secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-036763
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017023036763/0000950170-23-036763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017023036763/grmn-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036763

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer