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29.07.26 - 21:24
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Garmin Boosts Full-Year Forecast As Wearables Earnings Jump (ZeroHedge)
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Garmin Boosts Full-Year Forecast As Wearables Earnings Jump
Garmin shares jumped as much as 9.6% in premarket trading after the GPS-device maker delivered a broad beat on second-quarter earnings and raised its full-year outlook.
Garmin produces GPS-enabled electronics and wearable technology across five main markets:
Fitness: smartwatches, running watches, cycling computers and activity trackers
Outdoor: hiking watches, handheld GPS devices, satellite communicators and dog-tracking systems
Aviation: cockpit displays, navigation systems, avionics and flight instruments
Marine: chartplotters, sonar, radar, autopilots and fish finders
Automotive: vehicle navigation systems, cameras and technology supplied to automakers
The company attributed the outperformance to "strong demand for advanced wearables," particularly within its fitness segment:
Revenue from the fitness segment increased 25% in the second quarter with growth across all product categories, led by strong demand for adva...
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29.07.26 - 13:30
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Garmin Ltd Profit Rises In Q2 (AFX)
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OLATHE (dpa-AFX) - Garmin Ltd (GRMN) revealed earnings for its second quarter that Increases, from last yearThe company's earnings came in at $541.920 million, or $2.80 per share. This compares wi......
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20.12.25 - 20:06
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Global auto sales set for modest rebound in 2026, Garmin executive says (Digitimes)
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Global automotive sales are likely to edge higher in 2026, returning roughly to pre-pandemic levels, but the industry should not expect a swift or robust recovery, according to Jay Shen, managing director of the Garmin Asia Auto OEM Group. While demand is improving compared with 2025, he said, structural pressures and policy uncertainty will continue to weigh on growth....
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17.10.25 - 11:06
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Garmin expands Taiwan investment amid record 2Q25 revenue (Digitimes)
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Garmin's second quarter 2025 financial report hit a new record, with total revenue reaching US$1.815 billion, up 20% from the same period in 2024. Operating profit grew 38% year-over-year to US$472 million, with an operating margin of 26%, while the overall gross margin remained high at 58.8%. The strong performance highlights the company's solid profitability and technological competitiveness. Among its product lines, fitness and recreation products led with a 41% year-over-year increase, reflecting growing consumer interest in personalized health monitoring and smart sports technology, as well as global demand for wearable devices....
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