Garmin Stock Price, News & Analysis

Garmin has unveiled the quatix 7 Series, a premium marine GPS smartwatch designed for boating enthusiasts. The series includes three models: quatix 7, quatix 7 Sapphire, and quatix 7X Solar, featuring a vivid always-on touchscreen and enhanced battery life—up to 16 days for Sapphire models and 90 days in battery saver mode for Solar models. Key features include MFD control, anchor drag alerts, and advanced GPS positioning. Prices range from $699.99 to $1,199.99, highlighting Garmin's commitment to innovation in marine technology.

Garmin Ltd. (NYSE: GRMN) reported record first-quarter revenue of $1.17 billion, marking a 9% year-over-year increase. Key segments showed mixed performance: Fitness revenue declined 28%, while Outdoor saw an impressive 50% growth. Operating income reached $229 million, down 8% from last year, with GAAP EPS at $1.09. The company launched new products, including updated adventure watches and high-resolution sonar technology. Despite challenges from rising freight costs and supply chain issues, Garmin aims for a full-year revenue of $5.5 billion.

Garmin has launched the vívosmart 5, a smart fitness tracker designed for ease of use and comfort, featuring a 66% larger display and a battery life of up to 7 days. It includes advanced health monitoring such as 24/7 heart rate tracking, Pulse Ox, and sleep score. The device supports various sports apps and offers safety features like assistance alerts. Priced at $149.99, the vívosmart 5 emphasizes a minimalist approach to personal health management without requiring a subscription.

Garmin Ltd. (NYSE: GRMN) will host its first quarter 2022 earnings conference call on April 27, 2022, at 10:30 a.m. EDT. The call follows the company's earnings release, scheduled for the same day before market open. Investors can join the call via this link or by dialing 855-757-3897. A replay of the webcast will be available until April 26, 2023. Garmin is dedicated to innovation across aviation, automotive, fitness, marine, and outdoor sectors.

Garmin continues its dominance in marine electronics, highlighted by Jason Christie's win at the 2022 Bassmaster Classic, held from Mar. 4-6 at Lake Hartwell, South Carolina. Christie achieved a total weight of 54 pounds, with significant contributions from Garmin's LiveScope technology. Notably, nine of the top ten finishers used Garmin products, showcasing the brand's industry leadership.

Garmin's ECHOMAP Ultra series and Force trolling motor were crucial for competitor success, reinforcing Garmin's reputation as a leading provider of innovative marine electronics.

Garmin announced that the Federal Aviation Administration (FAA) has granted Supplemental Type Certification (STC) for the GI 275 electronic flight instrument, set for completion in March 2022. This instrument is designed for Part 27 VFR helicopters, starting with the Bell 206. Designed to replace legacy flight instruments, the GI 275 offers a cost-effective upgrade with modern features, including a high-resolution touchscreen and optional synthetic vision technology. Expected additional certifications for other helicopter models in the second half of 2022 will enhance Garmin's presence in the aviation market.

Garmin has launched the Descent G1 Solar dive computer, featuring dive modes, health monitoring, and smartwatch functionality. Available in two models, priced at $549.99 and $649.99, the device boasts solar charging capabilities, up to 25 hours of battery life in dive mode, and includes advanced dive features for various skill levels. The product is designed for both recreational and technical divers, offering multi-GNSS support for accurate location logging and a range of health and fitness tracking capabilities. The Descent G1 Series is now available for purchase.