---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-006272"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T03:56:29.286008+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Garmin Q1 revenue $1.17B record (+9% YoY); EPS $1.09 down 4%; authorizes $300M buyback

## Summary
- GAAP diluted EPS of $1.09 vs $1.14 last year, down 4%; pro forma EPS $1.11 vs $1.18.
- Operating income $229M, down 8% YoY; gross margin 56.5% vs 59.8%.
- Outdoor segment revenue $384.6M (+50% YoY); Fitness $220.9M (-28% YoY).
- Board authorized $300M share repurchase through Dec 29, 2023.
- Marine revenue $254.1M (+21% YoY); Auto $138.3M (+11%); Aviation $174.8M (+1%).

## SEC filing metadata
- accession: 0000950170-22-006272
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1121788/000095017022006272/0000950170-22-006272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017022006272/grmn-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-006272
- JSON: https://secwatch.observer/filing/0000950170-22-006272.json
- Plain text: https://secwatch.observer/filing/0000950170-22-006272.txt

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