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 (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.
Garmin (NYSE: GRMN) has unveiled its new Instinct 3 Series smartwatches, featuring both AMOLED and solar-powered display options. The series introduces significant upgrades including a metal-reinforced bezel, built-in LED flashlights, and enhanced durability with MIL-STD 810 certification and 100-meter water resistance.
Available in 45mm and 50mm sizes, the watches offer impressive battery life with AMOLED models lasting up to 24 days in smartwatch mode, while solar models can achieve unlimited battery life under optimal conditions. The new 50mm Instinct 3 Solar provides five times more battery life in GPS mode compared to its predecessor.
Key features include advanced health monitoring, smart notifications, Garmin Pay, multi-band GPS, and various sports apps. The series will be available from January 10th, with AMOLED models starting at $449.99 and solar charging models at $399.99.
Garmin (NYSE: GRMN) has launched the zūmo R1 Radar, its first purpose-built radar system for motorcycles, priced at $599.99. The system enhances rider safety through rearview and blind spot monitoring, featuring side-facing amber lights and an optional rear-facing red light to increase visibility.
The device includes handlebar indicator lights alerting riders of approaching vehicles and can be connected to the zūmo Radar mobile app or zūmo XT2 navigator. Key features include a full-screen radar display, audio alerts via compatible helmet/headset, and adjustable light and alert settings.
The system mounts above or below the license plate, features IP67 dust and water rating, and requires hard-wiring into the motorcycle's electrical system. The product is designed to withstand harsh environments while maintaining motorcycle aesthetics.
Garmin (NYSE: GRMN) has unveiled its latest automotive infotainment solution, Unified Cabin™ 2025, at CES 2025, earning a CES Innovation Award. The system delivers a complete digital cockpit experience across four seating positions with six displays, including a new ultra-wide front display.
Key innovations include Generative AI for theme customization and personalized voice assistance, Ultra-Wide Band technology for Child Presence Detection and Device AutoLink, and Dynamic Zoned Audio allowing unique audio streams for each seat. The system features enhanced computer vision, augmented reality for blind spot detection, and new app and screen sharing capabilities.
Built on the Android Automotive Operating System, Unified Cabin 2025 operates from a single System on Chip, offering a scalable solution for both premium and mainline automotive brands. The system integrates with Tianma Microelectronics displays and Corning Gorilla Glass for automotive interiors.
Garmin (GRMN) and Qualcomm Technologies announced their expanded automotive collaboration at CES 2025, introducing the Garmin Unified Cabin™ 2025, a next-generation digital cockpit solution. The system features scalable domain controller capabilities powered by Qualcomm's Snapdragon® Cockpit Elite platform.
The new solution incorporates enhanced onboard generative AI through a dedicated Neural Processing Unit (NPU), supporting theme customization and voice assistants. It's powered by Qualcomm's highest-performing CPU, Qualcomm Oryon™, improved Adreno™ GPU, and Hexagon™ NPU for superior multimodal AI performance.
This collaboration builds upon their partnership that began in 2019, with the first Unified Cabin iteration launched in 2022. The system will be showcased at CES 2025 in Las Vegas from January 7-9 at the Garmin booth.
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