connect directly to a compatible Garmin multi-function display (MFD) and power source, eliminating the need for a black box and simplifying installation. Integrated sensors enhance usability, including the built-in water sensor, which automatically turns off the sonar when the transducer gets lifted out of the water, and the onboard water temperature sensor for accurate readings. LiveScope 2 and LiveScope 2 HD come with a trolling motor barrel mount and adjustable Perspective mode mount so the transducers can be easily adjusted to fit an angler's fishing techniques and preferences on the water, no tools required.For a fully connected fishing system, the LiveScope 2 Series integrates seamlessly across the Garmin marine ecosystem, with combability for accessories like the Spy™ Pole mount for independent sonar control and the GT360UHD transducer for a combined live and 360-degree view around the boat.The LiveScope 2 Series is available now with suggested retail prices ranging from of $1,999.99 to $2,199.99. To learn more, visit garmin.com/marine.Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the 11th consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). For more information, visit the Garmin Newsroom, email our media team, connect with @garminfishhunt on social, or follow the Garmin blog.1Based on 2025 sales.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and LiveScope and Spy are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements: 
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACT: 
Carly Hysell
913-397-8200
media.relations@garmin.com View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-launches-livescope-2-its-clearest-live-sonar-yet-302816590.htmlSOURCE Garmin International, Inc. Original: Garmin launches LiveScope 2, its clearest live sonar yet

Garmin Pilot update introduces new Flights page and other enhancementsJuly 6, 2026 6:59 AM
PR Newswire (US) Revolutionary SmartCharts is expanding its reach, available soon for Canada and MexicoOLATHE, Kan., July 6, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced multiple updates for the Garmin Pilot™ mobile app for Apple® devices, including flight planning enhancements with the redesigned Flights page, SmartCharts expansion to Canada and Mexico, as well as enhancements to the SmartCharts and database product for the Oshkosh FISK Arrival. "Garmin Pilot continues to evolve with innovative tools that help pilots plan and fly with greater confidence. The redesigned Flights page delivers a more intuitive flight planning experience with integrated routing, weight and balance, and fuel planning tools. The highly requested expansion of SmartCharts brings this simple, dynamic charting solution to more pilots flying in North America. And as thousands of pilots prepare to fly to EAA AirVenture Oshkosh, we're pleased to once again support them with the FISK arrival procedure in Garmin Pilot, SmartCharts and our navigation databases now with additional refinements including landing dots depicted on the runways and additional clarity on the SmartCharts procedure with enhanced labeling."
–Carl Wolf, Garmin Vice President Aviation Sales, Marketing, Programs & Support New Flights pageThe previous Trip Planning page on Garmin Pilot has been replaced with the new Flights page, now the central hub for planning and briefing every flight. It brings route planning, weight and balance, fuel planning, briefing and more into one cohesive experience, enabling pilots to manage their entire flight in a single place. Featuring a modern, intuitive user interface (UI), the Flights page streamlines planning and aligns the experience across Garmin Pilot Web and the mobile app for Apple® devices. New quickset cards further simplify weight and balance and fuel planning by allowing users to quickly enter key data. These cards can be expanded to reveal even more detailed information and serve as shortcuts to completing other planning tasks. The Flights page is available now in Garmin Pilot on Apple devices.SmartCharts expanding to Canada and MexicoThe revolutionary charting solution, SmartCharts, will soon be available to Garmin Pilot Premium users in Canada and Mexico, expanding from the initial availability in the United States and Bahamas. SmartCharts is a dynamic aviation charting solution that provides pilots a simplified and intuitive experience by producing clear and relevant data to depict a chart tailored for their specific flight operation. In addition to all the previously announced SmartCharts features, pilots in Canada and Mexico will also be able to take advantage of the Continuous Descent Final Approach (CDFA) path shown on the vertical profile view. CDFA allows pilots to descend continuously on a constant path for a non-precision approach, providing a more stable approach and reducing pilot workload. Additionally, cold weather adjustments are available for Canadian and United States airports, allowing pilots to operate to cold temperature restricted airports and see the calculations and cold weather corrections on SmartCharts.SmartCharts will be available in Canada and Mexico in August of this year. SmartCharts are included with a Garmin Pilot Premium subscription for pilots operating in the United States, Canada or Latin America regions. For pilots who fly across multiple regions, a Worldwide subscription option is also available.Oshkosh FISK arrivalGarmin Pilot will once again support pilots flying to EAA AirVenture Oshkosh 2026 by incorporating the FISK VFR Arrival in Garmin navigation database and SmartCharts products. New enhancements to the procedure and airport diagram are designed to help pilots brief and fly the arrival with greater confidence.The FISK VFR Arrival SmartCharts procedure now includes additional labels to help pilots more easily identify waypoints and important details directly on the chart. The Oshkosh airport diagram also includes the colored runway dots and squares used by ATC, making it easier for pilots to brief and fly to the assigned landing point. The Notes section of the arrival chart has also been updated for improved clarity, helping pilots quickly review key information before briefing and flying the arrival.Pilots should continue to reference the full AirVenture NOTAM for complete arrival and departure information. To make the NOTAM easier to access, the FISK VFR Arrival SmartCharts procedure now links directly to the arrival page in the NOTAM using the flip-flop button within Garmin Pilot.Additionally, the FISK procedure is available as an Arrival (STAR) in the Garmin navigation database. Beginning July 9 as part of the July database cycle update, users can also load the procedure directly into their avionics, providing lateral guidance along the arrival route so they can couple their autopilot to fly the procedure while maintaining visual awareness for waypoints and traffic. These enhancements are designed to help improve pilot confidence when flying the arrival.Pilots interested in trying Garmin Pilot for the first time can take advantage of the 15 for 12 and Right Seat Rewards promotions, available at Garmin.com/AviationPromotions. Additionally, a new discount for existing Garmin Pilot users attending AirVenture 2026 can also receive a 10% discount code for their next renewal by visiting the Garmin Pilot team in the Garmin exhibit. For additional information, visit Garmin.com/GarminPilot.Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world's first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention. Visit the Garmin Newsroom, email our media team, connect with @garminaviation on social, or follow our blog.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and Garmin Pilot is a trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Media Contact:
Mikayla Rudolph
913-397-8200
media.relations@garmin.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-pilot-update-introduces-new-flights-page-and-other-enhancements-302817156.htmlSOURCE Garmin International, Inc. Original: Garmin Pilot update introduces new Flights page and other enhancements

Garmin Ltd. schedules second quarter 2026 earnings callJune 24, 2026 7:00 AM
PR Newswire (US) SCHAFFHAUSEN, Switzerland, June 24, 2026 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its second quarter 2026 earnings conference call on Wednesday, July 29, 2026, 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 29, 2026. The conference call can be accessed by registering online at GRMN Q2 2026 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID.The live webcast will be accessible from the Garmin Ltd. investor relations website on the News & Events page. An archive of the live webcast will be available for one year after the webcast date.Contact: investor.relations@garmin.comAbout Garmin Ltd.:For more than 35 years, Garmin has developed innovative technology for the fitness, outdoor, aviation, marine and automotive OEM markets. Engineered on the inside for life on the outside, Garmin products are purpose built to help people make the most of the time they spend pursuing their passions. Garmin is committed to building products known for quality, reliability, and durability across its global portfolio of connected devices and services. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's Newsroom, email media.relations@garmin.com or follow us on LinkedIn.INVESTOR CONTACT:
Teri Seck
Garmin International, Inc.
Phone | +1 913-397-8200
Email | investor.relations@garmin.comMEDIA CONTACT:
Krista Klaus
Garmin International, Inc.
Phone | +1 913-397-8200
Email | corporate.communications@garmin.com View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-ltd-schedules-second-quarter-2026-earnings-call-302808304.htmlSOURCE Garmin Ltd. Original: Garmin Ltd. schedules second quarter 2026 earnings call

Garmin shareholders approve quarterly dividend through March 2027June 5, 2026 11:45 AM
PR Newswire (US) Company announces record date and payment date for June 2026 dividend installmentSCHAFFHAUSEN, Switzerland, June 5, 2026 /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 $4.20 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 Payment DateRecord DateDividend Per ShareJune 26, 2026June 15, 2026$1.05September 25, 2026September 11 2026$1.05December 24, 2026December 11, 2026$1.05March 26, 2027March 12, 2027$1.05About Garmin Ltd: Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor markets. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual Newsroom, email our press team, or follow us on LinkedIn.Notice on Forward-Looking Statements:This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 27, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118).  A copy of Garmin's 2025 Form 10-K can be downloaded from https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Investor Relations Contact:               Corporate Communications Contact:Teri Seck            Krista Klaus    +1 913 397 8200+1 913 397 8200investor.relations@garmin.com      media.relations@garmin.com      View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-shareholders-approve-quarterly-dividend-through-march-2027-302792837.htmlSOURCE Garmin Ltd. Original: Garmin shareholders approve quarterly dividend through March 2027

Run further with Forerunner 70 and Forerunner 170 from GarminMay 12, 2026 6:58 AM
PR Newswire (US) Easy-to-use GPS running smartwatches are packed with features to help runners of all levels reach their goalsOLATHE, Kan., May 12, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) is helping runners take their training one step further with the introduction of Forerunner® 70 and Forerunner 170. These purpose-built running smartwatches are easy-to-use and loaded with features to kick-start a running journey or help dial in training. Both models boast vibrant 1.2-inch AMOLED displays, responsive touchscreens and a traditional 5-button design for extra ease of use. And runners can access everyday health features, advanced training tools, smart notifications and more—all without having to recharge their watch every night. "Purposefully designed with everything a runner needs to start their running journey, Forerunner 70 and Forerunner 170 include premium running and training features pulled in from our more advanced Forerunners, plus popular health and wellness metrics. No matter the goal, these smartwatches are the perfect tools to help new and aspiring runners alike make every step count."
—Susan Lyman, Garmin Vice President of Consumer Sales and MarketingForerunner 70 Loaded with features for runners of all levels, Forerunner 70 is ready for every step of the journey.Train with the essentials, including built-in GPS, time, distance, pace and wrist-based heart rate1.New quick workouts simplify training by creating workout suggestions tailored to a runner's fitness level and require minimal input to set up: just desired time and intensity level.Train for an event, achieve a milestone or improve fitness with Garmin Coach training plans that adapt daily based on health and recovery metrics. In addition to popular plans for more intense training, Garmin Run Coach provides new plans with run/walk workouts and lower volume training.Receive daily suggested workouts – including new run/walk workouts – that adapt after every run to match performance and recovery.Dial in with advanced training features powered by the Garmin Human Performance Lab, including training readiness, training status, wrist-based running power and running dynamics. And tap into more than 80 built-in sports apps, including swimming, cycling, strength training and more to stay active in different ways.Monitor overall health and wellness 24/7 with advanced sleep tracking, sleep coach, breathing variations, heart rate variability (HRV) status, Pulse Ox, lifestyle logging and Health Status2. Stay connected with smart notifications, safety and tracking features, LiveTrack and more3.Forerunner 70 features up to 13 days of battery life in smartwatch mode and is offered in fun and popular colors like citron, soft pink, tidal blue, cool lavender, black and whitestone.Forerunner 170Building upon Forerunner 70, Forerunner 170 adds on-the-go features like Garmin Pay™ contactless payments so runners can stop for a mid-run snack or water bottle and quickly pay from their wrist (with a supported bank and payment network). And for those who like to energize their runs by listening to their favorite playlists, Forerunner 170 Music lets users download songs, podcasts and more from popular third-party music services (subscription required) right to their watch to listen phone-free with wireless headphones.Both Forerunner 170 and Forerunner 170 Music get up to 10 days of battery life in smartwatch mode and are offered in black with a black/amp yellow band and whitestone with a whitestone/cloud blue band. Forerunner 170 Music also comes in vibrant colors like teal green with a teal green/citron band and red pink with a red pink/mango band.Available to purchase on garmin.com starting May 15, 2026, Forerunner 70 has a suggested retail price of $249.99, Forerunner 170 is $299.99 and Forerunner 170 Music is $349.99.Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminrunning on social, or follow our blog.?? 1 Activity tracking accuracy
2 This is not a medical device and is not intended for use in the diagnosis or monitoring of any medical condition; see Garmin.com/ataccuracy. Breathing variations and Pulse Ox are not available in all countries.
3 When paired with a compatible smartphone; see Garmin.com/ble. For safety and tracking features requirements and limitations, see Garmin.com/safety.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and Forerunner are registered trademarks and Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACTS:
Stephanie Kelner and Natalie Miller
913-397-8200
media.relations@garmin.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/run-further-with-forerunner-70-and-forerunner-170-from-garmin-302765371.htmlSOURCE Garmin International, Inc. Original: Run further with Forerunner 70 and Forerunner 170 from Garmin

Garmin redefines luxury home audio with revolutionary new Primacy® system from JL Audio®May 5, 2026 6:58 AM
PR Newswire (US) Unparalleled acoustic experience blends performance-driven sound with visual eleganceOLATHE, Kan., May 5, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today unveiled JL Audio Primacy, a premium home audio system that offers extraordinary sound performance that's tuned exactly for each listener's space. Available with full-size T6 three-way tower loudspeakers or compact S3 two-way stand-mount loudspeakers, Primacy redefines high-end audio by combining the amplifier, signal processing and loudspeaker to deliver a speaker system that sounds just as remarkable as it looks—without clutter or complication. What's more, the system is controlled and enhanced with the CS centerpiece, an elegant yet powerful networked streamer, preamplifier and room optimization processor that, when combined with the loudspeakers, sets a new standard for sonic experience.      "Primacy reflects our unwavering commitment to integrate modern lifestyles and technologies into luxury audio that's high performing, beautifully built and uniquely optimized for the space it's in. The ultimate audio experience, Primacy lets you listen to music, movies and games like you're there live, inside the scene, with amazing clarity of every sound."
 –Susan Lyman, Garmin Vice President of Consumer Sales and Marketing Performance-Driven Sound Active Design: Primacy loudspeakers replace traditional energy-draining passive components with fully active designs featuring precise DSP-based audio filtering. Each loudspeaker features multiple built-in amplifiers – one for each driver section – employing the most advanced switching technology from JL Audio. DSP filtering occurs at the input of each of the active amplifier channels for optimal control and damping over each moving diaphragm.Beautifully Crafted Alloy Enclosure: Each loudspeaker features a single cast, precision-machined aluminum-alloy enclosure with integrated internal bracing and woofer ports to deliver exceptional resonance control, structural integrity and acoustic performance.Primacy Automatic Room Optimization (P.A.R.O.): Audio signals are automatically adjusted to deliver an optimized listening experience to specific locations in the room based on the user's preference.High-Performance Triple-Core DSP: A digital signal processor, operating at 32-bit/192 kHz audio resolution, provides precise control over crossover filters, equalization, dynamics, delay and phase.  Dante® Digital Network: Built-in professional, studio-grade audio/video networking technology, Dante is built into each Primacy loudspeaker and establishes a routing, control and audio connection that streams pristine digital audio directly to the Primacy loudspeakers' internal amplifiers.Video: Experience Luxury Audio with PrimacyThe Peak of Simplicity and Performance  Primacy Centerpiece: Control and enhance a Primacy audio system with the luxury centerpiece stereo system controller that includes a source connection component, tabletop remote and options to stream audio via a connected device. The Primacy centerpiece offers an elegant design that blends into its surroundings, ensuring prime integration with its environment.  When paired with a centerpiece, the system utilizes P.A.R.O. to precisely tune for the perfect tone. P.A.R.O. measures and optimizes the entire system – as well as any additional powered subwoofers – and automatically optimizes crossovers, levels, equalization and delay for each driver section to guarantee the best possible sound in any room.The centerpiece connects to the Primacy loudspeakers via Dante networking, preserving a high-resolution digital signal flow, and includes a wireless, Wi-Fi®-connected tabletop remote controller that features a weighted volume knob and touch buttons to select source, profile and more. Audio can be streamed from the listener's favorite online sources; Spotify Connect, Tidal Connect, Qobuz Connect, plus Roon Ready, Apple Airplay® and Google Cast are all supported by the centerpiece.Primacy App: For added convenience, audio and room optimization control can be done from the companion Primacy app. Plus, the app can also be used to create, store and name listening profiles optimized for different listening positions, equalization preference and activities.    Premium Finishes: Primacy loudspeakers can be customized with a variety of beautiful finishes to complement the design of any room.JL Audio Primacy is available now. To learn more, please visit garmin.com.Engineered on the inside for life on the outside, Garmin and its audio brands – JL Audio and Fusion – are committed to developing and delivering world-class audio entertainment solutions, including high-performance stereos, speakers, amplifiers, subwoofers and other audio components for the marine, car, RV, powersports and home markets. For more information, visit the Garmin Newsroom, email our media team, connect with @garmin_audio on social or follow the Garmin blog.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Primacy and JL Audio are registered trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACT:
Carly Hysell and Connor Hoffman // 913-397-8200 // media.relations@garmin.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-redefines-luxury-home-audio-with-revolutionary-new-primacy-system-from-jl-audio-302762412.htmlSOURCE Garmin International, Inc. Original: Garmin redefines luxury home audio with revolutionary new Primacy® system from JL Audio®

Natural Cycles integration unlocks FDA-cleared birth control app for users with select Garmin smartwatchesMarch 31, 2026 7:02 AM
PR Newswire (US)

Garmin users can now integrate with the temperature-powered Natural Cycles app, which turns Garmin skin temperature data into fertility insights for women's healthOLATHE, Kan., March 31, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a product integration with Natural Cyclesº, the company behind the first and only FDA-cleared app for birth control on the market. By tracking skin temperature on compatible Garmin smartwatches – including fenix® 8, Forerunner® 570, Forerunner 970, Venu® 4 and Venu X1 – women can unlock fertility insights in the Natural Cycles app, empowering them to better understand their reproductive health.







"Women all over the world utilize Garmin products for activity and health tracking, which is why this integration with Natural Cycles, a pioneer in women's digital health, is so important. As we continue to help women meet their fitness and wellness goals, we are proud that Garmin skin temperature can be used within the Natural Cycles app for those looking for a non-hormonal approach to birth control."
—Susan Lyman, Garmin Vice President of Consumer Sales and MarketingSleep. Track. Unlock.The Natural Cycles (NC°) app, an FDA class II medical device intended to prevent and plan pregnancy, analyzes body temperature and other key fertility indicators to determine each user's unique daily fertility status. With the launch of this integration, Natural Cycles users can now wear a compatible Garmin smartwatch to bed; skin temperature is tracked overnight and automatically syncs with the NC° app in the morning."For Natural Cycles, integrating with a hardware leader like Garmin is a natural next step as we expand our wearable ecosystem. This product integration marks an exciting milestone, enabling us to bring our non-hormonal birth control to even more women worldwide and offering an effective, hormone-free way to prevent or plan pregnancy."
—Dr. Elina Berglund Scherwitzl, Natural Cycles Co-Founder and CEOThe Garmin and Natural Cycles integration is available in the following countries at this time: Australia, Brazil, Canada, European Union, Norway, Singapore, Switzerland, United Kingdom and the United States.To learn more about the integration, go to the Natural Cycles landing page.     Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences and enrich lives, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, fenix, Forerunner and Venu are registered trademarks of Garmin Ltd. or its subsidiaries.All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.About Natural Cycles°
Founded in 2013 by physicists Dr. Elina Berglund Scherwitzl and Dr. Raoul Scherwitzl, Natural Cycles is a leading women's digital health company dedicated to transforming how women understand and manage their reproductive health. The company developed the world's first FDA-cleared digital method of birth control—delivered through an app and powered by a proprietary algorithm that interprets biomarker     data to provide personalized cycle insights and daily fertility status. NC° Birth Control has received regulatory authorization across the US, Europe, Canada, Brazil, Australia, Singapore, and South Korea. Through a single subscription, the Natural Cycles app offers five dedicated modes—NC° Birth Control, NC° Plan Pregnancy, NC° Follow Pregnancy, NC° Postpartum, and NC° Perimenopause—supporting women at different stages throughout their fertility journey. Trusted by more than four million registered users worldwide and backed by over 20 peer-reviewed studies, Natural Cycles continues to pioneer science-driven, non-invasive innovations that expand access to personalized health tools and empower women to take control of their care. Learn more at Naturalcycles.com.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACTS:
Elliott Scott
913-397-8200
media.relations@garmin.com 










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Original: Natural Cycles integration unlocks FDA-cleared birth control app for users with select Garmin smartwatches

Garmin Ltd. schedules first quarter 2026 earnings callMarch 25, 2026 7:00 AM
PR Newswire (US)

SCHAFFHAUSEN, Switzerland, March 25, 2026 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its first quarter 2026 earnings conference call on Wednesday, April 29, 2026, 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 29, 2026.







