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) co-founders Dr. Min Kao and the late Gary Burrell have been inducted into the National Aviation Hall of Fame (NAHF). This recognition coincides with Garmin's 35th anniversary and honors their significant contributions to the aviation industry. Under their leadership, Garmin developed numerous innovative products that advanced aviation safety and capabilities, including:
- The GPS 100AVD in 1991, the first panel-mounted GPS navigator for general aviation
- The GPS 155 in 1994, the world's first certified GPS receiver for instrument approaches
- The GNS 430/530 family in 1998, combining GPS navigation with color moving maps and VHF communication
- The G1000 integrated flight deck in 2004, setting a new standard for cockpit innovation
- The Electronic Stability and Protection system in 2010, enhancing flight safety
- Garmin Autoland in 2020, the first certified autonomous landing system
Garmin (NYSE: GRMN) has unveiled the GC 245 and GC 255 marine cameras, designed to enhance docking confidence and situational awareness. These 1080p full HD cameras offer multiple views, including standard, wide-angle FishEye, and Bird's Eye view, directly to compatible Garmin chartplotters. Key features include:
- On-screen distance markers and guidance lines
- Multi-camera streaming (up to four feeds)
- Digital zoom and pan capabilities
- IPX7 weatherproof rating
The GC 245 (surface mount) is priced at $699.99, while the GC 255 (flush mount) costs $999.99. Both are now available and compatible with various Garmin chartplotters and multifunction displays.
Garmin (NYSE: GRMN) has introduced the new Garmin Dash Cam™ X series, featuring four models: Mini 3, X110, X210, and X310. These compact dash cameras offer high-quality video resolution up to 4K Ultra HD and include an integrated Garmin Clarity™ polarizer lens to reduce windshield glare. Key features include:
- Voice control for hands-free operation
- Advanced driver notifications
- Automatic incident detection and video saving
- Built-in GPS (except Mini 3)
- Garmin Drive app compatibility for multi-camera syncing
- Optional Vault subscription for secure online storage and vehicle surveillance
The Dash Cam X series is available now with prices ranging from $149.99 to $399.99.
Garmin (NYSE: GRMN) has unveiled the Enduro 3, a cutting-edge ultraperformance GPS smartwatch designed for ultra-endurance athletes. This lightweight device, weighing just 63 grams, boasts an impressive 320 hours of battery life in GPS mode with solar charging. The Enduro 3 features:
- Enhanced solar charging capabilities
- Premium training and navigation tools
- Preloaded TopoActive maps
- Advanced health monitoring features
- Two-way messaging via Garmin Messenger app
Priced at $899.99, the Enduro 3 offers a robust set of features for athletes pushing their limits in various outdoor activities.
Garmin (NYSE: GRMN) has unveiled the fēnix 8 Series, its latest premium multisport GPS smartwatches. The new lineup offers either a bright AMOLED display or a solar charging display for extended battery life. Key features include:
- Advanced strength training features
- Dive capabilities
- Internal speaker and microphone
- Built-in LED flashlight
- Improved battery life (up to 29 days for AMOLED, 48 days for solar)
- Rugged design with premium materials
- Advanced mapping and navigation
- Extensive health monitoring features
The fēnix 8 Series is available in multiple sizes and configurations, with prices starting at $999.99.
Garmin (NYSE: GRMN) has announced the integration of its satellite SOS emergency response coordination service into Google's Android smartphone ecosystem, starting with the Pixel 9 series in the U.S. This collaboration allows Pixel users to connect with Garmin Response emergency services when cellular and Wi-Fi coverage is unavailable, using the Pixel's Satellite SOS feature.
Garmin Response, which coordinates over 17,000 SOS activations annually in more than 150 countries, will provide 24/7 support through professionally trained emergency incident coordinators. The service will be available to Pixel 9 users in the U.S. at no additional charge for the first two years after device activation.
Garmin (NYSE: GRMN) has announced the certification of Runway Occupancy Awareness (ROA), the first certified software solution using Surface Indications and Alert (SURF-IA) technology. ROA utilizes ADS-B traffic to alert crews of potential runway incursions caused by nearby aircraft and ground vehicles. The initial FAA certification was received for the G1000® NXi-equipped Cessna Caravan, with expected certification for G5000® STC on Cessna Citation Excel, XLS, XLS+ and XLS Gen2 in September 2024.
ROA analyzes GPS and ADS-B traffic information to assess and alert crews of possible runway incursions or collisions. It provides visual and aural alerts based on the level of threat, ranging from caution to warning level alerts for imminent collision risks. This technology builds upon Garmin's other Terminal Safety Solutions, including ROAAS, SafeTaxi, and SurfaceWatch™.
Garmin (NYSE: GRMN) has unveiled the dēzl™ Headset 110 and dēzl Headset 210, innovative wireless trucking headsets designed for long-haul drivers. These headsets feature a dual-color LED flashlight for hands-free convenience, enhanced Active Noise Cancellation (ANC), and up to 60 hours of continuous talk time via Bluetooth®. The headsets offer superior audio quality, all-day comfort, and seamless integration with Garmin's dēzl OTR trucking navigators.
Key features include a built-in LED flashlight with red, white, and extra-bright white settings, noise-canceling audio with enhanced bass performance, and a durable design with plush ear cushions. The dēzl Headset 110 is priced at $299.99, while the two-in-one dēzl Headset 210 is available for $399.99.
Garmin (NYSE: GRMN) has introduced the next-generation dēzl OTR series, its latest lineup of GPS trucking navigators. The new series integrates with the dēzl community, providing insights and ratings from fellow drivers to help users find best-rated parking spots and navigate to trucker-preferred destinations. Key features include:
- Custom truck routing based on vehicle size and weight
- Expert arrival planning with high-resolution overhead views
- Wind speed alerts and map overlay
- CAT Scale locator
- PrePass notifications
- Built-in dash cam (7" dēzlCam OTR725 model)
- Real-time truck plaza amenities
- Voice assist control
The new dēzl OTR series is available now with display sizes ranging from 6 to 10 inches, priced between $349.99 and $899.99.
Garmin (NYSE: GRMN) has announced that customers can now make purchases in the Connect IQ™ Store using Garmin Pay™. This integration allows developers to be rewarded for their innovative designs while providing Garmin users access to premium watch faces and apps from brands like Disney, GoPro®, Porsche, and TaylorMade.
New offerings include Disney watch faces featuring characters from Disney, Marvel, and Star Wars; a GoPro Camera Control App; Porsche watch faces; a TaylorMade golf-inspired watch face; and space-themed watch faces inspired by NASA. These premium apps and watch faces are available for select smartwatches with prices starting at $4.99.
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