Garmin Stock Price, News & Analysis

Garmin announced the launch of its GWX 8000 StormOptix weather radar, designed to provide an extensive weather threat analysis for pilots. The radar features enhanced automation with 3D volumetric scanning, an advanced color palette with 16 colors, and predictive capabilities for hail and lightning. Over five years of development included rigorous testing in severe weather conditions, making it suitable for various aircraft from turbine-powered to high-performance models. The GWX 8000 is set to enhance operational safety by simplifying pilot workload and improving weather interpretation.

Garmin International, a unit of Garmin Ltd. (NASDAQ:GRMN), has announced support for Mercury Marine's VesselView engine data on select ECHOMAP Ultra, ECHOMAP UHD, and GPSMAP series multi-function displays. This feature enables boaters to monitor crucial engine performance data, including speed, fuel flow, and temperature, directly on their Garmin devices through the SmartCraft Connect gateway. This functionality is set to be available in Q2 2021, requiring a free software update and SmartCraft Connect purchase.

Garmin has received EASA approval for its ADS-B solution tailored for ATR 42 and ATR 72 turboprop aircraft. In collaboration with Scandinavian Avionics, Garmin's upgrade offers cost-effective compliance with installation flexibility and minimal downtime. The solution includes the GPS 3000 ADS-B and dual GTX 3000 transponders, designed to integrate seamlessly with existing aircraft systems. Air Alsie is the first operator to install this solution, fulfilling regulations required before June 7, 2023.

Garmin (Nasdaq: GRMN) will conduct its first quarter 2021 earnings conference call on April 28, 2021, at 10:30 a.m. ET. The call will coincide with the earnings release, scheduled before market open on the same day. Investors can participate via a live stream on Garmin's investor relations page or by phone at 855-757-3897. An archive of the webcast will be available until April 27, 2022. The company continues to innovate in aviation, automotive, fitness, marine, and outdoor lifestyles.

Garmin has unveiled new models of its GSB 15 USB charger for aircraft, now featuring 27W USB Type-C ports. The updated design retains its compact size while offering enhanced functionality, including two USB ports capable of simultaneous charging and new dimmable halo lighting around each port. The charger incorporates USB Power Delivery technology for optimized power output, making it ideal for pilot and passenger devices. Additional features include options for rear and side power input connectors, and short circuit and over-temperature protection.

Garmin has launched the Rally series of power meters, designed for cyclists to measure total power, cadence, and advanced cycling dynamics. The series features single- and dual-sensing options, with models like Rally RS100, RS200 for road cyclists and Rally XC100, XC200 for off-road. The dual-sensing pedals track left/right power metrics and can connect to Edge cycling computers and popular training platforms. Prices range from $649.99 to $1,199.99. The pedals are engineered for durability, offering up to 120 hours of battery life.

Garmin has strengthened its collaboration with Amazon by integrating the Alexa Custom Assistant into its in-vehicle infotainment systems. This partnership positions Garmin as the first Tier 1 automotive supplier to offer this technology, enhancing user experience through customizable, AI-powered voice solutions. The integration allows automakers to develop tailored intelligent assistants and access advanced capabilities, enhancing operational efficiency and customer engagement. This strategic move expands Garmin's service offerings to key automotive brands, including BMW, Daimler, Ford, Honda, Toyota, and Geely.

Garmin International, a unit of Garmin Ltd. (NASDAQ: GRMN), has announced sponsorship for over 20 professional cycling teams and numerous elite runners and triathletes for 2021. This includes the addition of Team Jumbo-Visma's new women's team. Notable sponsored athletes include Tom Evans and Keegan Swenson. The Garmin-Tacx sponsored teams will utilize advanced products like the Forerunner running watches and Edge cycling computers, enhancing their performance. This initiative is part of Garmin's commitment to support athletes with innovative technology.

Garmin International, a unit of Garmin Ltd. (NASDAQ: GRMN), has launched new products in its Approach series, including the Approach S42 smartwatch, Approach S12 watch, and Approach G12 GPS rangefinder. Each device comes preloaded with over 42,000 golf courses and boasts features like exceptional battery life and connectivity with Garmin's club tracking sensor. The Approach S42 retails at $299.99, the S12 at $199.99, and the G12 at $149.99, emphasizing style, precision, and enhanced golfing experiences.