Garmin reports Q3 record revenue $1.59B (+24%), raises full-year guidance

GARMIN LTD

2024-Q3 EPS reported $5.06 revenue$4,474,342,000

Revenue $1.59B, +24% YoY; operating income $437M, +62% YoY; GAAP EPS $2.07, pro forma EPS $1.99.
Gross margin 60.0% (57.0% prior year); operating margin 27.6% (21.2% prior year); all segments grew.
Fitness +31%, Outdoor +21%, Aviation +3%, Marine +22%, Auto OEM +53% YoY growth.
Launched fēnix 8 and Enduro 3 watches; acquired Lumishore, a marine LED lighting leader.
Company raised full-year 2024 guidance citing strong demand and operational leverage.

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.