secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000950170-22-020098
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022020098/0000950170-22-020098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022020098/grmn-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020098

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