secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000950170-22-013147
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin Q2 revenue $1.24B (-6% YoY), GAAP EPS $1.33 (-19%); Outdoor +18% offsets Fitness -34%
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- Consolidated revenue $1.24B, down 6% YoY; GAAP diluted EPS $1.33, down 19%.
- Fitness segment revenue $272M, down 34% YoY; Outdoor $382M, up 18%; Aviation $205M, up 13%.
- Pro forma EPS $1.44 (-14%); gross margin 58.7% vs 58.8% last year.
- Currency headwind ~$57M from USD strengthening vs major currencies.
- Launched Forerunner 955 Solar, Edge 1040 Solar, dēzl headset; >25,000 flight deck deliveries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022013147/0000950170-22-013147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022013147/grmn-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013147

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