---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-001304"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2022-02-16T23:59:59+00:00"
generated_at: "2026-06-27T07:22:51.281074+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Garmin reports record FY2021 revenue $4.98B, Q4 EPS $1.48; proposes dividend increase

## Summary
- Q4 consolidated revenue $1.39B (+3% YoY); GAAP EPS $1.48 (down 14% YoY); pro forma EPS $1.55.
- FY2021 record revenue $4.98B (+19% YoY); record operating income $1.22B (+16%); GAAP EPS $5.61 (+9%).
- Q4 operating income $315M, down 15% YoY; gross margin 55.5% vs 58.5% prior year.
- Segment: Auto +21%, Marine +14%, Aviation +13%, Fitness flat, Outdoor -8%.
- Board proposes dividend increase; also acquired Vesper Marine (marine communication equipment).

## SEC filing metadata
- accession: 0000950170-22-001304
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2022-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1121788/000095017022001304/0000950170-22-001304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017022001304/grmn-20220216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-001304
- JSON: https://secwatch.observer/filing/0000950170-22-001304.json
- Plain text: https://secwatch.observer/filing/0000950170-22-001304.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.