secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000950170-24-088226
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017024088226/0000950170-24-088226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017024088226/grmn-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088226

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