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. (NYSE: GRMN) regularly issues news covering its GPS-enabled devices, software platforms and technology solutions across fitness, outdoor, automotive, aviation and marine markets. As a Swiss-incorporated manufacturer with principal subsidiaries in the United States, Taiwan and the United Kingdom, Garmin uses press releases to highlight new products, platform updates, collaborations and financial communications.
Recent announcements illustrate the range of Garmin’s news. In fitness and health, the company has introduced nutrition tracking within the Garmin Connect app and Garmin Connect+ plan, allowing users to log calories and macronutrients, access a global food database, use AI-powered food recognition and receive Active Intelligence insights that relate nutrition to sleep, training and overall wellbeing. Annual Garmin Connect Data Reports summarize global activity and health trends drawn from the Garmin user community.
In outdoor and marine categories, Garmin news includes launches such as the inReach Mini 3 Plus satellite communicator for backcountry connectivity and safety, and JL Audio AP Amplifiers designed for boats and off-road vehicles with rugged construction and IP67 water and dust resistance. For mariners, Garmin has also announced nautical smartwatches like the quatix 8 Pro, which combine marine-focused features with satellite and cellular connectivity where available.
Garmin’s aviation and automotive OEM updates feature integrated flight decks like the G5000H for helicopter upgrades, as well as automotive platforms such as Unified Cabin and the Nexus high-performance compute platform developed with Qualcomm Technologies. These releases describe capabilities ranging from synthetic vision and terrain awareness in cockpits to AI/LLM-based virtual assistants, digital keys and multi-domain computing in vehicles.
Investors can also find news about upcoming earnings conference calls and quarterly results, which are referenced in Form 8-K filings and associated press releases. For anyone following GRMN, this news feed offers a centralized view of product introductions, technology demonstrations, partnerships and corporate updates.
Garmin will host its Garmin Developer Virtual Conference (GDVC) on October 13, 2021, continuing its online format. The free, global event aims to provide insights into Connect IQ and Garmin Connect technologies, addressing both newcomers and seasoned developers. Keynote speakers include fitness expert DC Rainmaker, with sessions covering advanced wellness monitoring and fitness tech trends. This initiative reinforces Garmin's commitment to innovation and enhancing user experiences within its developer ecosystem.
Garmin has been named Manufacturer of the Year for the seventh consecutive time by the National Marine Electronics Association (NMEA) during an event on Sept. 23 in location value="LU/us.fl.orlndo"Orlando, Fla.. The company also received five NMEA Product of Excellence awards across categories such as multi-function displays and autopilot systems, showcasing its commitment to innovation and reliability. Additionally, Garmin was recognized as a Top 10 Most Innovative Marine Company for 2021, marking its fourth consecutive year on this prestigious list.
Garmin has launched the Adventure Racing sport profile, allowing endurance athletes to track vital information during competitions using the Enduro multisport watch. This update enables competitors to monitor biometric data and utilize features like altimeter and compass while adhering to Adventure Racing rules. The Enduro watch offers a battery life of up to 70 hours in GPS mode. Athletes can now compete while keeping the watch on, enhancing their experience during rugged multisport events.
Garmin (NASDAQ: GRMN) has launched its innovative Surround View Camera System, designed for recreational boating and yachting. This system utilizes six 1080p cameras to provide a live 360-degree view around the vessel, enhancing situational awareness for low-speed maneuvers like docking. Key features include a Visual Bumper for obstacle detection and Distance Markers for navigating tight spaces. The system integrates seamlessly with Garmin chartplotters and is available for demonstration at the Cannes Yachting Festival and Fort Lauderdale Boat Show. This innovation aims to improve safety and ease of boating operations.
The board of Garmin Ltd. (NASDAQ: GRMN) has announced a dividend of $0.67 per share, payable on September 30, 2021, with a record date of September 15, 2021. This is part of an overall cash dividend approved at the 2021 annual shareholders’ meeting, totaling $2.68 per share, to be distributed in four equal installments. The first installment was paid on June 30, 2021. Future payments are scheduled for December 31, 2021 and March 31, 2022, pending board approval.
Garmin Ltd. (NASDAQ: GRMN) has partnered with Malibu Boats, Inc. to exclusively equip its Axis Wake Research boats with a customized 7-inch touchscreen display starting in model year 2022. This collaboration underscores Garmin's commitment to enhancing the boating experience with superior technology and reliability. The new display will feature customized shortcut keys and is designed to withstand the marine environment, supporting enhanced functionality for water sports enthusiasts. Garmin's market leadership in marine electronics continues to be reinforced through such strategic partnerships.
Garmin has launched the Approach R10, a portable golf launch monitor designed to enhance golfers' performance. This device provides real-time metrics such as club head speed, ball speed, and swing tempo, making it suitable for golfers at all levels. The Approach R10 features a Training Mode for tracking stats and a Home Tee Hero simulator offering access to over 42,000 golf courses. Priced at $599.99, it includes a 30-day free trial for Garmin Golf app premium membership, allowing users to participate in weekly tournaments and utilize advanced golfing simulations.
Garmin International, a unit of Garmin Ltd. (NASDAQ: GRMN), has launched the Apollo™ Series amplifiers from Fusion® Entertainment. These amplifiers enhance audio clarity and reduce distortion for boats equipped with Fusion DSP-enabled stereos. Key features include 150 W RMS per channel, High Power Mode, and Multiple Protection Modes. Installation is simplified with in-the-box mounting brackets and the Fusion-Link app. The amplifiers are available in various channel options, priced from $179.99 to $949.99. Garmin aims to provide high-end audio quality for marine environments.
Garmin Ltd. (NASDAQ: GRMN) reported a record revenue of $1.33 billion for Q2 2021, marking a 53% increase year-over-year, driven by strong performance across all segments. Operating income surged 97% to $371 million, and GAAP EPS rose to $1.64, an 85% increase in pro forma EPS. The company launched several new products, including Venu 2 smartwatches and the Descent Mk2S dive computer. Despite a marginal dip in gross margin to 58.8%, Garmin raised its full-year guidance to approximately $4.9 billion in revenue and $5.50 in pro forma EPS.
Garmin International Inc. has announced enhancements to the GI 275 engine indication system (EIS) aimed at improving pilot interface and data accessibility. Key updates include enhanced display layouts, a new Flight Summary Page for real-time data analysis, and customizable EIS fields. The touchscreen interface now allows quick page navigation. Additionally, the GI 275 EIS includes wireless data logging features, enabling pilots to stream real-time data through the Garmin Pilot App. These updates are expected to roll out in August 2021, providing a modern solution for piston-powered aircraft.