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 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.
Garmin (GRMN) has released its 2024 Garmin Connect Data Report, showcasing health and fitness trends from its global user base. Key findings include an average Body Battery level of 71, with users most energetic on Tuesdays, and an average sleep score of 71, with Dutch users achieving the best sleep quality. The report revealed an average daily step count of 8,317 and showed users are typically 2.48 years 'younger' than their chronological age based on fitness metrics.
Significant activity growth was observed in several categories, with track running increasing by 65%, HIIT by 56%, Pilates by 42%, E-bike riding by 38%, and indoor rock climbing by 31%. The data also showed training patterns linked to seasonality, with peak performance typically occurring during summer months.
Garmin (NYSE: GRMN) announced its Unified Cabin™ domain controller has been named a CES® 2025 Innovation Award Honoree in the in-vehicle entertainment category. The solution offers automakers a scalable portfolio of technologies providing personalized infotainment experiences. Built on Android Automotive Operating System, it features AI-driven customization, remembering passenger preferences and managing entertainment settings through a single control module. The system will showcase new features at CES 2025, including enhanced theming options and generative AI integrations.
Garmin's inReach Messenger Plus has been awarded the prestigious 2025 CES Best of Innovation award in the Mobile Devices, Accessories & Apps category. The device stands out among over 3,400 submissions, with less than 1% receiving this honor. This innovative satellite communicator features photo and voice messaging capabilities, along with global two-way texting, location sharing, and SOS functionalities.
The device offers weeks of battery life and can be used standalone or paired with the Garmin Messenger mobile app. In emergencies, it connects to Garmin Response, a 24/7 international emergency assistance center, allowing users to share photo and voice messages during SOS situations. Garmin's inReach technology has already contributed to over 15,000 SOS activations.
Garmin (NYSE: GRMN) has been awarded the prestigious Laureate Award in the Business Aviation category from Aviation Week Network for its innovative Runway Occupancy Awareness (ROA) technology. The ROA system is the first certified solution designed to prevent runway incursions by monitoring nearby aircraft and ground vehicles using Surface Indications and Alert (SURF-IA) technology and ADS-B traffic monitoring.
The technology provides visual and aural alerts to flight crews about potential runway hazards, using Garmin's Synthetic Vision Technology to highlight threats on the pilot's primary flight display. The system has received FAA certification for use in Textron Aviation's G1000® NXi-equipped Cessna Caravan and Garmin's G5000® STC for various Citation models.
Garmin (NYSE: GRMN) has launched the Descent X50i, its largest dive computer featuring a 3-inch color touchscreen display. The device includes advanced features such as SubWave sonar technology for underwater communication, diver-to-diver messaging, and tank pressure monitoring for up to eight divers. With a 20 ATM dive rating, integrated backup dive light, and leakproof metal buttons, the X50i offers comprehensive diving capabilities. The device includes preloaded bathymetric depth contours, over 4,000 dive sites worldwide, and advanced navigation features. The Descent X50i is priced at $1,499.99.
Garmin (NYSE: GRMN) announces that its brand JL Audio has received an Innovation Award from Home Technology Specialists of America (HTSA) for its Pavilion outdoor speaker line. The award, presented at HTSA's 2024 Fall Conference, recognizes exceptional performance and quality in home technology. The Pavilion speakers are designed to project loudly over ambient noise while maintaining sound quality, and undergo marine-grade testing to ensure durability. Available in three sizes, these in-ceiling speakers can be installed in various outdoor ceiling materials.
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