Welcome to our dedicated page for Garmin news (Ticker: GRMN), a resource for investors and traders seeking the latest updates and insights on Garmin stock.
Garmin Ltd. (NYSE: GRMN) is a globally recognized leader in the development of GPS-enabled hardware and software across five verticals: fitness, outdoors, auto, aviation, and marine. Established in 1989 in Kansas City, Garmin has grown exponentially, maintaining its entrepreneurial spirit while fostering a culture where every voice counts. This ethos drives the company’s innovative spirit, making technology accessible and meaningful to a global audience.
Garmin’s product portfolio includes a wide range of devices tailored to meet the needs of various niche activities such as scuba diving, sailing, and off-road adventures. The company’s GPS systems are known for their reliability and precision, making them favorites among athletes, outdoor enthusiasts, and professionals alike. Garmin's presence is truly global, with operations in over 100 countries and a diverse network of distributors and original equipment manufacturer (OEM) partnerships.
Recently, Garmin has made significant strides in expanding its offerings and enhancing product capabilities. For instance, the company’s Unified Cabin™ automotive suite was showcased at CES 2024, featuring advanced technologies like Dolby Atmos audio, zoned voice assistance, and improved device connectivity. Garmin's collaboration with leading automobile manufacturers such as BMW, Daimler, Ford, and Honda further underscores its commitment to innovation and quality.
In the marine segment, Garmin launched the Panoptix™ PS70, a groundbreaking live sonar device capable of providing real-time views at depths of up to 1,000 feet. This technology offers a video-like experience with rapid updates, setting a new standard for deep-sea sportfishing. The company's marine products continue to revolutionize the industry, earning accolades and solidifying Garmin's position as a market leader.
Financially, Garmin is robust, consistently achieving record revenue in multiple segments. In 2023, the company reported record full-year revenue across three of its five segments, driven by the successful launch of new products and strong market demand. Garmin’s financial health is further highlighted by its significant operating cash flow and a well-maintained dividend policy, ensuring long-term value for shareholders.
Garmin’s future projects and partnerships are indicative of its forward-looking strategy. The company continues to collaborate with industry leaders like Kawasaki and Vuzix to integrate advanced technologies into its offerings, ensuring that it remains at the forefront of innovation in the tech world.
Garmin (GRMN) reported strong Q4 and full-year 2024 results, achieving record revenue and profit. Q4 revenue reached $1.82 billion, up 23% year-over-year, with operating income increasing 52% to $516 million. The company's gross margin expanded to 59.3% from 58.3%.
For fiscal year 2024, Garmin posted record consolidated revenue of $6.30 billion, a 20% increase, with all segments achieving record full-year revenue. Operating income reached a record $1.59 billion, up 46%. The company's pro forma EPS grew 32% to $7.39.
Looking ahead to 2025, Garmin expects revenue of approximately $6.80 billion, an 8% increase, with pro forma EPS of $7.80. The Board proposed a 20% dividend increase to $3.60 per share, payable in four quarterly installments of $0.90.
Garmin (NYSE: GRMN) has unveiled the Descent G2, a sophisticated watch-style dive computer priced at $699.99. The device features a 1.2" AMOLED display and is constructed with recycled ocean-bound plastics, offering up to 10 days of battery life in smartwatch mode. The G2 supports multiple dive modes including technical diving and freediving, while incorporating a dive readiness score feature.
The watch includes comprehensive diving capabilities such as single and multi-gas tracking, closed-circuit rebreather support, and an in-dive compass. For freedivers, it offers dynamic apnea mode, custom alerts, and velocity tracking. Above water, the G2 provides extensive health monitoring features including 24/7 heart rate tracking, sleep analysis, and training insights. The device is compatible with both Apple and Android smartphones, offering connectivity features like email notifications and Garmin Pay.
Garmin (NYSE: GRMN) has been named one of the Most Innovative Fitness and Wellness Companies of 2025 by Athletech News, primarily for its groundbreaking HRM-Fit heart rate monitor designed specifically for women. This innovative device clips directly onto medium- and high-support sports bras, providing accurate real-time heart rate and training data across various activities including running, cycling, strength training, and HIIT.
The development of the HRM-Fit was led by a women-focused team, demonstrating Garmin's commitment to creating user-centric products. The device has received endorsement from professional athletes, including 1500-meter runner Cory McGee, who praised its comfort, dependability, and usefulness for runners of all levels.
This recognition highlights Garmin's 35-year legacy of technological innovation in the fitness and wellness industry, reinforcing their commitment to developing technology that helps people stay active and enhance their performance.
Garmin (NYSE: GRMN) has launched SERV+, a new smart RV control panel featuring a touchscreen display available in 7-inch ($599.99) and 10-inch ($799.99) sizes. The all-in-one system allows users to control various RV functions including entertainment, security cameras, temperature, and other cabin systems from a single interface.
