Garmin (NYSE: GRMN) — Company Overview, News & Financial Data
Garmin specializes in GPS technology for automotive, aviation, and outdoor activities, enhancing user navigation experiences.
Garmin
Garmin is a technology company that designs, manufactures, and markets wireless navigation and communication devices powered by global positioning system technology and sensor systems. The company operates across five primary business segments: fitness, outdoor recreation, aviation, marine, and auto OEM. Its product portfolio includes GPS smartwatches, multisport wearables, cycling computers, handheld satellite communicators, chartplotters, sonar equipment, and integrated flight deck systems for aircraft. Headquartered in Schaffhausen, Switzerland, with operational facilities in Olathe, Kansas, and manufacturing operations in Taiwan, the company distributes its products through global retail networks, original equipment manufacturers, and direct-to-consumer channels.
Snapshot
Operations
Products and/or services of Garmin
- Fitness Wearables: Smartwatches, multisport activity trackers, running watches, cycling computers, and indoor bike trainers. These devices feature heart rate monitoring, performance metrics, GPS tracking, and health analytics for athletes, runners, cyclists, and general wellness consumers globally.
- Outdoor Recreation: Handheld GPS navigation units, multisport adventure smartwatches, satellite communicators with two-way messaging, dog tracking equipment, and optical devices. These products support hiking, hunting, off-road navigation, tactical applications, and remote wilderness communication.
- Aviation Systems: Integrated flight decks, electronic flight displays, navigation and communication transceivers, flight control autopilots, weather radar, and subscription database services. These systems equip general aviation aircraft, business jets, helicopters, and military defense platforms.
- Marine Electronics: Chartplotters, fishfinders, live sonar transducers, marine radar units, digital switching platforms, autopilots, and trolling motors. These marine technologies serve recreational boating, commercial fishing fleets, and competitive sport fishing operations worldwide.
- Automotive OEM Solutions: Customized in-dash infotainment software, digital instrument panels, camera modules, positioning sensors, and electronic control units. These hardware and software solutions are developed and supplied directly to international automotive vehicle manufacturers.
- Consumer Auto Navigation: Dashboard navigation displays, dash cameras, motorcycle GPS systems, overland truck navigators, and mobile driver applications. These products deliver turn-by-turn navigation, driver assistance alerts, traffic updates, and route planning for personal and commercial vehicles.
Garmin executive team
- Clifton Albert PemblePresident, CEO & Director
- Douglas Gerard BoessenCFO & Treasurer
- Patrick G. DesboisCo-Chief Operating Officer
- Bradley C. TrenkleCo-Chief Operating Officer
- Philip I. StraubExecutive VP & MD of Aviation - Garmin International, Inc
- Min-Hwan KaoCo-Founder & Executive Chairman
- Teri SeckDirector of Investor Relations
- Joshua H. MaxfieldVP, General Counsel & Secretary
- Ted GartnerDirector of Corporate Communications
- Laurie A. MinardVice President of Human Resources
Latest news about Garmin
Garmin closes Q3 with 12% revenue growth to $1.99 billion
United StatesGarmin posts $2.02 billion revenue following 11% growth
United StatesGarmin launches LiveScope 2 sonar series
United StatesGarmin posts record Q1 revenue as aviation and fitness segments drive growth
United StatesGarmin shares surge as record wearables demand drives Q4 beat
United States
Dividend history
Dividends per share paid by Garmin, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $4.0500 |
| FY2025 | — | — | — | $3.4500 |
| FY2024 | — | — | — | $2.9800 |
| FY2023 | — | — | — | $2.9200 |
| FY2022 | — | — | — | $2.8600 |
Key financials
Reported results for Garmin, in USD.
- Market cap
- 53.9B
- Revenue (TTM)
- 7.9B
- P/E ratio
- 26.9
- EPS (diluted, TTM)
- 10.4
- Dividend yield
- 1.3%
- Profit margin
- 25.6%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 7.2B | 1.9B | 1.7B | |
| 6.3B | 1.6B | 1.4B | |
| 5.2B | 1.1B | 1.3B | |
| 4.9B | 1B | 973.6M |