The conference call can be accessed by registering online at GRMN Q1 2026 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID.The live webcast will be accessible from the Garmin Ltd. investor relations website on the Events page. An archive of the live webcast will be available for one year after the webcast date.Contact: investor.relations@garmin.comAbout Garmin Ltd.: Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual Newsroom, email our press team, or follow us on LinkedIn.INVESTOR CONTACT:
Teri Seck
Garmin International, Inc.
Phone | 913-397-8200
E-Mail | investor.relations@garmin.com MEDIA CONTACT:
Krista Klaus
Garmin International, Inc.
Phone | 913-397-8200
E-Mail | media.relations@garmin.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-ltd-schedules-first-quarter-2026-earnings-call-302724337.htmlSOURCE Garmin Ltd.

Original: Garmin Ltd. schedules first quarter 2026 earnings call

Garmin unveils 360-degree sonar with revolutionary Spy PoleMarch 10, 2026 6:58 AM
PR Newswire (US)

New GT360UHD transducer and first-of-its-kind Spy Pole help anglers see underwater like never before   OLATHE, Kan., March 10, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced a new 360-degree scanning sonar that lets anglers see a birds-eye view of fish and structure in every direction around the boat in 2D and 3D views—then fish that area without having to constantly rescan. This advanced sonar system includes the game-changing motorized Spy™ Pole and unlocks new underwater perspectives with unmatched integration and control.







"Garmin's new 360 sonar solution will revolutionize how anglers fish once again. The added situational awareness of 360-degree imaging – coupled with the increased precision and convenience of the Spy Pole – makes it easier than ever to search for and target fish. Layer in LiveScope™ live sonar and you have an enhanced sonar system that's second-to-none."  
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing See underwater imagery in every direction with 360-degree sonar  Unlock the toughest underwater hiding spots with OneVü™ sonar – crisp, clear 360-degree imagery of what's below the boat in 2D and 3D views – with the GT360UHD transducer mounted to Spy Pole.Built-in True Motion technology seamlessly integrates with GPS to maintain the sonar's true position so anglers can move around structure without losing track of where the fish are.Scan and store up to a football-field size of sonar imagery with a continuously updated buffer.Customize the color, dial in the settings and engage auto, manual or constant scans with on-screen chartplotter controls on compatible Garmin chartplotters.Add LiveScope live sonar to unlock an all-new 3D view on a single display, as well as a beam overlay to see where LiveScope is pointed in 2D mode.Thanks to Spy Pole, anglers can take full command of their 360-degree sonar—completely independent of the trolling motor.Wirelessly execute smooth, fast and quiet control with Spy Pole's included low-profile wireless foot control, rod-mountable gesture remote or through a dedicated control bar on a compatible Garmin chartplotter.The GT360UHD transducer comes bundled with a 42" Spy Pole or a 49" Spy Pole for a suggested retail price of $2,999.98 and $3,199.98 respectively.Motorized live sonar control With Spy Pole, anglers can steer a LiveScope transducer with unmatched accuracy and initiate scans with ease; lock LiveScope sonar on any point with SpyLock™ technology or automatically sweep back and forth to find fish in SpyScan™ mode.Securely route transducer cables through the pole shaft for ultimate cable protection.Easily mount and dismount Spy Pole from a Force® or Force Pro trolling motor or gunnel mount (sold separately) with the quick-release system.Synchronize the speed and direction of a Force Pro trolling motor and control the Spy Pole from the foot pedal of the trolling motor through SpyLink™ technology—and maintain control even when the trolling motor is in anchor lock.Spy Pole is available with a 42" or 49" length for a suggested retail price of $1,999.99 and $2,199.99 respectively, and works with any LiveScope transducer."Since the introduction of LiveScope, anglers have been dreaming of a way to control their LiveScope independently of their trolling motor. With Spy Pole, that's now possible, and you can even control your LiveScope while in anchor lock – that's a true game changer for the way I fish." 
–Justin Hamner, Garmin Pro Angler and 2024 Bassmaster Classic Champion  Garmin's new 360-degree sonar solution with Spy Pole will debut in the Garmin booth (#9204) at the 2026 Bassmaster Classic, held March 13-15 on the Tennessee River in Knoxville, Tenn. Both will be available to purchase on garmin.com starting March 13. To learn more, visit garmin.com/marine.Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the 11th consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). For more information, visit the Garmin Newsroom, email our media team, connect with @garminfishhunt on social, or follow the Garmin blog.1Based on 2024 sales.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and Force are registered trademarks and Spy, LiveScope, OneVü, SpyLock, SpyScan and SpyLink are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved. Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACT:
Carly Hysell
913-397-8200
media.relations@garmin.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-unveils-360-degree-sonar-with-revolutionary-spy-pole-302707413.htmlSOURCE Garmin International, Inc.

Original: Garmin unveils 360-degree sonar with revolutionary Spy Pole

Garmin launches Community Champions program to recognize local changemakers at Garmin Marathon SeriesMarch 3, 2026 7:03 AM
PR Newswire (US)

Honorees are selected based on their positive contributions through running and fitness; entries are now open for DurhamOLATHE, Kan., March 3, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced Garmin Community Champions, a new program that shares and celebrates the powerful stories of leaders and advocates within the local running communities of Garmin Marathon Series locations.







"While running may seem like an individual sport, at Garmin we recognize the deep sense of community it fosters by elevating a shared interest in health, wellness and performance. Through the Community Champions initiative, we are excited to shine the spotlight on local runners who are changing their communities for the better, one run at a time."
—Susan Lyman, Garmin Vice President of Consumer Sales and MarketingIn each Garmin Marathon Series city, there will be an application phase followed by the announcement of three to five finalists. In the month preceding race day, finalist stories will be shared through the Garmin Marathon Series newsroom, community partners and regional news outlets. And at the starting line of the marathon, finalists will be recognized before the Garmin Community Champion is revealed and helps lead the countdown to the start of the race.To be eligible as a Garmin Community Champion, nominees must be 18 years old, live in or around a host city of the Garmin Marathon Series and be present on race day1. Submissions will be evaluated based on how individuals have inspired others to be active or made an impact on their communities through running and fitness. Whether it's a beloved cross-country coach, record-breaking collegiate or professional athlete, amateur runner on an amazing fitness journey or parathlete defying expectations, there are many ways to be a positive advocate and leader within the sport.Applications are currently being accepted for Durham until March 31 via an intake form on the Garmin Marathon Series webpage. Finalists are expected to be revealed in early April, and the inaugural Garmin Community Champion will be announced on May 2, 2026. Applications for Toledo and Tucson will open approximately two months prior to their respective race days.The Garmin Marathon Series is a bold new chapter in road running events, wholly owned and produced by Garmin, a global leader in fitness technology and pioneer of the first running smartwatch. It launched in fall 2025 with events in Toledo, Ohio, and Tucson, Arizona. Durham, North Carolina was added as a third location in 2026. The Series offers four race distances: a Boston Marathon qualifier marathon, USATF-certified half marathon, 10K and 5K2. Registration for the Garmin Marathon Series is currently open for all race distances in Durham, Toledo and Tucson. For additional information about the cities, races, community engagement opportunities and future locations, please visit garmin.com/marathons.Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences and enrich lives, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.1Additional terms and conditions may apply. Full requirements are listed on the application page.
2Courses are pending certification and subject to change.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACTS:
Elliott Scott
913-397-8200
media.relations@garmin.com 










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Original: Garmin launches Community Champions program to recognize local changemakers at Garmin Marathon Series

Garmin releases annual inReach SOS message reportFebruary 25, 2026 7:01 AM
PR Newswire (US)

Report shows an increase in SOS messages from around the world during a variety of activities in 2025OLATHE, Kan., Feb. 25, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2025 inReach® SOS report, highlighting trends involving SOS incident messages reported to the Garmin Response? international emergency coordination center during the past calendar year. The report provides insights into the activities of adventurers who found themselves in need of emergency assistance. inReach satellite technology1 has helped users stay in touch with critical SOS emergency response services, two-way text messaging and location tracking for 15 years. That SOS technology expanded across several Garmin product lines in 2025 with the release of fenix® 8 Pro, the first-ever smartwatch from Garmin with inReach technology for satellite and cellular connectivity, as well as inReach Mini 3 Plus and GPSMAP® H1i Plus –  satellite communicators that let adventurers exchange voice messages, texts and photos with the Garmin Response team should an emergency occur1.







