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 International, a subsidiary of Garmin Ltd. (NYSE: GRMN), has marked a significant milestone by aiding in 10,000 SOS incidents through its inReach devices. These devices offer two-way satellite communication, allowing users to send SOS messages and communicate with emergency responders globally. Since 2011, Garmin Response has managed SOS incidents in over 150 countries, catering to various activities from hiking to driving. The solution is designed to provide peace of mind for adventurers, ensuring help is readily available via the dedicated SOS feature.
Garmin International, a unit of Garmin Ltd. (NYSE: GRMN), received multiple accolades for its innovation and safety in the marine industry. Key honors include the IBEX Innovation Award for the Surround View camera system, the National Boating Industry Safety Award for its Safe Boating Campaign, and a Top 10 Most Innovative Marine Company recognition by Soundings Trade Only, where Garmin ranked No. 3. These awards reflect Garmin's continuous efforts to enhance boating safety and product innovation. The announcements followed the cancellation of the IBEX tradeshow, originally scheduled for late September 2022.
Garmin International has launched the Garmin Navionics+ cartography solution preloaded in select GPSMAP series chartplotters, enhancing marine navigation and fishing experiences. This innovative mapping solution features daily updates, new Auto Guidance+ technology, and advanced chart presentation, providing boaters with detailed insights and improved routing. Coverage includes over 42,000 lakes globally, with up to 5,000 updates daily. The product aims to elevate situational awareness on the water, reinforcing Garmin's commitment to innovation in marine electronics.
Garmin Health has launched the Garmin Health Research Solutions, an online library featuring over 500 research projects that utilize data from Garmin wearables. This initiative aims to support health research by providing high-resolution data on metrics like heart rate and sleep.
Validated studies include topics such as Parkinson’s medication management and COVID-19 prediction. Researchers are invited to a webinar on October 26 to explore Garmin's latest sensor technology and its application in research.
Garmin Ltd. (NYSE: GRMN) has received Supplemental Type Certification (STC) from the FAA for the GI 275 electronic flight instrument in the Dassault Falcon 7X business jet. This replaces the aircraft's original secondary flight display and enhances functionality with synthetic vision technology. A second GI 275 will be used for multifunction display capabilities, reducing crew workload. The GI 275's features include connection via Bluetooth for flight plan transfers and integration with existing systems. Installation is available immediately, with minimal downtime expected.
Garmin Ltd. (NYSE: GRMN) has secured the title of Manufacturer of the Year for the eighth consecutive year at the NMEA conference on October 6 in Anaheim, California. The company also won five Product of Excellence awards in categories including multi-function display, autopilot, and multimedia entertainment. These accolades, voted on by NMEA dealers, underscore Garmin's commitment to excellence in marine electronics and customer service, validating the company's dedication and innovation in the industry.
Garmin Ltd. (NYSE: GRMN) is set to receive European Union Aviation Safety Agency (EASA) approval for the G5000 integrated flight deck, enhancing the Cessna Citation Excel and XLS aircraft.
Over 100 upgrades have already been sold, significantly reducing operational costs and improving pilot situational awareness.
The upgrade features advanced functionalities like a digital Automatic Flight Control System, ADS-B Out compliance, and additional options such as synthetic vision technology and advanced Doppler radar.
Garmin has unveiled the second generation of its luxury smartwatch collection, MARQ, featuring five models: MARQ Athlete, Adventurer, Golfer, Captain, and Aviator. Each watch is crafted from Grade-5 titanium and boasts a vibrant AMOLED touchscreen. Key features include a battery life of up to 16 days, advanced health tracking, and a Jet Lag Adviser for travelers. The collection supports multi-band GNSS for enhanced positioning accuracy. Prices range from $1,900 to $2,400, available this month. The MARQ collection exemplifies Garmin's commitment to innovation and quality in wearable technology.
Garmin International, a unit of Garmin Ltd. (NYSE: GRMN), announced the winners of the 2022 Garmin Health Awards during the Garmin Health Summit in Rome on September 29-30. The awards recognize innovative health solutions utilizing Garmin technology. Categories included Engagement, Health Care, and Insurance, with notable winners such as Wild AI, Kyushu Institute of Technology, and Nan Shan Life Insurance Co. The event showcased advancements in health and wellness, demonstrating the successful integration of Garmin devices in improving healthcare outcomes.
Garmin Ltd. (NYSE: GRMN) has announced its upcoming third quarter 2022 earnings conference call, scheduled for October 26, 2022, at 10:30 a.m. EDT. The earnings release will precede the call and be available before market opening on the same day. Investors can join the live webcast here, with an archive available until October 25, 2023. Participants wishing to join via phone must register to receive a dial-in number and unique PIN.