Garmin Q3 revenue $1.14B (-4% YoY), GAAP EPS $1.09; raises 2022 EPS guidance

GARMIN LTD

2022-Q3 EPS reported $3.52 revenue$3,553,931,000

Revenue $1.14B, down 4% YoY; gross margin 58.8%, operating margin 21.0%.
GAAP EPS $1.09, pro forma EPS $1.24; operating income $239M, down 15%.
Fitness segment revenue declined 18% to $280M; Outdoor +5%, Aviation +4%, Marine -5%, Auto -2%.
FX headwind of ~$70M from USD strength; company raises 2022 EPS guidance on improved margin outlook.
Launched Index BPM blood pressure monitor; inReach SOS responses exceeded 10,000 since 2011.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.