Here are some key takeaways from the 2025 report:More than 3,000 inReach SOS incident messages were received.Users sent an SOS message the most during hiking and backpacking activities, followed by driving and motorcycling.There was also an increase in incidents during water activities, like boating and sailing, with more boating issues reported than in previous years.Work-related SOS incidents jumped into the top 10 categories, illustrating how organizations are using inReach technology to help equip workers for emergency situations.Injuries were once again the top cause for SOS messages, followed by motor vehicle accidents and medical issues like altitude sickness and heart problems.Most SOS messages were for the user; however, an increased number of messages were triggered for another member of the user's party or for a third-party individual.With the help of professionally trained Garmin Response center staff, inReach users were able to self-rescue more than 12% of the time.How inReach SOS works with Garmin Response CenterThanks to a dedicated SOS alert button and satellite network coverage via Iridium® and Skylo, Garmin inReach users can quickly send an SOS message should an emergency occur. Once an SOS message is triggered, even if the user takes no other action, the device sends a distress message to Garmin Response, a 24/7-staffed professional emergency coordination center. The Garmin Response team will communicate with the user, their listed emergency contacts, search and rescue organizations and other available local resources. They provide updates to users and emergency contacts on the response effort, including confirmation when help is on the way, and remain available as the incident is being resolved. Garmin Response monitors millions of handheld devices, satellite phones, smartphones and smartwatches each year.Watch what happens when you press SOS.What customers are saying about inReach SOS and Garmin Response"I never imagined I would have to use the SOS feature, but when I did, it worked flawlessly – and I genuinely believe it made the difference between life and death. I will never go on another adventure without my inReach."
–Mylene Torres, inReach customer who triggered an SOS message after being struck by a boulder"It's hard to describe the anxiety felt in the aftermath of a disaster by the inability to communicate with loved ones. It was a great relief to have a device and service that could ease people's minds when regular communication systems failed."
–Stephen Hackett, customer who used an inReach device in hurricane aftermathMore ways to stay connected with Garmin inReach technologyLeave the phone behind and still stay in touch with fenix 8 Pro and quatix® 8 Pro, premium GPS smartwatches with built-in satellite and cellular connectivity on the wrist.For those with limited space in their gear, the palm-sized inReach Mini 3 Plus two-way satellite communicator provides voice messaging, two-way texting, photo sharing2, LiveTrack™ location sharing and a battery that can last weeks – all packed into a compact, lightweight design.Dedicated explorers, mountaineers and hunters may prefer the rugged GPSMAP H1i Plus GPS handheld and satellite communicator, which offers photo and voice message capabilities, along with preloaded TopoActive maps.Overlanders can pair their Tread® 2 – Overland Edition or Tread 2 – SxS Edition off-road navigators with a compatible inReach device – or take advantage of built-in satellite technology with Tread XL – Overland Edition – while venturing beyond cell service in the dirt, snow and everything in between.Aviators can send and receive messages right from the cockpit with the Garmin Messenger™ App for smartphones.Learn more about all of Garmin's inReach-capable devices here.Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes,?off-road explorers, road warriors and outdoor enthusiasts?everywhere. Committed to developing?products?that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.? 1Active satellite subscription required. Some jurisdictions regulate or prohibit satellite communication devices; it is the user's responsibility to know and follow all applicable laws.
2 Taking and sending photos requires use of the Garmin Messenger app on your paired smartphoneAbout Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, inReach, fenix, GPSMAP, quatix and Tread are registered trademarks, Garmin Messenger and LiveTrack are trademarks and Garmin Response is a service mark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACTS: Brianna Silverman and Connor Hoffman / 913-397-8200 / media.relations@garmin.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-releases-annual-inreach-sos-message-report-302696138.htmlSOURCE Garmin International, Inc.

Original: Garmin releases annual inReach SOS message report

Garmin announces fourth quarter and fiscal year 2025 resultsFebruary 18, 2026 7:00 AM
PR Newswire (US)

Reports record fourth quarter and full-year revenue and profit, proposes a 17% dividend increase, and announces new $500 million share repurchase programSCHAFFHAUSEN, Switzerland, Feb. 18, 2026 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the fourth quarter ended December 27, 2025.







Highlights for fourth quarter 2025 include:Consolidated revenue of $2.12 billion, a 17% increase compared to the prior-year quarterGross margin of 59.2% compared to 59.3% in the prior-year quarterOperating margin expanded to 28.9% compared to 28.3% in the prior-year quarterOperating income was $614 million, a 19% increase compared to the prior-year quarterGAAP EPS of $2.73 and pro forma EPS(1) of $2.79, representing 16% growth in pro forma EPS over the prior-year quarterLaunched the GPSMAP® 9000xsv series of superior chartplotters designed for captains and anglers that demand world-class performanceAnnounced collaboration with Truemed to assist customers who wish to use pre-tax Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) for qualifying purchases of select Garmin productsEnhanced Garmin Connect+ with nutrition tracking and insights powered by AI-based Garmin Active Intelligence™ to help users achieve nutrition goalsHonored with five Consumer Electronic Show (CES) 2026 Innovation Awards for groundbreaking achievements in technology across various categoriesHighlights for fiscal year 2025 include:Achieved record consolidated revenue of $7.25 billion, a 15% increase compared to the prior yearAll segments posted record full-year revenueShipped over 20 million units, a new recordGross margin of 58.7% consistent with the prior yearOperating margin expanded to 25.9% compared to 25.3% in the prior yearRecord operating income of $1.88 billion, an 18% increase compared to the prior yearGAAP EPS of $8.59 and record pro forma EPS(1) of $8.56, representing 16% growth in pro forma EPS over the prior year(In thousands, except
per share information)
13-Weeks Ended





52-Weeks Ended






December 27,

December 28,

YoY

December 27,

December 28,

YoY


2025

2024

Change

2025

2024

Change
Net sales
$2,124,955

$1,822,560


17%
$7,245,519

$6,296,903


15%Fitness

765,839


539,305


42%

2,357,000


1,774,487


33%Outdoor

627,611


629,373


—%

2,054,061


1,961,990


5%Aviation

274,236


236,875


16%

987,161


876,614


13%Marine

296,911


251,259


18%

1,182,615


1,073,192


10%Auto OEM

160,358


165,748


(3)%

664,682


610,620


9%
























Gross profit

1,258,260


1,079,926


17%

4,256,303


3,696,555


15%Gross margin %

59.2%

59.3%





58.7%

58.7%




























Operating income

614,154


516,082


19%

1,876,076


1,593,994


18%Operating margin %

28.9%

28.3%





25.9%

25.3%




























GAAP diluted EPS
$2.73

$2.25


21%
$8.59

$7.30


18%Pro forma diluted EPS (1)
$2.79

$2.41


16%
$8.56

$7.39


16%
(1) See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma diluted EPSExecutive Overview from Cliff Pemble, President and Chief Executive Officer:"2025 was another year of remarkable growth and achievement for Garmin with record consolidated revenue, record revenue in all five of our segments, and record consolidated operating income. We attribute this strong performance to our strategic focus on market diversification and creating superior products that are essential to our customers' lives. Looking forward, we anticipate building on this momentum with many exciting new product launches throughout the year. I am very proud of what we accomplished in 2025 and look forward to seizing the opportunities ahead." - Cliff Pemble, President and Chief Executive Officer of Garmin Ltd.Fitness:Revenue from the fitness segment increased 42% in the fourth quarter primarily due to strong demand for wearables driven by both market share gains and market growth. Gross and operating margins were 59% and 34%, respectively, resulting in $257 million of operating income. During the quarter, we announced our collaboration with healthcare payments provider Truemed to assist customers who wish to use pre-tax HSA/FSA funds for qualifying purchases of select Garmin products. We recently published our annual Garmin Connect™ Data Report which shows that, on average, our users increased activity levels by 8% during the year reflecting a high level of engagement with our products and app platforms. At the recent CES, the Venu® 4 and Forerunner® 970 received Innovation Awards for novel features in digital health and fitness, and we announced exciting enhancements to our premium Connect+ offering with nutrition tracking and insights powered by AI-based Garmin Active Intelligence to help users achieve nutrition and overall wellness goals.Outdoor:Revenue from the outdoor segment was flat when compared to the prior year quarter as we compare against strong prior year product launch cycles. Gross and operating margins were 66% and 37%, respectively, resulting in $234 million of operating income. During the quarter we launched the Garmin DriveTrack™ 72, a multifunction GPS navigator that tracks up to 20 dogs. Also during the quarter, we launched the inReach® Mini 3 Plus satellite communicator with voice, text and photo sharing. This compact and rugged communicator offers essential SOS safety features and helps explorers stay connected with loved ones while adventuring beyond cellphone coverage. Several outdoor products received CES Innovation Awards including the fenix® 8 Pro-MicroLED, the Blaze™ Equine Wellness System and the Descent™ S1 Buoy which highlights our commitment to explore new product categories and develop groundbreaking technologies.Aviation:Revenue from the aviation segment increased 16% in the fourth quarter with growth contributions from both the OEM and aftermarket product categories. Gross and operating margins were 76% and 31%, respectively, resulting in $85 million of operating income. During the quarter, we launched the D2™ Air X15 and the D2 Mach 2, our latest aviator smartwatches with cockpit connectivity and advanced aviation, health, fitness and smartwatch features. Also, we announced that the Garmin G5000H™ cockpit system was selected for Brazilian Air Force UH-60 Black Hawk helicopters, part of a growing list of military modernization programs based on our advanced commercially available integrated cockpit systems. Our Garmin Autoland system was used for the first time to return an aircraft safely to the ground following an in-flight malfunction, demonstrating the extraordinary potential of this groundbreaking system to improve aviation safety and save lives.Marine:Revenue from the marine segment increased 18% in the fourth quarter with growth across multiple categories led by chartplotters. Gross and operating margins were 52% and 18%, respectively, resulting in $52 million of operating income. During the quarter, we expanded our chartplotter lineup with the flagship GPSMAP 9000xsv, offering stunning 4K resolution displays, 5Ghz Wi-Fi networking, and industry-leading sonar performance. Also during the quarter, we launched Garmin OnBoard™, a versatile man overboard and engine cutoff solution for boaters that uses wireless technology, offering users the freedom to move around the boat while still enjoying the protection of this important safety system. Gamin OnBoard was selected as the winner of the Safety & Security Aboard category in the 2025 DAME Design Award. Additionally, we were awarded a 2025 National Boating Safety Award from the Sea Tow Foundation and were named Most Innovative Marine Company by Soundings Trade Only.Auto OEM:Revenue from the auto OEM segment decreased 3% during the fourth quarter as certain legacy programs approach end-of-life and were partially offset by growth in our most recent BMW domain controller program. Gross margin was 17%, and we recorded an operating loss of $14 million in the quarter. At the recent CES, we introduced our next-gen Garmin Unified Cabin™ domain controller that adds digital key capability, seat specific audio/video, and an AI assistant designed to make vehicle interactions more conversational and powerful. We also announced our collaboration with Meta to explore new ways of interacting with the automobile.Additional Financial Information:Total operating expenses in the fourth quarter were $644 million, a 14% increase over the prior year. Research and development increased 14% primarily due to engineering personnel costs. Selling, general and administrative expenses increased 14%, driven primarily by increased advertising investments and personnel related costs.The effective tax rate in the fourth quarter was 16.8% compared to the effective tax rate of 15.6% in the prior year quarter. The increase in the current quarter effective tax rate compared to the prior year is primarily due to the new U.S. tax legislation, resulting in a reduction in U.S. tax deductions and credits.In the fourth quarter of 2025, we generated operating cash flow of $554 million and free cash flow(1) of $430 million. We paid a quarterly dividend of approximately $173 million and repurchased $51 million of the Company's shares within the quarter. We ended the quarter with cash and marketable securities of approximately $4.1 billion.(1)See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma effective tax rate and free cash flow.2026 Fiscal Year Guidance(2):We expect full-year 2026 revenue of $7.9 billion, an increase of 9% over 2025. We expect our full-year pro forma EPS to be $9.35 based upon gross margin of 58.5%, operating margin of 25.5% and pro forma effective tax rate of 16.0%.

