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 Ltd. (NYSE: GRMN) is set to receive European Union Aviation Safety Agency (EASA) approval for the G5000 integrated flight deck, enhancing the Cessna Citation Excel and XLS aircraft.
Over 100 upgrades have already been sold, significantly reducing operational costs and improving pilot situational awareness.
The upgrade features advanced functionalities like a digital Automatic Flight Control System, ADS-B Out compliance, and additional options such as synthetic vision technology and advanced Doppler radar.
Garmin has unveiled the second generation of its luxury smartwatch collection, MARQ, featuring five models: MARQ Athlete, Adventurer, Golfer, Captain, and Aviator. Each watch is crafted from Grade-5 titanium and boasts a vibrant AMOLED touchscreen. Key features include a battery life of up to 16 days, advanced health tracking, and a Jet Lag Adviser for travelers. The collection supports multi-band GNSS for enhanced positioning accuracy. Prices range from $1,900 to $2,400, available this month. The MARQ collection exemplifies Garmin's commitment to innovation and quality in wearable technology.
Garmin International, a unit of Garmin Ltd. (NYSE: GRMN), announced the winners of the 2022 Garmin Health Awards during the Garmin Health Summit in Rome on September 29-30. The awards recognize innovative health solutions utilizing Garmin technology. Categories included Engagement, Health Care, and Insurance, with notable winners such as Wild AI, Kyushu Institute of Technology, and Nan Shan Life Insurance Co. The event showcased advancements in health and wellness, demonstrating the successful integration of Garmin devices in improving healthcare outcomes.
Garmin Ltd. (NYSE: GRMN) has announced its upcoming third quarter 2022 earnings conference call, scheduled for October 26, 2022, at 10:30 a.m. EDT. The earnings release will precede the call and be available before market opening on the same day. Investors can join the live webcast here, with an archive available until October 25, 2023. Participants wishing to join via phone must register to receive a dial-in number and unique PIN.
Garmin has introduced the inReach® Messenger, a compact, lightweight device designed for global communication in areas without cellular coverage. Weighing only 4 oz. and offering two-way texting, location sharing, and SOS capabilities, this device can operate independently or in conjunction with the new Garmin Messenger app. The inReach Messenger features a dedicated SOS button, sends distress messages to Garmin's 24/7 emergency response center, and supports group chats. Available now for
Garmin has launched its first smart blood pressure monitor, the Index BPM, which is FDA-cleared for at-home blood pressure monitoring. This device features an integrated display for instant readings and can sync data with the Garmin Connect app via Wi-Fi. Offering up to 9 months of battery life, the Index BPM can monitor up to 16 users and track their health data over time. It is currently available for $149.99, compatible with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA).
Garmin has expanded its OneHelm integration platform by incorporating new marine brands, enhancing control of onboard systems via Garmin multifunction displays (MFDs). This innovation aims to streamline boating operations while improving safety and efficiency. New integrations include Hefring Marine’s IMAS for safety, Honda’s engine data display, and Smartgyro’s stabilizers for enhanced control. OneHelm is compatible with various GPSMAP series. Garmin continues to lead in marine electronics innovation, recently being named Manufacturer of the Year by NMEA.
Garmin Ltd. (NYSE: GRMN) has launched the inReach® Mini 2 Marine Bundle, a compact satellite communicator designed for maritime use. This device offers two-way messaging, location tracking, and SOS capabilities through the Iridium satellite network, ensuring connectivity even outside of cellphone range. Weighing just 3.5 ounces, it features a long battery life of up to 14 days and includes a marine mount for easy access. Priced at $449.99, it is set for availability this month, reinforcing Garmin's commitment to enhancing safety for boaters.
Garmin International announced the selection of its G3000 integrated flight deck for the U.S. Department of Defense’s ARTEMIS program, aimed at enhancing the F-5 aircraft fleet. This contract builds on a prior collaboration with Tactical Air Support, which first adopted the G3000 in 2018. The upgrade introduces advanced features such as mission integration capabilities and modern safety systems, addressing obsolescence in the existing avionics.
Garmin Ltd. (NYSE: GRMN) has launched the new Venu Sq 2 and Venu Sq 2 – Music Edition smartwatches, featuring a bright AMOLED display and a battery life of up to 11 days. These affordable GPS smartwatches offer comprehensive health monitoring, including heart rate tracking, sleep analysis, stress tracking, and more. The Venu Sq 2 – Music Edition allows users to store up to 500 songs for offline listening. Priced at $249.99 and $299.99 respectively, these models are designed to keep users connected and active without frequent charging.
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