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. reports developments across GPS-enabled hardware and software for fitness, outdoor, automotive, aviation and marine markets. Company news commonly covers earnings releases, new smartwatch features, aviation flight deck systems, marine sonar and chartplotter products, and integrations through the Connect IQ platform and connected wearables.
Garmin updates also include audio products under JL Audio and Fusion, inReach satellite and cellular connectivity, supplier recognition in aviation, and product partnerships tied to health, messaging and outdoor communications. The company is incorporated in Switzerland, with principal subsidiaries in the United States, Taiwan and the United Kingdom.
Garmin Ltd. has launched the Enduro™ 2, a high-performance multisport GPS smartwatch designed for endurance athletes. Key features include a 150-hour battery life in GPS mode, built-in TopoActive maps, and advanced solar charging capabilities that extend battery life by 40% compared to its predecessor. The watch is equipped with a superbright LED flashlight, enhanced positioning precision via SatIQ™ technology, and a suite of training and health features. The suggested retail price is $1099.99.
Garmin Ltd. (NYSE: GRMN) has launched the Tread® Audio System, featuring customizable LED speakers designed for off-road vehicles. This all-in-one audio solution offers AM/FM, AUX, and Bluetooth connectivity, alongside an IP67 water rating for durability. It includes a wireless remote and enhances adventures with synchronized LED lighting. The system is available for $1,199.99, while separate components can be purchased, including the audio box for $599.99 and additional XS-LED speakers for the same price.
Garmin Ltd. (NYSE: GRMN) reported second quarter 2022 revenue of $1.24 billion, a 6% drop year-over-year, impacted by a strong U.S. Dollar and reduced fitness segment sales. Operating income fell 21% to $293 million, with GAAP EPS at $1.33, down 19%. Despite declines in fitness and marine sectors, aviation and outdoor segments saw growth. Garmin launched new products including the Forerunner 955 Solar and expanded its market presence with a new headset for truck drivers. The company now expects full-year revenue of around $5 billion.
Garmin Ltd. (NYSE: GRMN) has become the official technology sponsor of the Bowerman Track Club through 2023. This partnership will support world-class athletes using Garmin's advanced Forerunner GPS running smartwatches for training and competition. Athletes will utilize devices like the Forerunner 255 and Forerunner 955 Solar, which offer extensive performance metrics, battery life, and coaching tools.
Garmin has launched the HRM-Pro™ Plus, a premium heart rate strap designed for athletes. It now tracks pace and distance during indoor workouts, alongside real-time heart rate and running dynamics. The device connects via ANT+ and Bluetooth, transmitting data to Garmin smartwatches and other compatible devices. The HRM-Pro Plus features a replaceable battery lasting up to one year and retails for $129.99. This innovation aims to enhance performance metrics for runners and athletes, aiding them in achieving their fitness goals.
Garmin has launched the Edge Explore 2 series of GPS cycling computers, featuring extended battery life of up to 24 hours and new eBike functionalities. The Edge Power Mount allows eBike riders to charge their device during rides. The series offers preloaded maps, turn-by-turn navigation, and safety features such as incident detection. Available now, the Edge Explore 2 retails for $299.99, and the Edge Explore 2 Power Mount Bundle for $399.99.
Garmin Ltd. (NYSE:GRMN) has launched the LiveScope™ XR, an innovative live-scanning sonar transducer, enhancing fishing experiences with a live sonar range of up to 500’ in freshwater and 350’ in saltwater. This new technology offers real-time high-resolution images of aquatic life and structures over 200% more range than competitors. The system features multiple viewing angles and advanced sensor adjustments for stability in rough waters. LiveScope XR is priced at $2999.99 and is compatible with various Garmin chartplotters.
Garmin Ltd. (NYSE: GRMN) has launched the LiveScope Plus Ice Fishing Bundle LI, enhancing the ice fishing experience with advanced live-scanning sonar technology. This bundle boasts a 35% improvement in target separation and up to 65% more battery life thanks to its lightweight lithium battery. The device supports dual modes for real-time imaging up to 200 feet and features a touchscreen ECHOMAP UHD 93sv with preloaded LakeVü g3 maps. With a suggested retail price of $3,249.99, the product is expected to be available in September 2022.
Garmin Ltd. (NYSE: GRMN) invites investors to its second quarter 2022 earnings call on July 27, 2022, at 10:30 a.m. EDT. The earnings release will precede market open on the same day. Participants can join via a live webcast or phone call, with registration required for dial-in access. This call marks an important opportunity for stakeholders to gain insights into Garmin's financial performance. An archive of the webcast will be available until July 26, 2023.
Garmin Ltd. (NYSE: GRMN) unveils the Signature Series 3i marine speakers from its Fusion brand, featuring new grille colors, water-resistant connectors, and enhanced audio performance. Designed for easy installation and durability against marine environments, the series includes a variety of styles and sizes. With innovative CURV cone technology, these speakers provide crystal-clear sound while integrating seamlessly with Fusion DSP-enabled stereos. Prices range from $379.99 to $819.99, backed by a 3-year warranty, aiming to elevate onboard entertainment experiences.