Garmin Stock Price, News & Analysis

Garmin (NYSE: GRMN) has been named the 2025 Supplier of the Year by Independent Boat Builders, Inc. (IBBI), marking its second consecutive year receiving this prestigious award. IBBI, the marine industry's largest purchasing cooperative representing 15 boat brands that produce over 25% of U.S. boat sales, awarded Garmin with a near-perfect 99% supplier score - the highest since the award's inception.

The recognition, presented on March 11, 2025, at IBBI's annual Supplier Conference in Orlando, marks Garmin's fourth time receiving this honor. The company's extensive marine electronics portfolio, including chartplotters, sonar technology, and autopilots, has served IBBI members for over a decade. This achievement follows Garmin's tenth consecutive year as National Marine Electronics Association's (NMEA) Manufacturer of the Year.

Garmin (NYSE: GRMN) has been awarded the prestigious Supplier of the Year honor by Cirrus Aircraft at their PX25 Supplier Conference held February 26 in Knoxville, Tennessee. The recognition highlights over two decades of collaboration between the companies, with Garmin providing avionics solutions for all Cirrus aircraft since the SR20's introduction in 1999.

The partnership has led to significant innovations, including the Perspective Touch+™ flight deck for SF and SR platforms, and the 2020 certification of Safe Return™ on the Cirrus Vision Jet - the first jet aircraft certified with Garmin Emergency Autoland. The award acknowledges Garmin's excellence in performance, innovation, and collaboration in advancing Cirrus's mission in personal aviation.

Garmin (NYSE: GRMN) has announced preliminary findings from a groundbreaking Health and Happiness Study conducted in collaboration with Harvard University and Oxford University. The study, launched in June 2024 at the Lugano Happiness Forum, examines the relationship between happiness and wellbeing using data from smartwatches and smartphones.

Initial findings revealed that daily physical activity and adequate sleep, measured by Garmin devices, strongly correlate with increased happiness and reduced stress levels. The research also found that emotional stability varies with age, with older adults showing more stability. The study demonstrated high retention rates and indicated participants were happiest during cultural and social activities.

As the exclusive smartwatch provider, Garmin's role involves leveraging high-quality sensor data from its products. The study is now expanding to include over 10,000 global participants, collecting data through smartphone surveys three times daily and cross-referencing with Garmin smartwatch metrics.

Garmin (NYSE: GRMN) has announced that its G3000 PRIME integrated flight deck has been selected for the new Pilatus PC-12 PRO aircraft, marking the first certified aircraft with this system. The G3000 PRIME features expansive 14-inch touchscreen displays with enhanced capabilities, including quadruple memory and up to 100 times faster connectivity.

Key features include:

• Advanced multi-touch interface supporting 10 simultaneous inputs
• 7-inch Secondary Display Units with 40% larger screen area
• Modern user interface with enhanced fonts and smart organization
• Advanced flight management tools including Modified Flight Plan and Emergency Return
• Integration of Garmin's Autonomí safety technologies, including Autoland system

The system has received initial type certification, with deliveries expected to begin in Q3 2025. Autoland functionality is expected to be available in 2026.

Garmin (NYSE: GRMN) celebrates World Sleep Day by highlighting improvements in users' sleep patterns and showcasing their smartwatch capabilities. Data from Garmin Connect reveals users achieved an average sleep score of 72 in the past year, up from 70 in the previous period.

The company's latest smartwatches, including Venu 3, fenix 8, Forerunner 265, and vívoactive 5, offer advanced sleep tracking features such as Sleep Coach, Sleep Score, Sleep Stages, Nap Detection, and Jet Lag Advisor. These tools provide comprehensive insights into sleep quality and its impact on overall wellness.

Key findings from Garmin's recent sleep data report show that:

• 67.1% of users average 7+ hours of sleep nightly
• Users average 1h13m of REM sleep, 1h17m of deep sleep, and 4h38m of light sleep
• Users aged 21-30 achieve the highest sleep scores (74)
• Iceland and Finland users lead globally with 77 average sleep scores

Garmin (NYSE: GRMN) is celebrating International Women's Day by highlighting accomplished female athletes and ambassadors who use their products across different sports and activities. The showcase features notable professionals including:

• Elena Cecchini - Professional road racing cyclist from Team SD Worx – Protime
• Baylee Rayl Christophel - Elite fitness athlete
• Hilary Martin - Professional angler who placed 2nd in the 2023 Pan American Bass Championship
• Chelsea Smith - Commercial pilot and A&P mechanic
• Sarah Sturm - Professional offroad cyclist with multiple podium finishes
• Allie Wilson - Professional track athlete and USATF Indoor National Champion

Each ambassador shared insights about their experiences and advice for others in their respective fields while highlighting their preferred Garmin equipment and technology.

Garmin (NYSE: GRMN) has unveiled the Force Pro, an advanced brushless trolling motor featuring enhanced GPS positioning technology and improved anchor lock performance. The new model includes a built-in GT56UHD Ultra High-Definition scanning transducer and innovative reverse thrust control.

Key features include:

• 100 pounds of thrust with high-efficiency propeller
• Multi-band GPS for precise anchor lock positioning
• Wireless integration with Garmin chartplotters
• Built-in GT56UHD transducer for Ultra High-Definition scanning
• Compatible with LiveScope live sonar transducers

The Force Pro is available with 50-inch ($3,999.99) or 57-inch ($4,099.99) shaft lengths, includes both weedless and high-efficiency propellers, and comes with a 3-year warranty plus lifetime warranty on the shaft.

Garmin (NYSE: GRMN) has announced upcoming Supplemental Type Certificate (STC) approval for its GFC 600H Helicopter Flight Control System for Airbus H130 helicopters. The retrofit certification, expected in Q2 2025, will introduce advanced safety features and reduce pilot workload.

The system includes key features such as attitude hold with speed stability, hover assist mode, Helicopter Electronic Stability and Protection (H-ESP), and return-to-level mode. The GFC 600H comes with console-mounted controls, NVG-compatible display, and integrated smart servos for pitch and roll control.

Notable capabilities include automatic hover detection, ground position maintenance, and heading hold in hover. The system integrates with G500H TXi and GTN Xi for automated approach flying and navigation guidance. Safety features include overspeed and low-speed protection, altitude hold, and low altitude protection with automatic pitch mode changes for recovery.

Garmin (NYSE: GRMN) has released its 2024 inReach SOS Report, showcasing emergency response trends from their satellite communication devices throughout the past year. The report reveals that users across six continents and three oceans triggered SOS messages for various incidents.

Key findings include:

• Hiking and backpacking were the top activities requiring SOS assistance, followed by driving and motorcycling
• Injuries remained the primary cause for SOS messages, with an increase in medical issues
• Weather events and wildlife encounters led to more SOS triggers
• Nearly 50% of SOS messages were activated for others rather than the device owner
• Users achieved self-rescue in nearly 12% of cases with Garmin Response guidance

In 2024, Garmin expanded its technology with inReach Messenger Plus, enabling users to exchange photo and voice messages in off-grid situations, providing important information to emergency responders.