2026 GuidanceRevenue
$7.9 billionGross Margin
58.5 %Operating Margin
25.5 %Pro forma Effective Tax Rate
16.0 %Pro forma EPS
$9.35

(2)All amounts and percentages in our 2026 Fiscal Year Guidance are approximate. Also, see attached discussion on Forward-looking Financial Measures.Dividend Recommendation and New Share Repurchase Program:The Board of Directors intends to recommend to the shareholders for approval at the annual meeting to be held on June 5, 2026, a cash dividend in the amount of $4.20 per share, payable in four equal installments on dates to be determined by the Board. The Board currently anticipates the scheduling of the dividend in four installments as follows:Dividend Date
Record Date
Dividend Per ShareJune 26, 2026
June 15, 2026
$1.05September 25, 2026
September 11, 2026
$1.05December 24, 2026
December 11, 2026
$1.05March 26, 2027
March 12, 2027
$1.05In addition, the Board has established March 27, 2026 as the payment date and March 13, 2026 as the record date for the final dividend installment of $0.90 per share, per the prior dividend approval at the 2025 annual shareholders' meeting. The first, second and third payments of $0.90 per share were made on June 27, 2025, September 26, 2025, and December 26, 2025, respectively. On February 13, 2026, the Board authorized the Company to repurchase up to $500 million of the Company's shares through December 30, 2028 pursuant to a new share repurchase program effective February 20, 2026. This new share repurchase program replaces the $300 million share repurchase program authorized by the Board on February 16, 2024, pursuant to which the Company repurchased $244 million of Company shares through December 27, 2025, which was terminated by the Board effective February 19, 2026 in connection with the Board's authorization of the new share repurchase program.  The timing and volume of any share repurchases under this authorization will be determined by management at its discretion. Share repurchases, which are subject to market conditions, other business conditions and applicable legal requirements, may be made from time to time in the open market or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The share repurchase authorization does not obligate the Company to repurchase any specific number of shares and may be suspended, modified or terminated at any time.Webcast Information/Forward-Looking Statements:The information for Garmin Ltd.'s earnings call is as follows:When:
Wednesday, February 18, 2026 at 10:30 a.m. EasternWhere:
https://www.garmin.com/en-US/investors/events/How:
Simply log on to the web at the address aboveAn archive of the live webcast will be available until February 17, 2027 on the Garmin website at www.garmin.com. To access the replay, click on the Investors link and click over to the Events Calendar page.This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2026 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected segment revenue growth rates, consolidated revenue, gross margins, operating margins, potential future acquisitions, share repurchase programs, currency movements, expenses, pricing, new product launches, market reach, statements relating to possible future dividends, and the Company's plans and objectives are forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 27, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). A copy of Garmin's 2025 Form 10-K can be downloaded from https://www.garmin.com/en-US/investors/sec/. All information provided in this release and in the attachments is as of December 27, 2025. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.This release and the attachments contain non-GAAP financial measures. A reconciliation to the nearest GAAP measure and a discussion of the Company's use of these measures are included in the attachments.Garmin, the Garmin logo, GPSMAP, Venu, fenix, Forerunner, and inReach are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. D2, DriveTrack, Descent, Blaze, Garmin Connect, Garmin Active Intelligence, Garmin G5000H, Garmin Unified Cabin and Garmin OnBoard are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Investor Relations Contact:
Media Relations Contact:Teri Seck
Krista Klaus913/397-8200
913/397-8200investor.relations@garmin.com 
media.relations@garmin.com Garmin Ltd. and Subsidiaries
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share information)



















13-Weeks Ended

52-Weeks Ended


December 27,

December 28,

December 27,

December 28,


2025

2024

2025

2024
Net sales
$2,124,955

$1,822,560

$7,245,519

$6,296,903
Cost of goods sold

866,695


742,634


2,989,216


2,600,348
Gross profit

1,258,260


1,079,926


4,256,303


3,696,555

















Research and development expense

294,984


258,752


1,126,231


993,601
Selling, general and administrative expenses

349,122


305,092


1,253,996


1,108,960
Total operating expenses

644,106


563,844


2,380,227


2,102,561

















Operating income

614,154


516,082


1,876,076


1,593,994
Other income (expense):















Interest income

34,558


30,377


128,874


113,520
Foreign currency gains (losses)

(13,734)


(36,184)


7,847


(20,599)
Other income

408


5,864


1,738


8,486
Total other income (expense)

21,232


57


138,459


101,407

















Income before income taxes

635,386


516,139


2,014,535


1,695,401
Income tax provision

106,705


80,405


350,648


283,965
Net income
$528,681

$435,734

$1,663,887

$1,411,436

















Net income per share:















Basic
$2.75

$2.27

$8.65

$7.35
Diluted
$2.73

$2.25

$8.59

$7.30

















Weighted average common shares outstanding:















Basic

192,336


192,075


192,467


192,060
Diluted

193,777


193,759


193,616


193,281
 Garmin Ltd. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)











December 27,2025

December 28,
2024
Assets







Current assets:







Cash and cash equivalents
$2,278,646

$2,079,468
Marketable securities

459,202


421,270
Accounts receivable, net

1,253,015


983,404
Inventories

1,772,257


1,473,978
Deferred costs

17,538


24,040
Prepaid expenses and other current assets

467,558


353,993
Total current assets

6,248,216


5,336,153









Property and equipment, net

1,375,348


1,236,884
Operating lease right-of-use assets

196,183


164,656
Noncurrent marketable securities

1,396,929


1,198,331
Deferred income tax assets

718,094


822,521
Noncurrent deferred costs

4,373


6,898
Goodwill

760,241


603,947
Other intangible assets, net

198,362


154,163
Other noncurrent assets

95,923


106,974
Total assets
$10,993,669

$9,630,527









Liabilities and Stockholders' Equity







Current liabilities:







Accounts payable
$347,493

$359,365
Salaries and benefits payable

228,267


210,879
Accrued warranty costs

72,921


62,473
Accrued sales program costs

153,193


108,492
Other accrued expenses

257,651


216,721
Deferred revenue

105,646


110,997
Income taxes payable

381,549


294,582
Dividend payable

173,351


144,349
Total current liabilities

1,720,071


1,507,858









Deferred income tax liabilities

109,701


103,274
Noncurrent income taxes payable

3,596


7,014
Noncurrent deferred revenue

22,277


28,321
Noncurrent operating lease liabilities

164,835


134,886
Other noncurrent liabilities

625


776









Stockholders' equity:







Common shares, $0.10 par value (194,901 and 194,901 shares authorized andissued;192,620 and 192,468 shares outstanding)

19,490


19,490
Additional paid-in capital

2,368,670


2,247,484
Treasury shares (2,281 and 2,433 shares)

(406,423)


(270,521)
Retained earnings

6,970,182


5,999,183
Accumulated other comprehensive income (loss)

20,645


(147,238)
Total stockholders' equity

8,972,564


7,848,398
Total liabilities and stockholders' equity
$10,993,669

$9,630,527
 Garmin Ltd. and Subsidiaries
Consolidated Statements of Cash Flows (Unaudited)
(In thousands)











52-Weeks Ended


December 27,
2025

December 28,
2024
Operating Activities:







Net income
$1,663,887

$1,411,436
Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation

152,611


140,494
Amortization

36,148


39,241
Loss (gain) on sale or disposal of property and equipment

881


(4,903)
Unrealized foreign currency (gains) losses

(36,170)


26,889
Deferred income taxes

82,546


(88,137)
Stock compensation expense

166,003


137,162
Realized losses on marketable securities

899


8
Changes in operating assets and liabilities, net of acquisitions:







Accounts receivable, net of allowance for doubtful accounts

(222,809)


(196,256)
Inventories

(218,063)


(178,815)
Other current and noncurrent assets

1,921


(42,130)
Accounts payable

(30,518)


120,637
Other current and noncurrent liabilities

85,206


24,546
Deferred revenue

(11,843)


2,223
Deferred costs

9,092


(3,615)
Income taxes

(46,432)


43,691
Net cash provided by operating activities

1,633,359


1,432,471









Investing activities:







Purchases of property and equipment

(270,446)


(193,571)
Purchase of marketable securities

(839,852)


(507,518)
Redemption of marketable securities

640,396


309,166
Acquisitions, net of cash acquired

(175,655)


(16,444)
Other investing activities, net

322


15,034
Net cash used in investing activities

(645,235)


(393,333)









Financing activities:







Dividends

(663,885)


(572,355)
Proceeds from issuance of treasury shares related to equity awards

58,009


49,963
Purchase of treasury shares related to equity awards

(57,194)


(42,117)
Purchase of treasury shares under share repurchase plan

(181,011)


(62,348)
Net cash used in financing activities

(844,081)


(626,857)









Effect of exchange rate changes on cash and cash equivalents

55,163


(26,283)









