Garmin Stock Price, News & Analysis

Garmin International, a unit of Garmin Ltd. (NASDAQ: GRMN), is making its debut in the powersports market, introducing three key products: the Tread powersport navigator, Garmin PowerSwitch, and BC 40 wireless camera. Priced at $799.99, these products cater to off-road enthusiasts, providing weather-resistant navigation and communication capabilities. The Tread navigator features Group Ride Radio, allowing tracking of up to 20 riders, while the PowerSwitch manages vehicle accessories. All products aim to enhance off-road adventures and are now available for purchase.

Garmin International has announced that its innovative Autoland system is a finalist for the prestigious 2020 Robert J. Collier Trophy, awarded by the National Aeronautic Association. This groundbreaking technology enables an aircraft to autonomously land in emergencies, marking it as the first certified system of its kind. The system can be activated by a passenger or automatically, ensuring safety during critical situations. Previous certifications for Autoland were achieved in 2020 by Piper Aircraft, DAHER, and Cirrus Aircraft, showcasing Garmin's commitment to advancing aviation safety.

Garmin International has been awarded the 2021 Editors’ Choice Award by FLYING Magazine for its innovative Garmin Autoland system. This system is the first certified technology capable of autonomously landing an aircraft during emergencies. It can be activated by the pilot or a passenger and calculates a safe flight path while avoiding obstacles. The Autoland received FAA certification for the Piper M600, Daher TBM 940, and Cirrus Vision Jet, enhancing Garmin's position in aviation safety technology.

Garmin Ltd. (NASDAQ: GRMN) reported financial results for Q4 and fiscal year 2020, showcasing substantial growth. Q4 revenue reached $1.35 billion, a 23% increase year-over-year, contributing to a record annual revenue of $4.19 billion (11% growth). Notable segment performances included a 40% revenue growth in outdoor and 48% in marine. Operating income for Q4 was $371 million, a 34% increase, while GAAP EPS stood at $1.73. Looking ahead, Garmin expects 2021 revenue of $4.6 billion and pro forma EPS of $5.15.

Garmin^® International, Inc. has launched the Enduro™ ultraperformance GPS watch, tailored for endurance athletes, featuring customizable power management modes and a Power Glass™ solar charging lens. The Enduro watch offers battery life up to 65 days and includes advanced training tools such as VO2 Max tracking and ClimbPro™ functionalities. With a suggested retail price ranging from $799.99 to $899.99, it emphasizes staying connected in challenging environments and includes health tracking features like heart rate monitoring and Pulse Ox sensors.

Garmin International has secured a long-term partnership with Joby Aviation to equip their all-electric vertical takeoff and landing (eVTOL) aircraft with the Garmin G3000 integrated flight deck. This agreement positions Garmin as a key technology provider in the Urban Air Mobility sector, with the G3000 system expected to enhance Joby’s air mobility services set to launch in 2024. The flight deck is designed for seamless integration with Joby’s systems, showcasing Garmin’s commitment to innovation in aviation technology.

Garmin International, a unit of Garmin Ltd. (NASDAQ: GRMN), has won a trade lawsuit against Philips North America and Koninklijke Philips NV. An Administrative Law Judge (ALJ) determined that Philips’ patents were invalid and did not infringe on Garmin's wearable devices. Garmin expressed satisfaction with the ruling, emphasizing its commitment to contesting unfounded patent lawsuits. This initial determination can be reviewed by the International Trade Commission.

Garmin has launched the Lily smartwatch, designed specifically for women, combining fashion with functionality. Available in Classic ($249.99) and Sport ($199.99) models, Lily features a 34mm case, stylish design, and health-tracking capabilities including menstrual cycle and pregnancy monitoring. With a battery life of up to 5 days, it offers smart notifications and activity tracking. The launch reflects Garmin's dedication to women's wellness and fashion-forward technology.

Garmin has announced that its GI 275 electronic flight instrument has received EASA approval for installation in over 1,000 single-engine and multi-engine aircraft. This modern instrument serves as a replacement for legacy flight instruments, offering features like a high-resolution touchscreen display, Synthetic Vision Technology, and compatibility with multiple GPS sources. The GI 275 is designed to enhance cockpit functionality while also being lightweight and compact, simplifying installation. It is available immediately and comes with a two-year warranty and 24/7 technical support.