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 announced the winners of the 2024 Garmin Health Awards at its annual Health Summit in Prague, celebrating innovative digital health solutions. VigiLife, Inc. won the Expert's Choice award for their SafeGuard® platform, while Metluma secured the People's Choice award for their menopause care model. The event also marked Garmin Health's 10th anniversary and a significant milestone of supporting over 1,000 research studies worldwide.
Professor Josip Car from King's College delivered a keynote on the future potential of wearables in digital health. Garmin also signed an agreement with Apollo Health Axis to offer fitness trackers as part of select health plans in India. The Summit provided networking opportunities and expert sessions on topics such as the Garmin Health connected ecosystem, research, insurance, and employee wellness benefits.
Garmin (NYSE: GRMN) has been named Manufacturer of the Year in the large manufacturer category for the 10th consecutive year by the National Marine Electronics Association (NMEA). This milestone achievement is unmatched by any other manufacturer. Garmin also received six Product of Excellence awards in various categories, including multi-function display, autopilot, multimedia entertainment, automatic identification system, satellite communication antenna, and marine apps.
The company's winning products include the GPSMAP 9227, Reactor 40 Hydraulic Autopilot, Fusion Apollo RA770 Marine Stereo, Cortex M1 Hub, inReach Mini 2 Marine Bundle, and the ActiveCaptain app. These awards highlight Garmin's commitment to innovation and quality in marine electronics, as well as their dedication to customer service and support.
Garmin (NYSE: GRMN) has introduced the inReach Messenger Plus, a new satellite communicator with enhanced features including photo and voice messaging. This device offers global two-way texting, location sharing, and SOS capabilities beyond cell coverage. Key features include:
- Durable design with IPX7 water resistance
- Long battery life lasting weeks to months
- Group text messaging with up to 1,600 characters
- Interactive SOS with Garmin Response 24/7 assistance
- Weather reports and forecasts
- Off-grid navigation when paired with Garmin Explore app
The inReach Messenger Plus is priced at $499.99 and requires an active satellite subscription starting at $14.99 per month.
Garmin (NYSE: GRMN) has received certification for its G5000 integrated flight deck for Cessna Citation XLS+ and XLS Gen2 aircraft, expanding its successful upgrade program. The G5000 suite modernizes the cockpit, reduces operational costs, and enhances situational awareness. Key features include:
- Three landscape-oriented flight displays with split-screen capability
- Two intuitive touchscreen controllers
- Fully digital Automatic Flight Control System (AFCS)
- Emergency Descent Mode (EDM) and Underspeed protection (USP)
- PBN/RNP 0.3 certification for improved approach capabilities
- Enhanced Synthetic Vision Technology (SVT) with 3D airport views
- ADS-B In/Out compliance with new safety features
- GWX 8000 StormOptix weather radar
- Connectivity options including PlaneSync and Connext global datalink services
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.