---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-006333"
form_type: "8-K/A"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T03:56:31.901965+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Record Q1 revenue of $1.17B (+9% YoY); GAAP EPS $1.09 (-4%), pro forma EPS $1.11 (-6%).
- Outdoor segment surged 50% to $384.6M; Fitness dropped 28% to $220.9M; Marine +21%, Auto +11%.
- Gross margin 56.5% (down from 59.8%); operating margin 19.5% (down from 23.3%).
- Board authorized $300M share repurchase through Dec 29, 2023.

## SEC filing metadata
- accession: 0000950170-22-006333
- form_type: 8-K/A
- 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/1121788/000095017022006333/0000950170-22-006333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017022006333/grmn-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-006333
- JSON: https://secwatch.observer/filing/0000950170-22-006333.json
- Plain text: https://secwatch.observer/filing/0000950170-22-006333.txt

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