Net increase in cash, cash equivalents, and restricted cash

199,206


385,998
Cash, cash equivalents, and restricted cash at beginning of year

2,080,154


1,694,156
Cash, cash equivalents, and restricted cash at end of year
$2,279,360

$2,080,154
 Garmin Ltd. and SubsidiariesNet Sales, Gross Profit and Operating Income by Segment (Unaudited)(In thousands)


Fitness

Outdoor

Aviation

Marine

Auto OEM

Total
13-Weeks Ended December 27, 2025
Net sales
$765,839

$627,611

$274,236

$296,911

$160,358

$2,124,955
Gross profit

454,923


414,517


207,426


153,398


27,996


1,258,260
Operating income (loss)

256,938


233,949


84,720


52,069


(13,522)


614,154

























13-Weeks Ended December 28, 2024
Net sales
$539,305

$629,373

$236,875

$251,259

$165,748

$1,822,560
Gross profit

308,632


420,759


178,379


144,655


27,501


1,079,926
Operating income (loss)

159,161


251,322


64,469


50,588


(9,458)


516,082

























52-Weeks Ended December 27, 2025
Net sales
$2,357,000

$2,054,061

$987,161

$1,182,615

$664,682

$7,245,519
Gross profit

1,402,585


1,351,230


741,507


649,907


111,074


4,256,303
Operating income (loss)

725,881


690,352


257,227


251,250


(48,634)


1,876,076

























52-Weeks Ended December 28, 2024
Net sales
$1,774,487

$1,961,990

$876,614

$1,073,192

$610,620

$6,296,903
Gross profit

1,032,007


1,306,405


656,509


594,127


107,507


3,696,555
Operating income (loss)

482,672


702,730


211,367


236,010


(38,785)


1,593,994
 Garmin Ltd. and Subsidiaries
Net Sales by Geography (Unaudited)
(In thousands)



























13-Weeks Ended





52-Weeks Ended






December 27,

December 28,

YoY

December 27,

December 28,

YoY


2025

2024

Change

2025

2024

Change
Net sales
$2,124,955

$1,822,560

17 %

$7,245,519

$6,296,903

15 %
Americas

1,034,565


854,816

21 %


3,453,936


3,036,083

14 %
EMEA

802,668


701,252

14 %


2,741,580


2,319,310

18 %
APAC

287,722


266,492

8 %


1,050,003


941,510

12 %

Americas - North America & South America; EMEA - Europe, Middle East & Africa; APAC - Asia Pacific & Australian ContinentNon-GAAP Financial InformationTo supplement our financial results presented in accordance with GAAP, this release includes the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: pro forma effective tax rate, pro forma net income (earnings) per share and free cash flow. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies, limiting the usefulness of the measures for comparison with other companies. Management believes providing investors with an operating view consistent with how it manages the Company provides enhanced transparency into the operating results of the Company, as described in more detail by category below. The tables below provide reconciliations between the GAAP and non-GAAP measures.Pro forma effective tax rateThe Company's income tax expense is periodically impacted by discrete tax items that are not reflective of income tax expense incurred as a result of current period earnings. Therefore, management believes the effective tax rate and income tax provision before the effect of certain discrete tax items are important measures to permit a consistent comparison between periods. In the full year 2025 and 2024 there were no such discrete tax items identified.Pro forma net income (earnings) per shareManagement believes that net income (earnings) per share before the impact of foreign currency gains or losses and certain discrete income tax items, as discussed above, is an important measure in order to permit a consistent comparison of the Company's performance between periods.(In thousands, except per share information)
13-Weeks Ended

52-Weeks Ended


December 27,

December 28,

December 27,

December 28,


2025

2024

2025

2024
GAAP net income
$528,681

$435,734

$1,663,887

$1,411,436
Foreign currency gains / losses (1)

13,734


36,184


(7,847)


20,599
Tax effect of foreign currency gains / losses
(2)

(2,306)


(5,637)


1,366


(3,450)
Pro forma net income
$540,109

$466,281

$1,657,406

$1,428,585

















GAAP net income per share:















Basic
$2.75

$2.27

$8.65

$7.35
Diluted
$2.73

$2.25

$8.59

$7.30

















Pro forma net income per share:















Basic
$2.81

$2.43

$8.61

$7.44
Diluted
$2.79

$2.41

$8.56

$7.39

















Weighted average common shares
outstanding:















Basic

192,336


192,075


192,467


192,060
Diluted

193,777


193,759


193,616


193,281

(1) Foreign currency gains and losses for the Company are driven by movements of a number of currencies in relation to the U.S. Dollar and the related exchange rate impact on the significant cash, receivables, and payables held in a currency other than the functional currency at a given legal entity. However, there is minimal cash impact from such foreign currency gains and losses.
(2) The tax effect of foreign currency gains and losses was calculated using the pro forma effective tax rate of 16.8% and 17.4% for the 13-weeks and fiscal year ended December 27, 2025, respectively, and the pro forma effective tax rate of 15.6% and 16.7% for the 13-weeks and fiscal year ended December 28, 2024, respectively.Free cash flowManagement believes that free cash flow is an important liquidity measure because it represents the amount of cash provided by operations that is available for investing and defines it as operating cash flows less capital expenditures for property and equipment. Management believes that excluding purchases of property and equipment provides a better understanding of the underlying trends in the Company's operations and allows more accurate comparisons of the Company's results between periods. This metric may also be useful to investors but should not be considered in isolation as it is not a measure of cash flow available for discretionary expenditures. The most comparable GAAP measure is net cash provided by operating activities.(In thousands)
13-Weeks Ended

52-Weeks Ended


December 27,

December 28,

December 27,

December 28,


2025

2024

2025

2024
Net cash provided by operating activities
$553,785

$483,890

$1,633,359

$1,432,471
Less: purchases of property and equipment

(124,173)


(84,702)


(270,446)


(193,571)
Free Cash Flow
$429,612

$399,188

$1,362,913

$1,238,900
Forward-looking Financial MeasuresThe forward-looking financial measures in our 2026 guidance include certain economic assumptions such as foreign currency exchange rates and tariffs which are fluid and can rapidly change favorably or unfavorably.The forward-looking financial measures in our 2026 guidance provided above do not consider the potential future net effect of foreign currency exchange gains and losses, certain discrete tax items and any other impacts that may be identified as pro forma adjustments in calculating the non-GAAP measures described above. The estimated impact of foreign currency gains and losses cannot be reasonably estimated on a forward-looking basis due to the high variability and low visibility with respect to non-operating foreign currency exchange gains and losses and the related tax effects of such gains and losses. The impact on diluted net income per share of foreign currency gains and losses, net of tax effects, was $0.03 per share for the 52 weeks ended December 27, 2025.At this time, management is unable to determine whether or not significant discrete tax items will occur in fiscal 2026 or anticipate the impact of any other events that may be considered in the calculation of non-GAAP financial measures.



View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-announces-fourth-quarter-and-fiscal-year-2025-results-302691157.htmlSOURCE Garmin Ltd.

Original: Garmin announces fourth quarter and fiscal year 2025 results

Lean into the ride on the open road or closed track with zumo XT3 from GarminFebruary 17, 2026 6:58 AM
PR Newswire (US)

Purpose-built motorcycle companions add live lean angles and expanded mapping, available in two sizes to fit nearly any bikeOLATHE, Kan., Feb. 17, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced its newest and most advanced motorcycle-focused GPS equipment, zumo® XT3. Designed to endure handlebar vibration, bumpy rides and extreme weather, the device features a bright, glove-friendly display with either a 4.7 or 6-inch high-resolution screen. The new live lean angle gauge allows riders to see how far they've leaned on each turn in real time. Ride summary data is available to view after each adventure in the Tread® smartphone app.   







"No matter if you're touring or sport riding, the zumo XT3 enhances every corner and every adventure – from dirt trails to winding roads to the racetrack. Rugged and packed with moto-specific tools, zumo XT3 is the versatile companion for every ride."
—Susan Lyman, Garmin Vice President Consumer Sales and MarketingEmbrace the adventureBoasting a vibrant, high-resolution touchscreen, zumo XT3 includes robust mapping options and data to help bring next level enjoyment to every ride.Built for action: Designed to withstand extreme weather and rough terrain, zumo XT3 meets a military (MIL-STD-810) standard for drop rating and carries an IPX7 water-resistance rating. It's also built to hold up against rigorous handlebar vibrations.Adventure-ready maps: Ride confidently with preloaded street maps and high-definition topographic maps, download crisp satellite imagery directly to the device.Premium mapping: For even greater visualization of routes and surroundings, users can purchase an Outdoor Maps+ plan to receive ongoing access to premium map content, including Adventure Roads and Trails for turn-by-turn routing for off-road rides.Lean angles: See live lean angles, G-Force, max speed and more during the trek and view and share ride summaries with friends using the Tread smartphone app.Group tracking: Track friends with the group ride mobile feature1 on the device or using the Tread app on a compatible smart phone.Visual route planner: Plan a custom route on the device or via the Tread app with a compatible smartphone, or import routes with GPX, KML or KMZ files.Moto-specific rides: Utilize Garmin Adventurous Routing™ to find hilly, curvy, scenic and thrilling rides; discover Great Rides for the top-rated routes from fellow zumo users and Popular Moto Paths to see popular routes among motorcyclists.Free ride navigation: Enjoy the freedom to explore with compass-only guidance, showing an arrow with distance and direction to the destination.Working together: Enrich the ride with compatible Garmin products (each sold separately), including a zumo™R1 radar for rearview and blind-spot monitoring, a Handlebar Controller so riders can control their navigator without taking their hands off the handlebar or an inReach satellite communicator2 for off-grid communication, including two-way messaging, location sharing and the ability to trigger an SOS message in the event of an emergency.From the road to the trackDrag race enthusiasts can use their zumo XT3 to activate a Garmin Performance Package plan with access to a lap timer, drag racing features and more. With an active plan, riders can record their drag racing time and distance milestones, including their 0-60 mph time and 1/8-mile and 1/4-mile times on the drag strip. Participants can review their lap times and delta times, while also accessing leaderboards to see how their times compare with others. The performance package also provides personal data insights — including lean angle metrics, which can be viewed directly on the zumo XT3 navigator or from a compatible smartphone or tablet using the Garmin Catalyst™ mobile app. Garmin Performance Package plans are available for $9.99 per month, or $99.99 for an annual plan.Available to purchase on www.garmin.com starting February 20, 2026, the compact zumo XT3 navigator with a 4.7-inch screen includes post-mount hardware ideal for smaller motorcycles has a suggested retail price of $499.99. The larger model with a 6-inch display includes a handlebar mount kit with U-bolt base and has a suggested retail price of $599.99. Visit our website to learn more.Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.1Tracking via group ride mobile requires the Tread app running on your and each friend's compatible smartphone, with Bluetooth® technology and an active cellular connection.2Active satellite plan required. Some jurisdictions regulate or prohibit the use of satellite communication devices. It is the responsibility of the user to know and follow all applicable laws in the jurisdictions where the device is intended to be used.About Garmin: Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, zumo, Tread and inReach are registered trademarks and Garmin Performance Package, Catalyst and Garmin Adventurous Routing are a trademarks of Garmin Ltd. or its subsidiaries.Satellite imagery © 2026 Maxar Technologies (date of satellite imagery may vary). The Bluetooth word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by Garmin is under license. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2024, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983), and the Quarterly Report on Form 10-Q for the quarter ended September 27, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). Copies of such Form 10-K and Form 10-Q are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.MEDIA CONTACTS:
Mike Cummings and Connor Hoffman
913-397-8200
media.relations@garmin.com










