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 has launched Smart Glide, a safety tool that automates cockpit tasks during engine power loss emergencies, reducing pilot workload. Integrating with Garmin's existing avionics, Smart Glide recommends suitable airports within glide range, optimizing settings for a safe landing. Activation can be done via a dedicated button or a long press of the Direct-to button. The feature enhances situational awareness with real-time updates and automates flight adjustments, significantly aiding pilots in high-stress situations. It will be available as a software upgrade in August 2021.
Garmin International has received Supplemental Type Certificate (STC) approval for its GFC 600H flight control system on the Bell 505 helicopter. This system enhances safety with features like attitude hold, hover assist, and low-speed protection, reducing pilot workload significantly. The GFC 600H integrates smoothly with the G1000H avionics system, allowing precise navigation and automated flight operations. It will be available as a factory-installed option in new helicopters and as a retrofit option in August 2021, marking a significant advancement in helicopter flight control technology.
Garmin announced the launch of the LiveScope Ice Fishing Bundle LI, a state-of-the-art chartplotter and transducer package featuring advanced Panoptix LiveScope sonar technology. This bundle includes a lightweight lithium battery, offering a significant advantage with up to 65% more battery life compared to traditional lead-acid batteries. The bundle is designed for real-time fish tracking with two sonar modes and comes equipped with a large ECHOMAP UHD 93sv touchscreen, preloaded with detailed lake maps. Retailing at $2,999.99, the product will be available in September 2021.
Garmin Ltd. (Nasdaq: GRMN) announces its second quarter 2021 earnings conference call scheduled for July 28, 2021, at 10:30 a.m. ET. Executives will discuss earnings details, which will be released prior to market open on the same day. Interested parties can join the call via a dedicated website link or by phone. The event aims to provide insights into Garmin's financial performance for the quarter.
Archive access for the call will be available until July 27, 2022. For additional information, visit Garmin's investor relations site.
Garmin International announced TXi engine indication system (EIS) support for select twin turboprop aircraft, enhancing cockpit modernization. Key features include engine timers, exceedance recordings, and wireless data logging, leading to improved efficiency and reduced maintenance costs. The TXi EIS will be available for Cessna 425, King Air 90 series, and select Piper Cheyenne variants. Enhancements also cover dynamic markings and electronic ignition support, set to be released in July via Garmin dealers, backed by a two-year warranty.
Garmin announced that pro angler Hank Cherry Jr. won the Academy Sports + Outdoors Bassmaster Classic, marking his second consecutive victory. Cherry achieved a weight total of 50 pounds 15 ounces, making him one of only four anglers to win back-to-back Classics in its 51-year history. He relied on Garmin's ECHOMAP Ultra chartplotters and Panoptix LiveScope sonar to secure his win. David Dunn, Garmin's senior director of marine sales, praised Cherry's achievement, celebrating Garmin's presence in the tournament with 14 anglers competing, including others who placed in the top five.
Garmin announced its new 2021 voice-controlled Dash Cam series, featuring models Mini 2, 47, 57, and 67W. These compact dash cams capture incidents and store videos in Garmin's online Vault. Key features include HD recording, Live View monitoring, and advanced alerts for parked vehicles. The series offers pricing from $129.99 to $259.99. The Dash Cams are equipped with Garmin Clarity HDR optics and voice control in multiple languages, enhancing user experience. Available now, these devices aim to bolster driver safety and peace of mind.
Garmin announced the 2021 Garmin Health Awards, recognizing innovative uses of its wearable technology in health and wellness programs. The awards feature three categories: Health Care, Insurance, and Engagement. Winners will be revealed at the Garmin Health EMEA Summit on Oct. 28-29, with each recipient awarded 50 Venu Sq smartwatches valued at approximately $10,000. The submission period runs from June 8 to July 31, 2021. Garmin emphasizes the importance of integrating physiological data with solutions, aiming to foster long-term health benefits.
Garmin Ltd. (NASDAQ:GRMN) announced at its annual shareholders’ meeting the approval for a cash dividend of $2.68 per share, payable in four quarterly installments. The first installment of $0.67 will be paid on June 30, 2021, with a record date of June 15, 2021. Subsequent dividends are scheduled for September 30, December 31, and March 31 of 2022, maintaining the same dividend amount. Shareholders are advised that the dividend is subject to adjustments if the Swiss Franc weakens significantly against the USD.
Garmin has been awarded the prestigious 2020 Robert J. Collier Trophy for its groundbreaking Autoland system, recognized as the first certified autonomous technology that can safely land an aircraft without human intervention. The system provides critical safety enhancements, especially during emergencies such as pilot incapacitation. Several aircraft have received Type Certification for Autoland, including Piper Aircraft's M600 SLS and Cirrus Aircraft's Vision Jet. The award highlights Garmin's commitment to innovation in aviation safety.