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) regularly issues news covering its GPS-enabled devices, software platforms and technology solutions across fitness, outdoor, automotive, aviation and marine markets. As a Swiss-incorporated manufacturer with principal subsidiaries in the United States, Taiwan and the United Kingdom, Garmin uses press releases to highlight new products, platform updates, collaborations and financial communications.
Recent announcements illustrate the range of Garmin’s news. In fitness and health, the company has introduced nutrition tracking within the Garmin Connect app and Garmin Connect+ plan, allowing users to log calories and macronutrients, access a global food database, use AI-powered food recognition and receive Active Intelligence insights that relate nutrition to sleep, training and overall wellbeing. Annual Garmin Connect Data Reports summarize global activity and health trends drawn from the Garmin user community.
In outdoor and marine categories, Garmin news includes launches such as the inReach Mini 3 Plus satellite communicator for backcountry connectivity and safety, and JL Audio AP Amplifiers designed for boats and off-road vehicles with rugged construction and IP67 water and dust resistance. For mariners, Garmin has also announced nautical smartwatches like the quatix 8 Pro, which combine marine-focused features with satellite and cellular connectivity where available.
Garmin’s aviation and automotive OEM updates feature integrated flight decks like the G5000H for helicopter upgrades, as well as automotive platforms such as Unified Cabin and the Nexus high-performance compute platform developed with Qualcomm Technologies. These releases describe capabilities ranging from synthetic vision and terrain awareness in cockpits to AI/LLM-based virtual assistants, digital keys and multi-domain computing in vehicles.
Investors can also find news about upcoming earnings conference calls and quarterly results, which are referenced in Form 8-K filings and associated press releases. For anyone following GRMN, this news feed offers a centralized view of product introductions, technology demonstrations, partnerships and corporate updates.
Garmin (NYSE: GRMN) has unveiled the Tread 2, a rugged off-road navigator designed for powersports enthusiasts. The device features a 6-inch ultrabright touchscreen display, IP67 dust/water rating, and comprehensive navigation tools including topographic maps, satellite imagery, and trail mapping capabilities. Priced at $699.99, the Tread 2 comes with built-in sensors for altitude, barometer, and compass readings. A new Handlebar Controller, sold separately at $149.99, offers convenient device control from vehicle handlebars. The system supports group tracking features and can integrate with inReach satellite communication devices for emergency assistance.
Garmin (GRMN) reported strong Q3 2024 results with record consolidated revenue of $1.59 billion, up 24% year-over-year. Operating income reached $437 million, a 62% increase, with expanded gross and operating margins of 60.0% and 27.6% respectively. GAAP EPS was $2.07, while pro forma EPS grew 41% to $1.99.
All segments showed growth, led by Auto OEM (+53%), Fitness (+31%), and Marine (+22%). The company raised its full year 2024 guidance, now expecting revenue of approximately $6.12 billion with pro forma EPS of $6.85.
Garmin (NYSE: GRMN) has acquired Lumishore, a privately-held company specializing in high-performance LED lighting systems for boats. Lumishore, with over 15 years of experience, offers premium LED lighting solutions for various vessels, from runabouts to superyachts. The acquisition brings a new product category that complements Garmin's existing marine portfolio and enhances vessel integration capabilities.
Lumishore, headquartered in Swansea, UK, with a distribution center in Sarasota, Florida, is known for its comprehensive range of single, dual, and full-color change underwater and above-water lighting systems. The company's associates will join Garmin's global workforce. While financial terms were not disclosed, this acquisition is expected to expand Garmin's innovative solutions across vessels and elevate the lighting experience for customers worldwide.
Garmin (NYSE: GRMN) has unveiled G3000 PRIME, its most advanced integrated flight deck to date. This FAA TSO certified system features 14-inch touchscreen primary display units with edge-to-edge glass and 7-inch secondary display units. G3000 PRIME offers enhanced processing power, a modern user interface, and advanced flight tools including Modified Flight Plan and Emergency Return functions.
