earnings
confidence high
sentiment positive
materiality 0.85
Garmin reports record Q2 revenue of $1.33B, +53% YoY; operating income +97%
GARMIN LTD
2021-Q2 EPS reported
$2.78
revenue$2,399,232,000
- Total revenue $1.33B, up 53% vs prior year, with double-digit growth in all 5 segments.
- Operating income $371M, up 97%; operating margin improved to 28.0% from 21.7%.
- GAAP EPS $1.64; pro forma EPS $1.68, up 85% YoY.
- Segment growth: Fitness +40%, Outdoor +57%, Aviation +43%, Marine +66%, Auto +74%.
- Launched Venu 2 smartwatches and Descent Mk2S dive computer; Autoland won Collier Trophy.