---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057112"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:00:09.974246+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Garmin Q3 2023 revenue $1.28B (+12%), operating income $270M (+13%)

## Summary
- Consolidated revenue $1.28B, up 12% YoY; operating income $270M, up 13%.
- GAAP diluted EPS $1.34; pro forma diluted EPS $1.41, up 14% YoY.
- Fitness revenue $353M (+26%), Auto OEM $110M (+59%); Marine declined 7%.
- Record Q3 revenue in Fitness, Outdoor, Aviation, and Auto OEM segments.
- Completed acquisition of JL Audio; generated $312M free cash flow.

## SEC filing metadata
- accession: 0000950170-23-057112
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1121788/000095017023057112/0000950170-23-057112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017023057112/grmn-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057112
- JSON: https://secwatch.observer/filing/0000950170-23-057112.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057112.txt

## Key facts
- Earnings Releases
  GARMIN LTD reported the fiscal third quarter ended September 30, 2023 results: revenue $1,277,531, EPS GAAP diluted EPS $ 1.34.
  - Period: the fiscal third quarter ended September 30, 2023
  - Revenue: $1,277,531
  - EPS: GAAP diluted EPS $ 1.34
  - Result: reported results
  source text: except per share information) 13-Weeks Ended 39-Weeks Ended September 30, September 24, YoY September 30, September 24, YoY 2023 2022 Change 2023 2022 Change Net sales $ 1,277,531 $ 1,140,434 12% $ 3,745,751 $ 3,553,931 5% Fitness 352,976 279,875 26% 932,561 772,867 21% Outdoor 433,997 406,832 7% 1,210,773 1,318,810 (8)% Aviation 198,160 188,043 5% 629,195
  evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023057112/0000950170-23-057112-index.htm

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