View original content to download multimedia:https://www.prnewswire.com/news-releases/lean-into-the-ride-on-the-open-road-or-closed-track-with-zmo-xt3-from-garmin-302686350.htmlSOURCE Garmin International, Inc.

Original: Lean into the ride on the open road or closed track with zumo XT3 from Garmin

Garmin opens aviation facility at Mesa Gateway AirportFebruary 10, 2026 6:58 AM
PR Newswire (US)

The office and hangar complex will support the company's growing aviation businessOLATHE, Kan., Feb. 10, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) is pleased to announce that it has acquired a hangar and office complex at the Mesa Gateway airport in Mesa, Arizona (KIWA). This new facility space will expand the company's capacity for its aircraft certification and flight test organizations.    







"We are excited to add another aviation facility to our business. The capabilities this location will provide are instrumental in extending aircraft airworthiness approvals and market coverage for our product lines. This expansion represents Garmin's continued investment in infrastructure that supports growth and innovation in our aviation business segment."
–Phil Straub, Garmin Executive Vice President Managing Director Aviation The facility consists of two adjacent hangars of approximately 75,000 total square feet which includes office space that can accommodate approximately 75 associates. The Mesa Gateway Airport has three parallel runways, two of which are over 10,000 feet in length. This overall infrastructure, along with generally clear weather throughout the year, provides an ideal flight operations setting. This new Mesa location joins Garmin's two existing flight operations centers in New Century, Kansas and Salem, Oregon. Additionally, Mesa Gateway is home to numerous aviation companies, including customer support/service centers of three major aircraft manufacturers – further underscoring the value of the community and location.The Phoenix area has served as a Garmin engineering hub for over 25 years, initially with a facility in Tempe, and later moving to a larger facility in Chandler. More recently, Garmin further expanded its footprint to Scottsdale after acquiring AeroData in 2019. The proximity of these locations provides support and infrastructure as Garmin continues to grow. The additional facility and expanded operations will allow Garmin to hire experienced associates for the engineering, aircraft airworthiness approvals and flight test teams in Mesa.For additional information regarding Garmin's aviation business, visit Garmin.com/Aviation.Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world's first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention. Visit the Garmin Newsroom, email our media team, connect with @garminaviation on social, or follow our blog.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2024, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983), and the Quarterly Report on Form 10-Q for the quarter ended September 26, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). Copies of such Form 10-K and Form 10-Q are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Media Contact:
Mikayla Rudolph
913-397-8200
media.relations@garmin.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-opens-aviation-facility-at-mesa-gateway-airport-302683534.htmlSOURCE Garmin International, Inc.

Original: Garmin opens aviation facility at Mesa Gateway Airport

Looking for some cheaper 👍

GRMN 10Q due 4/30

GRMN, 10Q due 2/19

GRMN, new 52 week high

GRMN new 52 week high

GRMN new 52 week high

GRMN new 52 week high

GRMN new 52 week

GRMN new 52 week high

GRMN new. 52 week high

GRMN new 52 week high

I think it looks great 100+ is very possible

We may see $100+ in the next month or so. Blue skies ahead!

Hitting 52 week highs. Just saw a 60 minute special last night on Garmin’s self landing technology for airplanes.

Will anyone be shorting this candle in the AM?

impressive

This Trade Level For Garmin Ltd Should Be On The Radar

Garmin Ltd (NASDAQ:GRMN) is a leading manufacturer of hand-held, portable and fixed mount GPS systems. The stock topped out on February 20, 2018 at $65.96 a share. Since that pivot high, the stock has sold off by nearly 7.0 points. Currently, GRMN stock is trading lower by 0.07 to $59.17 a share. It should be noted that GRMN stock is now trading below the important 50-day moving average. This technical setup puts the stock in a weak technical position. The next major daily chart support level will be around the 200-day moving average which is currently at $56.00. After that, the stock should have even more support around the $54.00 level. This major support area is where the stock broke out in October 2017. Every trader should be keeping this major support level on the radar.





Nicholas Santiago
InTheMoneyStocks

$GRMN has been in a sideways consolidation pattern for about 7 sessions / if it resolves to the upside, it could move.

Been here a long time.. Not planning on going anywhere..

"Anyone else in GRMN?"

Bought some calls on the basis of attractive money flow and accumulation characteristics + RSI. News also seems good, good earnings growth, and decent ratings. Anyone else in GRMN?

Garmin $GRMN trading at a 8% premium prior to earnings Wednesday:

Fair Value Source

Love Garmin products, but I feel pps will probably fall back a little.
I'll wait to add shares for now.

Appreciate chart url.

Garmin misses by $0.04, misses on revenue

Oct 28 2015, 07:02 ET | About: Garmin Ltd. (GRMN) | By: Niloofer Shaikh, SA News Editor

Garmin (NASDAQ:GRMN): Q3 EPS of $0.51 misses by $0.04.

Revenue of $679.69M (-3.8% Y/Y) misses by $7.89M.

Press Release

http://seekingalpha.com/news/2864236-garmin-misses-by-0_04-misses-on-revenue?uprof=45#email_link


Garmin Reports Third Quarter 2015 Results and Affirms Updated Guidance
Wed October 28, 2015 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended September 26, 2015.

Summary items for the quarter and recent product announcements include:
• Total revenue of $680 million in the third quarter of 2015 with fitness, outdoor, aviation and marine delivering 61% of total revenue
• The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by approximately $52 million, or 7%, in the third quarter of 2015
• Gross and operating margins were 53% and 18.5%, respectively; gross margin was impacted by geographic revenue mix shifting toward countries with weaker currencies relative to the U.S. Dollar and lower average selling prices; operating margin was further impacted by strategic investments in R&D and advertising
• Shipped approximately 3.9 million units in the quarter, a 4% increase over the year ago quarter
• Pro forma EPS(1) of $0.51 for third quarter 2015
• Announced new products available for the fourth quarter including fitness and wellness devices incorporating Garmin Elevate" wrist-based heart rate technology and the babyCam" serving a new product category

More...

http://seekingalpha.com/pr/15138066-garmin-reports-third-quarter-2015-results-and-affirms-updated-guidance

Garmin misses by $0.10, misses on revenue

Jul 29 2015, 07:03 ET | About: Garmin Ltd. (GRMN) | By: Jignesh Mehta, SA News Editor

Garmin (NASDAQ:GRMN): Q2 EPS of $0.72 misses by $0.10.
Revenue of $773.84M (-0.5% Y/Y) misses by $2.06M.
Press Release

http://seekingalpha.com/news/2666625-garmin-misses-by-0_10-misses-on-revenue?uprof=45#email_link


Garmin Reports Second Quarter 2015 Results and Updated 2015 Guidance
Wed July 29, 2015 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended June 27, 2015.

Summary items for the quarter include:
• Total revenue of $774 million in the second quarter of 2015 with fitness, outdoor, aviation and marine delivering 61% of total revenue and collectively growing 11% over the year ago quarter
• The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by approximately $59 million, or 8%, in the second quarter of 2015
• Gross and operating margins were 54% and 22%, respectively, and were impacted by unfavorable currency movements and the higher mix of promotional products sold during the quarter
• Shipped over 4 million units in the quarter, an 8% increase over the year ago quarter
• GAAP and pro forma EPS of $0.72 for second quarter 2015
• Launched the Forerunner® 225 with wrist-based heart rate monitoring, camera enabled nüvi® and dzl" models, and the Edge® 20/25, the worlds smallest GPS enabled bike computers

(in thousands, except per share data)
13-Weeks Ended 26-Weeks Ended

June 27,
June 28, Yr over Yr June 27, June 28, Yr over Yr
2015 2014 Change 2015 2014 Change
Net sales $773,830 $777,848 -1% $1,359,224 $1,361,069 0%
Auto 298,878 350,036 -15% 515,004 592,988 -13%
Fitness 158,649 150,678 5% 289,644 250,965 15%
Outdoor 110,324 106,059 4% 186,239 190,044 -2%
Aviation 102,266 97,295 5% 200,327 193,289 4%
Marine 103,713 73,780 41% 168,010 133,783 26%

Gross profit % 54% 57% 56% 57%

Operating profit % 22% 28% 20% 25%

GAAP diluted EPS $0.72 $0.93 -23% $1.07 $1.54 -31%
Pro forma diluted EPS (1) $0.72 $1.02 -29% $1.26 $1.57 -20%

(1) See attached table for reconciliation of non-GAAP measures including pro forma diluted EPS


Executive Overview from Cliff Pemble, President and Chief Executive Officer:

Like many global companies, Garmin has experienced downward revenue and profit pressure due to recent unfavorable currency movements. In light of this reality, we feel positive about our first half revenue performance, said Cliff Pemble, president and chief executive officer (CEO) of Garmin Ltd. With our ongoing research and development efforts and exciting advertising plans, we believe that the foundation for long-term success is being established now.

More...

http://seekingalpha.com/pr/14231075-garmin-reports-second-quarter-2015-results-and-updated-2015-guidance

Garmin misses by $0.02, misses on revenue

Apr 29 2015, 07:01 ET | About: Garmin Ltd. (GRMN) | By: Jignesh Mehta, SA News Editor

Garmin (NASDAQ:GRMN): Q1 EPS of $0.55 misses by $0.02.
Revenue of $585.39M (+0.4% Y/Y) misses by $20.87M.
Press Release

http://seekingalpha.com/news/2464056-garmin-misses-by-0_02-misses-on-revenue?auth_param=ano5b:1ak1ek0:dc39cd85828bd2013652a144a459f225&uprof=45#email_link

Garmin Reports Solid First Quarter 2015 Margins and Operating Results
Wed April 29, 2015 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended March 28, 2015.

Highlights in the quarter include:
• Total revenue of $585 million in the first quarter of 2015 with fitness, outdoor, aviation and marine delivering 63% of total revenue and collectively growing 9% over the year ago quarter
• The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by approximately $38 million, or 7%, in the first quarter of 2015
• Gross margin improved from the prior year to 59% while operating margin remained strong at 19%
• Pro forma EPS of $0.55 for first quarter 2015, consistent with the prior year
• Launched vívofit" 2, vívoactive", and fnix® 3, highlighting our continued commitment to a broad product portfolio in the rapidly growing wearables category

More...

http://seekingalpha.com/pr/13306526-garmin-reports-solid-first-quarter-2015-margins-and-operating-results

Garmin misses by $0.01, beats on revenue

Feb 18 2015, 07:09 ET | About: Garmin Ltd. (GRMN) | By: Jignesh Mehta, SA News Editor

Garmin (NASDAQ:GRMN): Q4 EPS of $0.77 misses by $0.01.
Revenue of $803.31M (+5.7% Y/Y) beats by $13.37M.
Press Release

http://seekingalpha.com/news/2304996-garmin-misses-by-0_01-beats-on-revenue?auth_param=ano5b:1ae90b2:c34b1d16a0e3feb96f074a78483dd033&uprof=45#email_link


Garmin Reports Strong Fiscal 2014 Revenue and Pro Forma EPS Growth; Proposes Dividend Increase and Announces Share Repurchase Plan
Wed February 18, 2015 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the fiscal year and quarter ended December 27, 2014.

Highlights in the quarter include:
• Total revenue of $803 million in fourth quarter 2014 with non-automotive/mobile segments of outdoor, fitness, aviation and marine delivering 58% of total revenues
• Gross and operating margins of 54% and 22%, respectively
• Gained market share across a broad range of product categories including activity trackers and PNDs

Highlights for the fiscal year include:
• Total revenue of $2,871 million in 2014 with non-automotive/mobile segments of outdoor, fitness, aviation and marine growing a combined 23% over 2013 and contributing 57% of total revenue
• Gross and operating margins of 56% and 24%, respectively, improving from 2013 levels
• Continued diversification of revenue and profitability sources as we entered new product categories, broadened our range of offerings and grew market share
• Returned $602 million of cash to shareholders with quarterly dividends totaling $360 million and share repurchases of $242 million

More...

http://seekingalpha.com/pr/12549006-garmin-reports-strong-fiscal-2014-revenue-and-pro-forma-eps-growth-proposes-dividend-increase-and-announces-share-repurchase-plan

Garmin beats by $0.05, beats on revenue

Oct 29 2014, 07:02 ET | About: Garmin Ltd. (GRMN) | By: Jignesh Mehta, SA News Editor

Garmin (NASDAQ:GRMN): Q3 EPS of $0.76 beats by $0.05.
Revenue of $706.3M (+9.7% Y/Y) beats by $28.95M.
Press Release

http://seekingalpha.com/news/2069225-garmin-beats-by-0_05-beats-on-revenue?uprof=45#email_link


Garmin Reports Strong Revenue & Pro Forma EPS Growth in Third Quarter 2014
Wed October 29, 2014 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended September 27, 2014.

Highlights in the quarter include:
• Total revenue increased 10% to $706 million in third quarter 2014 with double digit growth in four of five reporting segments
• Gross and operating profit margins increased from the prior year quarter to 56% and 25%, respectively
• Operating income growth of $24 million, or 16%, to $176 million
• Executed the inter-company restructuring as announced in July 2014 resulting in additional tax expense of $308 million in the third quarter and contributing to a GAAP net loss per share of $0.76
• Pro forma EPS (1) growth of 10%; $0.76 for third quarter 2014 compared to $0.69 in the prior year
• Generated $202 million of free cash flow(1) in third quarter 2014

More...

http://seekingalpha.com/pr/11477305-garmin-reports-strong-revenue-and-pro-forma-eps-growth-in-third-quarter-2014

Garmin beats by $0.26, beats on revenue

Jul 30 2014, 07:15 ET | About: Garmin Ltd. (GRMN)

Garmin (NASDAQ:GRMN): Q2 EPS of $1.02 beats by $0.26.
Revenue of $777.8M (+11.7% Y/Y) beats by $68.55M.
Press Release


http://seekingalpha.com/news/1880175-garmin-beats-by-0_26-beats-on-revenue?app=1&uprof=45


Garmin Reports Strong Revenue & Pro Forma EPS Growth in Second Quarter 2014
Wed July 30, 2014 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended June 28, 2014.

Highlights in the quarter include:
• Total revenue of $778 million in second quarter 2014 with fitness and aviation delivering significant growth of 79% and 11%, respectively
• Gross and operating profit margins improved from the prior year quarter to 57% and 28%, respectively
• Pro forma EPS growth of 34%; $1.02 for second quarter 2014 compared to $0.76 in the prior year
• Announced the acquisition of Fusion® Electronics, a leading supplier of integrated marine audio equipment, which was completed in third quarter 2014
• Generated $143 million of free cash flow in second quarter 2014


http://seekingalpha.com/pr/10611635-garmin-reports-strong-revenue-and-pro-forma-eps-growth-in-second-quarter-2014

Garmin beats by $0.11, beats on revenue

Apr 30 2014, 07:04 ET

Garmin (GRMN): Q1 EPS of $0.55 beats by $0.11.
Revenue of $583.22M (+9.6% Y/Y) beats by $42.22M.
Press Release


http://seekingalpha.com/news/1707633-garmin-beats-by-0_11-beats-on-revenue?isDirectRoadblock=false&uprof=45

Garmin Reports EPS Growth in First Quarter 2014 with Strong Revenue and Margins

http://seekingalpha.com/pr/9736943-garmin-reports-eps-growth-in-first-quarter-2014-with-strong-revenue-and-margins

Garmin Ltd. beats by $0.14, beats on revenue

Feb 19 2014, 07:03 ET

Garmin Ltd. (GRMN): Q4 EPS of $0.76 beats by $0.14.
Revenue of $760M (-1.1% Y/Y) beats by $47.22M.

http://seekingalpha.com/news/1576231-garmin-ltd-beats-by-0_14-beats-on-revenue?source=email_rt_mc_readmore

Garmin Ltd. declares $0.45 dividend

Feb 19 2014, 07:24 ET

Garmin Ltd. (GRMN) declares $0.45/share quarterly dividend, in line with prior.
Forward yield 3.82%
Payable March 17; for shareholders of record June 30; ex-div June 26.


http://seekingalpha.com/news/1576171-garmin-ltd-declares-0_45-dividend?source=email_rt_mc_readmore

Garmin go BOOM!

Garmin beats by $0.10, beats on revenues

Garmin (GRMN): Q3 EPS of $0.69 beats by $0.10.
Revenue of $644M (-4% Y/Y) beats by $15.5M. (PR)


http://seekingalpha.com/currents/post/1368292?source=email_rt_mc_readmore

An expected $60 million increase in research and development at Garmin Ltd. this year would be the largest ever at the navigational device-maker, an analyst said Monday.

The increase comes as Garmin (Nasdaq: GRMN) is investing in aviation, marine and other segments outside the declining personal navigation device market.

"Garmin has never been squeamish about investing in R&D, but the planned 2013 increase is hefty even by its standards," Yair Reiner of Oppenheimer & Co. said in an analyst note.

On Wednesday, Garmin divulged double-digit decreases in revenue and income in the fourth quarter.

Good thing I was just thinking about getting into GRMN. 10% drop today....

Still thinking about it but I am in no hurry.

I ran across an article in Aviation Week and Space Technology magazine. Apparently Garmin wants to provide all the dashboard technology in cars not just GPS. If the OEMs decide to use Garmin's system, then Garmin could be selling millions of them.

"Taking over the entire dashboard of your car might seem like a logical progression from the handheld navigation device — Garmin's longtime staple product — and that's exactly what the so-called K2 intends to do. Featuring a 10-inch center display paired with a 12-inch unit in place of a traditional instrument cluster, the system introduced today at CES is a lot like Cadillac's CUE in principle: it's trying to rid the driver's line of sight of old-school analog gauges that have dominated cars for the better part of the last century.


Besides the expected features of a modern car cockpit like voice recognition, smartphone integration, and Bluetooth, there are a few stand-outs. The K2's center display supports both multitouch and gloved hands (akin to Nokia's Lumia 820 and 920), and the entire thing can be configured through a web portal that the driver accesses from his or her home computer — dozens of settings are probably easier to configure through a website than they are with a fingertip and a fiddly user interface on the road.

Interestingly, the K2 is one of the first products to be announced with TI's next-gen OMAP 5 processor, a competitor to Qualcomm's high-end Snapdragons and Nvidia's Tegra 3 and Tegra 4. You can't simply buy the rig and install it in your car, of course: Garmin's pitching it to automakers, some of which already use the company's technology in production cars (Chrysler and Honda, for example)."