---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-020098"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:41:46.264181+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-020098
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1121788/000095017022020098/0000950170-22-020098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017022020098/grmn-20221026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-020098
- JSON: https://secwatch.observer/filing/0000950170-22-020098.json
- Plain text: https://secwatch.observer/filing/0000950170-22-020098.txt

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