The system incorporates Garmin's Autonomí technologies, including the Collier Trophy-winning Autoland system, as well as Smart Glide, Smart Rudder Bias, and Garmin Autothrottle. It also features terminal safety solutions like Runway Occupancy Awareness and connectivity options such as Wi-Fi, LTE, and Bluetooth. G3000 PRIME is designed to serve Part 23 turbine, military, and advanced air mobility markets.
Garmin (NYSE: GRMN) has been awarded the 2024 National Boating Safety Award by the Sea Tow Foundation for the fourth consecutive year. The award, presented on October 2, 2024, recognizes Garmin's outstanding commitment to promoting safe and responsible boating practices.
Garmin received top honors in the Gear and Equipment Manufacturer category for its efforts during National Safe Boating Week 2024. The company's initiatives included educational social media posts, informative blog content, and a special marine webinar demonstrating the use of Garmin electronics and emphasizing the importance of map updates.
Jarrod Seymour, Garmin Vice President and Marine Segment Leader, expressed pride in the company's commitment to creating products that support safe boating practices. Garmin's range of marine products, including inReach satellite communicators, charts, AIS monitoring, and marine radars, have long provided boaters with enhanced situational awareness and peace of mind.
Garmin (NYSE: GRMN) has been named the Most Innovative Marine Company for the second consecutive year by Soundings Trade Only, a leading trade publication for the recreational boating industry. The award was announced at the International BoatBuilders' Exhibition and Conference (IBEX) held Oct. 1-3. This marks Garmin's seventh consecutive year in the Top 5 companies.
The awards program evaluates companies in key innovation categories, including altruism/social awareness, development & technology, workforce culture, manufacturing process/supply chains, start-up mentality, and sustainability. Judges commended Garmin's commitment to purpose-driven innovations in people, processes, and products.
Garmin's Vice President and Marine Segment Leader, Jarrod Seymour, expressed pride in the team's dedication to providing continuous value through new ideas and game-changing technologies.
Garmin (NYSE: GRMN) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024, at 10:30 a.m. EDT. The call will coincide with the company's earnings release, which will be distributed before the market opens on the same day. Shareholders, investors, and analysts are invited to participate in the live webcast available at Garmin's investor relations website. Those in the U.S. and Canada who prefer to join by phone, as well as analysts wishing to participate in the Q&A session, can dial 1.800.715.9871. It is recommended to join 10 minutes before the event start. An archive of the webcast will be accessible until October 29, 2025. For any inquiries, participants can contact investor.relations@garmin.com.
Garmin (NYSE: GRMN) has unveiled the Lily 2 Active, its smallest smartwatch with built-in GPS. This fashion-forward device features a metal watch case, two buttons, and a hidden display with a unique patterned lens. The Lily 2 Active boasts up to 9 days of battery life in smartwatch mode and 9 hours in GPS mode.
Key features include 24/7 health monitoring, women's health tracking, morning reports, and a meditation activity. The watch offers new sports apps for tennis, pickleball, indoor cycling, and golf. It's compatible with both iPhone and Android smartphones, allowing users to receive notifications directly on the watch. The Lily 2 Active is available in two colorways: Lunar Gold and Bone or Silver and Purple Jasmine, with a suggested retail price of $299.99.
Garmin has unveiled the new Fusion Apollo Marine Speakers and Subwoofers, combining premium sound quality with enhanced visual features. The series offers:
- Dual-hue LED lighting rings and interchangeable grilles
- High-fidelity sound and crystal-clear bass
- Easy integration with Fusion stereos and amplifiers
- Customizable appearance with removable grilles in various colors
- Size options for coaxial speakers (6.5", 7.7", 8.8") and subwoofers (10", 12")
- IP66 and IP67 rated for dust and water protection
- 3-year consumer warranty
The Apollo series is designed for superior durability and easy installation, with prices ranging from $549.99 to $949.99.
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.