secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0000950170-21-000552
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin reports record Q2 revenue of $1.33B, +53% YoY; operating income +97%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017021000552/0000950170-21-000552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017021000552/grmn-20210728.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-000552

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer