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.
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Garmin Ltd. (NYSE: GRMN) announced a significant legal victory against Philips North America LLC, with the U.S. District Court in California dismissing a lawsuit over patent claims. Judge André Birotte Jr. ruled that the patents in question were invalid and did not apply to Garmin's products. This follows similar dismissals in other jurisdictions, underscoring Garmin's strong defense against Philips’ claims. Garmin's legal team expressed satisfaction with the ruling, reinforcing the company's commitment to protecting its innovations.
Garmin Ltd. announced a cash dividend of $2.92 per share at its annual shareholders' meeting, with four equal installments. The first installment of $0.73 is scheduled for June 30, 2022, with a record date of June 20, 2022. Subsequent installments are planned for September 30, 2022, December 30, 2022, and March 31, 2023, each with a record date set 15 days prior. The dividend amount is subject to adjustment if the Swiss Franc depreciates significantly against the USD.
Garmin has launched the BC 50 and BC 50 with Night Vision wireless backup cameras to improve driver safety. These cameras feature NightGlo technology, illuminating up to 20 feet for enhanced visibility in low-light conditions. The products are compatible with a range of Garmin GPS devices and are priced at $199.99 and $299.99, respectively. The BC 50 series is designed for various driving needs, including RVs and trucks, and offers features like HD resolution and a wide field of view.
Garmin has launched the new dēzl OTR610/710/810/1010 trucking navigators, aimed at enhancing the road experience for professional truck drivers. Key features include Birdseye Satellite Imagery for better arrival planning, larger high-resolution displays (6 to 10 inches), and split map views. The navigators offer customized routing options based on truck size, alerts for road conditions, and a comprehensive directory for truck stops. Prices range from $349.99 to $899.99, available now at garmin.com/dēzl.
Garmin has launched new premium headsets, the dēzl Headset 100 and dēzl Headset 200, designed specifically for truck drivers. These headsets feature advanced audio technology, including active noise cancellation, delivering clear sound during calls and streaming. The dēzl Headset 200 can easily convert from a single-ear design to full stereo headphones. With up to 50 hours of Bluetooth talk time, these headsets provide long-lasting performance. The dēzl Headset 100 retails for $299.99 and the dēzl Headset 200 for $399.99.
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.