secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0000950170-21-002334
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin Q3 revenue $1.19B (+7% YoY); GAAP EPS $1.34, down 18% YoY; operating income -11%
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- Revenue $1.19B, +7% YoY; GAAP EPS $1.34 (-18% YoY), pro forma EPS $1.41 (-11%).
- Segment: Marine +25%, Aviation +19%, Auto +7%, Fitness +4%, Outdoor -3%.
- Gross margin 58.4% (down from 60.2%), operating margin 23.7% (down from 28.6%).
- Operating income $283M, -11% YoY despite revenue growth.
- Named Manufacturer of Year by NMEA for 7th year; ranked #1 avionics support for 18th year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017021002334/0000950170-21-002334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017021002334/grmn-20211027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002334

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