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. (NYSE: GRMN) has launched the inReach® Mini 2 Marine Bundle, a compact satellite communicator designed for maritime use. This device offers two-way messaging, location tracking, and SOS capabilities through the Iridium satellite network, ensuring connectivity even outside of cellphone range. Weighing just 3.5 ounces, it features a long battery life of up to 14 days and includes a marine mount for easy access. Priced at $449.99, it is set for availability this month, reinforcing Garmin's commitment to enhancing safety for boaters.
Garmin International announced the selection of its G3000 integrated flight deck for the U.S. Department of Defense’s ARTEMIS program, aimed at enhancing the F-5 aircraft fleet. This contract builds on a prior collaboration with Tactical Air Support, which first adopted the G3000 in 2018. The upgrade introduces advanced features such as mission integration capabilities and modern safety systems, addressing obsolescence in the existing avionics.
Garmin Ltd. (NYSE: GRMN) has launched the new Venu Sq 2 and Venu Sq 2 – Music Edition smartwatches, featuring a bright AMOLED display and a battery life of up to 11 days. These affordable GPS smartwatches offer comprehensive health monitoring, including heart rate tracking, sleep analysis, stress tracking, and more. The Venu Sq 2 – Music Edition allows users to store up to 500 songs for offline listening. Priced at $249.99 and $299.99 respectively, these models are designed to keep users connected and active without frequent charging.
Garmin has been selected by Arctic Cat, a Textron subsidiary, to exclusively provide customized 5.5-inch Tread navigators for its 2023 Wildcat XX Black Hills Edition side-by-side vehicles. This collaboration enhances the off-road experience with Garmin's advanced trail mapping and GPS capabilities, integrated into a rugged device designed for harsh terrains. The Wildcat model features a powerful 998cc engine and specialized suspension for optimal performance, reflecting a strategic partnership aimed at delivering cutting-edge technology to users.
Garmin has unveiled two new all-in-one navigators: the DriveCam 76 and RVcam 795, designed for everyday and recreational drivers. Both feature a 7-inch display, 1080p HD recording, and a 140-degree field of view. These devices aid in incident recording and provide advanced driver assistance warnings. The DriveCam 76 is priced at $449.99, while the RVcam 795 retails for $599.99. Each device offers unique features tailored to different driving needs, enhancing safety and navigation for users.
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 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.