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 has launched the Edge 1040 Solar, a state-of-the-art GPS bike computer that offers solar charging and multi-band GNSS technology. With a battery life extending up to 100 hours in battery saver mode, it enhances ride time significantly. This device features a modern user interface with a 3.5-inch touchscreen, allowing cyclists to customize their experience. Key advancements include real-time stamina insights, training analytics, and improved navigation tools. Priced at $749.99, the Edge 1040 Solar is designed for serious cyclists seeking performance and safety.
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Garmin has launched the Forerunner 955 Solar, its first GPS running smartwatch featuring solar charging, coinciding with Global Running Day. The watch boasts up to 20 days of battery life in smartwatch mode and 49 hours in GPS mode. With a full-color display and responsive touchscreen, it offers advanced training metrics such as heart rate variability and a new race widget. Additional features include multi-band GPS, real-time stamina insights, and advanced health monitoring tools. The device is priced at $599.99.
Garmin has launched the GHC 50, a 5-inch touchscreen autopilot display that enhances control and readability for its GHP Reactor autopilots. This modern design features an anti-glare display and integrates seamlessly with Garmin multifunction displays. Users can control the autopilot wirelessly via compatible marine smartwatches. The GHC 50 is priced at $799.99 and is now available. This innovation aims to simplify navigation for both powerboats and sailboats, reinforcing Garmin's position as an industry leader in marine electronics.
Garmin has launched the Varia™ RCT715, a rearview radar integrated with a camera and tail light, designed to enhance cyclist safety. This device continuously records at 1080p and saves footage automatically if an incident is detected. The Varia RCT715 offers visual and audible alerts for vehicles up to 153 yards away, with a tail light visible from a mile. The suggested retail price is $399.99, available on garmin.com. Garmin aims to improve cycling safety with this innovative device.
Garmin celebrates the delivery of its 750th G1000 NXi integrated flight deck upgrade for King Air aircraft, enhancing operational benefits and aircraft utility.
Installed on a King Air B200C for the U.S. Army, this upgrade includes significant features such as Synthetic Vision Technology and improved flight displays. The G1000 NXi retrofit offers modernized avionics, weight savings of over 250 pounds, and seamless upgrades for existing G1000 owners, solidifying its position as the most successful integrated flight deck upgrade for the King Air family.
Garmin Ltd. (NYSE: GRMN) has secured a multi-year title sponsorship agreement for the Garmin Kansas City Air Show, set to take place on Sept. 3-4, 2022. The event aims to attract over 50,000 attendees at New Century AirCenter, featuring aerial demonstrations by the U.S. Air Force Thunderbirds and other performers. The sponsorship aligns with Garmin’s commitment to community support, with proceeds benefiting local non-profit programs focused on aviation-related education.
Garmin (NYSE: GRMN) has launched the ECHOMAP UHD2 chartplotter series, available in 5-inch and 7-inch displays, featuring advanced sonar capabilities and built-in wireless networking. The units offer 500W sonar power, a sunlight-readable display, and easy navigation with physical buttons. The UHD2 series allows users to wirelessly share data and supports the Garmin Navionics+ cartography. Prices range from $399.99 to $649.99. The new models are designed for efficiency and ease of use, enhancing fishing experiences with improved mapping and sonar features.
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.