---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036763"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:32:32.235903+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Garmin Q2 revenue up 6% to $1.32B; GAAP EPS $1.50, pro forma $1.45

## Summary
- Consolidated revenue $1.32B (+6% YoY); operating income $284M (-3% YoY).
- Fitness segment $334.9M (+23%); Auto OEM $104.6M (+77%) on new wins.
- GAAP EPS $1.50 (+13% YoY); pro forma EPS $1.45 (+1% YoY).
- Gross margin 57.5% vs 58.7% prior year; operating margin 21.5% vs 23.6%.
- Launched epix Pro series; Autoland/Autothrottle retrofit for King Air nearing certification.

## SEC filing metadata
- accession: 0000950170-23-036763
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2023-08-02T23:59:59+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/1121788/000095017023036763/0000950170-23-036763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017023036763/grmn-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036763
- JSON: https://secwatch.observer/filing/0000950170-23-036763.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036763.txt

## Key facts
- Earnings Releases
  GARMIN LTD reported second quarter ended July 1, 2023 results: revenue $1.32 billion, EPS $1.50.
  - Period: second quarter ended July 1, 2023
  - Revenue: $1.32 billion
  - EPS: $1.50
  - Result: reported results
  source text: Newswire – Garmin ® Ltd. (NYSE: GRMN), today announced results for the second quarter ended July 1, 2023. Highlights for second quarter 2023 include: • Consolidated revenue of $1.32 billion, a 6% increase compared to the prior year quarter • Gross margin and operating margin were 57.5%, and 21.5% • Operating income was $284 million, a 3% decrease compared to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023036763/0000950170-23-036763-index.htm

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