Garmin Q2 revenue rises 14% to $1.51B; raises full-year guidance

GARMIN LTD

2024-Q2 EPS reported $2.99 revenue$2,888,320,000

Consolidated revenue $1.51B (+14% YoY); GAAP EPS $1.56, pro forma EPS $1.58.
Fitness revenue up 28%, Marine +26%, Auto OEM +41% YoY; Outdoor down 2%.
Operating income $342M (+20% YoY); gross margin 57.3%, operating margin 22.7%.
Full-year 2024 guidance raised; shipped one millionth domain controller to Auto OEM.
Company surpassed 20,000 employees; Garmin Health supported over 1,000 research studies.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.