---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-118579"
form_type: "8-K"
ticker: "GRMN"
cik: "0001121788"
company_name: "GARMIN LTD"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T07:59:57.656416+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-118579
- form_type: 8-K
- ticker: GRMN
- cik: 0001121788
- company_name: GARMIN LTD
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1121788/000095017024118579/0000950170-24-118579-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017024118579/grmn-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-118579
- JSON: https://secwatch.observer/filing/0000950170-24-118579.json
- Plain text: https://secwatch.observer/filing/0000950170-24-118579.txt

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