Gain a competitive edge on the racetrack with the Garmin Catalyst R1 radar
Garmin (NYSE:GRMN) introduced the Garmin Catalyst R1 racing radar, designed to give high-performance drivers more situational awareness and a potential competitive edge on the racetrack.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Garmin (NYSE:GRMN) introduced the Garmin Catalyst R1 racing radar, designed to give high-performance drivers more situational awareness and a potential competitive edge on the racetrack. The rugged, unobtrusive system features cockpit heads-up indicator lights, a rear-facing sensor, IP67 dust/water rating, and includes race-vehicle mounting hardware.
The Garmin Catalyst R1 will be available on garmin.com starting June 12, 2026, with a suggested retail price of $799.99. According to Garmin, the system helps drivers monitor vehicles approaching from behind while keeping their eyes on the track.
Details
News Market Reaction – GRMN
On Jun 9, the day this news came out, GRMN closed 1.11% above the previous close.
Data tracked by StockTitan Argus for the Jun 9 session.
Key Figures
- Current price
- $235.23
- Pre-news trading price for GRMN
- 52-week range
- $186.67 – $273.32
- 52-week low and high for GRMN
- Market cap
- $45,623,992,653
- Company market capitalization before this news
- Volume vs avg
- 426,992 vs 771,292
- Today’s volume vs 20-day average
- Retail price
- $799.99
- Suggested retail price for Garmin Catalyst R1 radar
- Availability date
- June 12, 2026
- Garmin Catalyst R1 available on garmin.com
- Ingress rating
- IP67
- Dust/water rating for Garmin Catalyst R1 radar
- Price vs 52-week high
- -13.94%
- Distance from 52-week high prior to this news
Historical Context
-
Shareholders approved a multi-year cash dividend totaling $4.20 per share.
-
Released global running and cycling activity reports from Garmin Connect community.
-
Introduced Signal VHF radios and remote station with advanced marine features.
-
Added SmartCharts aviation charting to Garmin Pilot Web for enhanced planning.
-
Launched Forerunner 70/170 GPS running watches with advanced training features.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ip67 technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Innovative auto racing radar system provides visual alerts for approaching vehicles to improve awareness and support defense performance
"We're excited to bring our radar expertise to high-performance driving, furthering our commitment to the motorsports racing community. The Garmin Catalyst R1 is a first-of-its-kind radar system that allows drivers to improve overtaking, defending and on-track decision-making without compromising their focus."
—Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Designed to race
The Garmin Catalyst R1 radar is unobtrusive, rugged and has an IP67 dust/water rating that can withstand rigorous racetrack conditions including weather, heat and vibration. Along with the indicator lights and rear-facing sensor, the radar system includes all mounting hardware needed to secure on a race vehicle.
Available to purchase on garmin.com starting June 12, 2026, the Garmin Catalyst R1 racing radar has a suggested retail price of
Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.
1 | Adverse weather conditions and wet racetracks may interfere with operation of the device. Always maintain awareness of your surroundings while using this device, especially in these conditions. |
About Garmin: Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and Garmin Catalyst is a trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Mike Cummings and Connor Hoffman
913-397-8200
media.relations@garmin.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/gain-a-competitive-edge-on-the-racetrack-with-the-garmin-catalyst-r1-radar-302792277.html
SOURCE Garmin International, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.