Key features include integration with Garmin, Fusion, EmpirBus, and JL Audio products, smartphone control via the Garmin RV Controls App, voice command capabilities activated by saying 'OK, Garmin', and security camera feed monitoring. The display can be mounted in portrait or landscape orientation and installed either as a standalone unit or as part of an interconnected system. Manufacturers can customize the interface with their own branding.
Garmin (NYSE: GRMN) has launched the Approach G20 Solar, the first solar-powered GPS golf handheld offering unlimited battery life in sunny conditions. The device features a 2.2-inch high-contrast screen displaying distances to the front, middle, and back of the green, with large, easily readable numbers.
Priced at $299.99, the device can operate for up to 36 rounds without solar charging in sub-optimal conditions. Key features include over 43,000 preloaded worldwide courses, wireless course updates, green view with manual pin placements, and automatic shot tracking when paired with Approach CT10 club tracking tags.
The device can be mounted on golf carts or belts, includes Find My Garmin functionality through the Garmin Golf app, and features an IPX7 water rating for weather resistance. When paired with the Garmin Golf app, users can access wind speed and direction data and keep score on the device.
Garmin (NYSE: GRMN) has unveiled two new golf smartwatches, the Approach S44 and Approach S50, featuring 1.2-inch color AMOLED displays and preloaded maps of over 43,000 golf courses. Both devices offer up to 15 hours of battery life in GPS mode and include essential golf features like hazard view and distance measurements.
The Approach S44, priced at $299.99, provides basic golf features and smart notifications when paired with smartphones. The Approach S50, at $399.99, adds PlaysLike distance feature and includes health monitoring capabilities such as heart rate tracking, sleep monitoring, and fitness metrics.
Both watches are compatible with the new Approach CT1 tracking tags (sold separately at $99.99 for 16 sensors), which attach to golf clubs to collect data on shot locations, distances, and club type. Enhanced features are available through a Garmin Golf Membership ($9.99/month or $99.99/year).
Garmin (NYSE: GRMN) has announced the launch of the new APK 10 Autopilot Keypad, designed for enhanced control of their Reactor 40 autopilot system. The device features an LED-encircled rotary knob for precise heading control, along with dedicated engage and standby buttons, plus two customizable multipurpose buttons.
Key features include a tactile design for better control in choppy conditions, LED-backlit knob displaying autopilot status, and a compact form factor allowing both horizontal and vertical mounting. The device connects to NMEA 2000 networks through a single port for integration and power.
The APK 10 is priced at $399.99 and is compatible with all Garmin Reactor 40 Autopilots, including the Reactor 40 Hydraulic Autopilot with SmartPump v2. Garmin has been named Manufacturer of the Year by the National Marine Electronics Association for ten consecutive years.
Garmin (NYSE: GRMN) has expanded its ECG App availability to customers in Australia and the European Union for compatible smartwatches, including Venu 3 Series and fēnix 8 Series. The app enables users to record 30-second ECGs and check for atrial fibrillation (AFib) signs directly from their smartwatch.
This marks Garmin's first smartwatch feature classified as a medical device in these regions. Users can view results immediately on their watch or through the Garmin Connect smartphone app, where they can also create shareable healthcare provider reports. The ECG App is specifically designed for adults aged 22 and over, functioning similarly to a Lead I ECG for detecting AFib or normal sinus rhythm.
The company plans to expand both its portfolio of ECG-compatible products and regional availability pending regulatory approvals. The feature requires the latest version of Garmin Connect app and smartwatch software.
Garmin (NYSE: GRMN) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Wednesday, February 19, 2025, at 10:30 a.m. EDT. The company will release its earnings report before the market opens on the same day.
Shareholders, investors, and analysts can participate in the call through a live webcast available at Garmin's investor relations website. U.S. and Canadian participants can join via phone by dialing 1.800.715.9871. The webcast archive will remain accessible until February 18, 2026. Participants are advised to join 10 minutes before the call starts.
Garmin (NYSE: GRMN) has unveiled its new Montana® series of handheld GPS navigators, featuring the Montana 710, 710i, and 760i models. The devices come with 5-inch color touchscreen displays that are glove-friendly and durable, designed for various outdoor activities including hiking and mountain biking.
Key features include preloaded TopoActive maps, worldwide topographical coverage, and multiple mounting options for various vehicles. The 710i and 760i models incorporate inReach® technology for satellite communication capabilities, enabling two-way text messaging and SOS services through the Iridium® satellite network when beyond cellular coverage.
The series offers up to 24 hours of battery life in GPS mode and 440 hours in expedition mode, with IPX7 water resistance rating. The Montana 760i additionally features an 8-megapixel camera with geotagging capabilities. Prices range from $649.99 to $899.99.
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