Announcement marks first selection of the state-of-the-art avionics suite for the military training marketOLATHE, Kan., March 25, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced its G3000® PRIME tandem integrated flight deck has been selected by Pilatus for its PC-7 MKX military training aircraft. Providing a smooth transition to modern military training avionics, G3000 PRIME's highly flexible open system architecture allows for seamless integration to enable the use of third-party cockpit displays ...

Leading international boat builder group honors Garmin marinefor outstanding service and support for second year in a row OLATHE, Kan., March 20, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced it was awarded the prestigious Supplier of the Year distinction by Independent Boat Builders, Inc. (IBBI). The marine industry's largest purchasing cooperative, IBBI is comprised of a 15-owner network of leading boat brands that col ...

Company Performance - Garmin's stock closed at $208.77, reflecting a +1.04% change from the previous session, underperforming compared to the S&P 500's daily gain of 1.08% [1] - Over the past month, Garmin shares experienced a loss of 3.79%, which is better than the Computer and Technology sector's loss of 13.17% and the S&P 500's loss of 8.26% [1] Upcoming Earnings - Garmin is projected to report earnings of $1.62 per share, indicating a year-over-year growth of 14.08%, with revenue expected to reach $1.55 billion, up 11.95% from the prior-year quarter [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for Garmin are earnings of $8.25 per share and revenue of $6.87 billion, representing year-over-year changes of +11.64% and +9.09%, respectively [3] Analyst Sentiment - Recent changes to analyst estimates for Garmin reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [3][4] Zacks Rank - Garmin currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate having increased by 2.41% in the past month [5] Valuation Metrics - Garmin's Forward P/E ratio stands at 25.05, which is a premium compared to the industry's average Forward P/E of 19.45 [6] - The company has a PEG ratio of 1.16, which is lower than the Electronics - Miscellaneous Products industry's average PEG ratio of 1.44 [7] Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, ranks in the bottom 40% of all industries, with a current Zacks Industry Rank of 152 [8]

Award honors Garmin for superior service, support and innovation OLATHE, Kan., March 19, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) is proud to announce it received the prestigious Supplier of the Year honor from Cirrus Aircraft at PX25, their Supplier Conference held February 26 in Knoxville, Tennessee. Cirrus Aircraft, an aerospace leader in personal aviation, recognizes one strategic supplier that has exemplified outstanding performance, innovation and collaboration, playing a crucial role in advancing Cir ...

The pilot study revealed several statistically significant findings. And while initial results need to be corroborated through the larger global study, they illustrated an important relationship between sleep, exercise and happiness. Key findings included: Daily physical activity and adequate sleep, both measured by Garmin devices, were strongly correlated with increased happiness and reduced levels of stress. Emotional stability varied by age, with older adults showing more stability and younger adults mo ...

Announcement marks first certified aircraft with G3000 PRIMEOLATHE, Kan., March 17, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced its industry-leading G3000® PRIME integrated flight deck has been selected by Pilatus for its new PC-12 PRO aircraft. With a modern user interface design and advanced connectivity, G3000 PRIME leverages cutting-edge technologies that can enhance safety potential and efficiency while minimizing pilot workload in every phase of flight. Garmin G3000 PRIME unveiled as i ...

Garmin Connect data shows users have been sleeping better over the last yearOLATHE, Kan., March 14, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) is celebrating World Sleep Day with a look at all the ways Garmin smartwatches can help users appreciate how a good night's sleep can enhance their well-being and performance. Insights from the Garmin Connect community show that over the last year Garmin users recorded an average sleep score of 72, up from an average score of 70 during the previous year1. Thanks to Gar ...

Garmin (GRMN) stock has gained 45.3% the past year, outperforming the Zacks Computer and Technology sector, The Technology Select Sector SPDR Fund (XLK) , and the S&P 500 index’s return of 5.7%, 1.4% and 8.6%, respectively.The company has outperformed the Zacks Electronics - Miscellaneous Products industry, which declined  47.7% in the same time frame.Although Garmin’s outperformance reflects investors’ confidence in Garmin’s robust product portfolio and strong financials, it also raises the question: Shoul ...

From off-road cyclists and Olympians to pilots and collegiate anglers, Garmin is proud to support these women who are making a powerful impact in their industryOLATHE, Kan., March 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) is celebrating International Women's Day by spotlighting some of the incredible female athletes and ambassadors who use Garmin products in their professions. From land to sea to air, Garmin makes products to fuel its customers' passions, and these women are excelling at just about everyt ...

Core Insights - Garmin reported exceptional financial performance in 2024, achieving record revenue and substantial margin expansion across all business segments [1][2][3] Financial Performance - Consolidated revenue increased by 20% to $6.3 billion for the full year 2024, with operating income jumping 46% to nearly $1.6 billion [3] - Operating margins expanded to 25%, reflecting improved gross margins and operating leverage [3] Product Innovation - Continued investment in product innovation is creating growth opportunities, with the launch of significant new products such as the Approach R50 golf launch monitor and the Descent X50i dive computer [4][5] Fitness Segment Growth - The fitness segment experienced exceptional performance, with revenue increasing by 32% to $1.77 billion and operating income more than doubling year over year to $483 million [7] - Gross margin in the fitness segment was 58%, a 480 basis point improvement over the prior year, with operating margin expanding approximately 1,000 basis points to 27% [7][8] Market Outlook - Management expressed confidence in continued growth for 2025, anticipating consolidated revenue to increase approximately 8% to $6.8 billion [9] - A proposed 20% dividend increase is set to be voted on by shareholders at the upcoming annual meeting [9] Future Plans - The company plans to build on its success through continued product innovation, with many product launches planned for 2025, including new categories for Garmin [10]