---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017560"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:41:37.954041+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Garmin reports record FY revenue $5.23B (+8% YoY); Q4 EPS $2.82

## Summary
- Q4 revenue $1.48B (+13% YoY); GAAP EPS $2.82, pro forma EPS $1.72 (+27%).
- FY 2023 record revenue $5.23B (+8%); GAAP EPS $6.71, pro forma EPS $5.59 (+9%).
- Q4 operating income $340M (+27%); gross margin 58.3% vs 57.0% prior year.
- Auto OEM Q4 revenue +54%, Fitness +22%; Aviation, Marine, Auto OEM each posted FY record revenue.
- Company proposes dividend increase and announces share repurchase program (amounts undisclosed).

## SEC filing metadata
- accession: 0000950170-24-017560
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2024-02-21T23:59:59+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/1121788/000095017024017560/0000950170-24-017560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017024017560/grmn-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017560
- JSON: https://secwatch.observer/filing/0000950170-24-017560.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017560.txt

## Key facts
- Earnings Releases
  GARMIN LTD reported financial results for the fiscal fourth quarter and fiscal year ended December 30, 2023.
  - Period: the fiscal fourth quarter and fiscal year ended December 30, 2023
  - Result: reported results
  source text: On February 21, 2024, Garmin Ltd. (“the Company”) issued a press release announcing its financial results for the fiscal fourth quarter and fiscal year ended December 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017024017560/0000950170-24-017560-index.htm

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