Core Message - Garmin has launched an ECG App for compatible smartwatches in Australia and the European Union, enabling users to record heart rhythms and detect signs of atrial fibrillation (AFib) [1][2][3] Product Features - The ECG App allows users to record a 30-second ECG and view results immediately on the watch or via the Garmin Connect smartphone app [1] - The app uses sensors on compatible Garmin smartwatches to record electrical signals and analyze them for AFib signs [3] - Users can sync ECG results to Garmin Connect, view historical data, and create reports to share with healthcare providers [3] Regulatory and Availability - The ECG App is classified as a Class IIa medical device under the EU Medical Device Regulation (MDR) (EU) 2017/745 [6] - It is currently available in Australia and the European Union, with plans to expand to other regions pending regulatory approvals [4] - The app is compatible with select Garmin smartwatches, including the Venu 3 Series and fēnix 8 Series [1][6] Company Strategy - Garmin aims to continue expanding its portfolio of products supporting the ECG App and launching it in new regions [4] - The company emphasizes innovation in health and wellness, focusing on developing tools that help users lead healthier lives [5] Product Limitations - The ECG App is intended for adults aged 22 and over and is not a replacement for traditional diagnosis or treatment methods [6] - Users experiencing symptoms of serious cardiovascular conditions are advised to consult a doctor rather than relying solely on the device [6]

Core Viewpoint - Garmin Ltd. is set to hold its fourth quarter 2024 earnings conference call on February 19, 2025, at 10:30 a.m. EDT, which will be accompanied by the earnings release prior to market opening on the same day [1]. Group 1 - The earnings call will be accessible via a live webcast, with an archive available until February 18, 2026 [1]. - Participants in the U.S. and Canada can join the call by phone, with a recommendation to dial in 10 minutes early [2]. - Garmin Ltd. is committed to innovation in technology that enhances performance for athletes and active individuals [2]. Group 2 - Garmin Ltd. is incorporated in Switzerland, with principal subsidiaries located in the United States, Taiwan, and the United Kingdom [2]. - The company emphasizes its dedication to developing products that revolutionize the experience for runners, cyclists, swimmers, and athletes of all levels [2]. - Investor and media contacts are provided for further inquiries [3].

Macroeconomic Challenges - Challenging macroeconomic conditions globally, with enterprises reluctant to commit to multi-year deals due to persistent inflation and unfavorable forex trends [1] - High levels of distributor inventories and steep interest rates further exacerbate the industry's struggles [4] Industry Valuation and Performance - The industry is currently trading at a forward 12-month P/E of 13.11X, compared to the S&P 500's 21.78X and the sector's 26.62X [3] - Over the last five years, the industry has traded as high as 22.49X and as low as 10.92X, with a median of 16.52X [3] - The industry has declined 29% in the past year, underperforming the S&P 500's 23% return and the broader sector's 30.4% appreciation [8] Industry Description and Trends - The industry includes manufacturers of air-conditioning systems, green energy solutions, GPS navigation, home automation, healthcare devices, robotics, and semiconductor applications [5] - Digital transformation and growing demand for silicon are key drivers, with increasing manufacturing costs benefiting equipment suppliers [5] - Solid capital spending, particularly in semiconductor manufacturing capacity expansion, is a long-term catalyst despite near-term macroeconomic challenges [6] - Rising spending on advanced nodes (7 nm, 5 nm, and 3 nm processes) from logic and foundry customers favors industry participants [6] Emerging Markets and Growth Drivers - Strong demand for wearables, AR, and VR-supported display systems in defense, industrial, consumer, and healthcare markets is driving growth [15] - The adoption of AR and VR is increasing due to the growing proliferation of the metaverse [15] Industry Ranking and Earnings Outlook - The industry carries a Zacks Industry Rank 160, placing it in the bottom 36% of over 250 Zacks industries [7] - Earnings estimates for the industry have declined by 11.4% since July 31, 2024, reflecting analyst pessimism about earnings growth potential [16] Key Companies and Performance - Garmin (GRMN) is benefiting from strong momentum in the Fitness and Auto OEM segments, with shares up 68.9% in a year [18][19] - Greenland Technologies (GTEC) is benefiting from the launch of its all-electric vehicle model H65L, despite shares losing 43.7% in a year [11] - Kopin (KOPN) is seeing an expanding order book and new product launches, though shares have fallen 45.6% in a year [13] Future Growth Catalysts - Fab expansion in the United States, South Korea, Taiwan, and China, along with higher spending on memory equipment, is expected to drive growth in 2025 and beyond [4] - Continued investments in data centers, high-performance computing, and 5G end markets are key catalysts for the industry [4]

Garmin (GRMN) , a global leader in wearable technology and GPS navigation, has been on a remarkable run with its share price surging 71.5% over the past year. The stock has outperformed the Electronics - Miscellaneous Products industry’s decline of 28.1% and the Zacks Computer and Technology sector’s growth of 33.5%.Over the same time frame, Garmin also outperformed its industry peers, including Electrovaya (ELVA) , Greenland Technologies (GTEC) and Kopin (KOPN) . In the past year, shares of ELVA, GTEC and ...

Product Features - The new Montana series includes the Montana 710, Montana 710i, and Montana 760i, featuring durable 5-inch color touchscreen displays that are glove-friendly and versatile for various outdoor activities [1] - The devices are compatible with multiple mounting options for use on ATVs, boats, cars, motorcycles, RVs, and other vehicles [1] - Preloaded TopoActive maps provide terrain contours, elevations, coastlines, rivers, landmarks, and more [1] - The Montana 710i and Montana 760i include built-in inReach® technology for satellite communication, enabling two-way text messaging, location tracking, and emergency SOS messaging via the Iridium® satellite network [3] - The series is designed to handle rugged outdoor conditions, tested to U.S. military standards (MIL-STD-810) for thermal, shock, and vibration, and has an IPX7 water resistance rating [7] - The Montana 760i features an 8-megapixel camera that automatically geotags photos with coordinates [8] Mapping and Navigation - Preloaded worldwide TopoActive maps are optimized for outdoor activities, showing terrain contours, summits, coastlines, and more [6] - High-resolution satellite imagery can be downloaded directly to the device over Wi-Fi®, providing photorealistic views of routes and surrounding terrain [6] - Federal Public Land Boundaries can be displayed as an overlay on topographic maps to help users stay on track [6] - City Navigator® mapping is available for turn-by-turn directions on roads, but only in the Montana 710i and 760i models [6][10] - Outdoor Maps+ subscription offers additional premium mapping content, including elevation contours, land boundaries, and wildlife areas [6] - The devices support multi-GNSS, accessing both GPS and Galileo satellite networks for better performance in challenging environments [6] Battery and Connectivity - The Montana series is powered by a rechargeable lithium-ion battery pack, providing up to 24 hours of battery life in GPS mode and up to 440 hours in expedition mode [7] - Recharging is done via a standard USB-C® cable [7] - Built-in sensors include an altimeter, barometer, and three-axis electronic compass for enhanced navigation [6] Pricing and Availability - The Montana 710, 710i, and 760i are available now with suggested retail prices ranging from $649.99 to $899.99 [8] Company Overview - Garmin Ltd is incorporated in Switzerland, with principal subsidiaries in the United States, Taiwan, and the United Kingdom [11] - The company is known for developing products that enhance outdoor experiences and provide peace of mind for adventurers, athletes, and outdoor enthusiasts [9]

Garmin (GRMN) has been on a remarkable trajectory, with its stock rallying 68.9% over the past year. This stock has significantly outperformed the Electronics - Miscellaneous Products industry’s decline of 28.3% and the Zacks Computer and Technology sector’s growth of 38.1%.Over the same time frame, Garmin also outperformed its industry peers, including Electrovaya (ELVA) , Greenland Technologies (GTEC) and Kopin (KOPN) . In the past year, shares of ELVA, GTEC and KOPN have plunged 39%, 28.7% and 28.3%, res ...

Boldly designed for an active lifestyle, the newest smartwatches offer bright AMOLED or solar-charged displays, a metal-reinforced bezel and built-in LED flashlights on all modelsOLATHE, Kan., Jan. 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Instinct® 3 Series, its newest lineup of rugged smartwatches, now offered with a brilliant AMOLED or solar-powered display for maximum battery life. Designed with adventurers in mind, Instinct 3 Series adds a metal-reinforced bezel for extreme durabi ...

Innovative motorcycle radar system heightens situational awareness with external lights to help foster a safer riding environmentOLATHE, Kan., Jan. 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the trailblazing zūmo™ R1 Radar, its first purpose-built radar system for motorcycles. Sleek and discreet, the robust system provides riders with high-performance rearview and blind spot monitoring. The device features two side-facing amber lights and an optional rear-facing red light that can help maxi ...

Award-winning digital cockpit solution integrates new Generative AI theming, child presence detection, and zoned audio and video features—all from a single Garmin control moduleOLATHE, Kan., Jan. 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) is unveiling its latest automotive infotainment and electronics solution for global automakers, Unified Cabin™ 2025, at the Consumer Electronics Show (CES®) in Las Vegas this week. Selected as a CES 2025 Innovation Award Honoree, the latest iteration of Unified Cabin deli ...

Garmin (GRMN) ended the recent trading session at $207.15, demonstrating a +1.27% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.26%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 1.77%.Prior to today's trading, shares of the maker of personal navigation devices had lost 5.56% over the past month. This has lagged the Computer and Technology sector's gain of 0.84% and the S&P 500's loss of 2.82% in that time.The upcoming earnings release of ...