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GRMN Q1 2023 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena
GRMN
Garmin Ltd.
$46B
Q1 2023 Earnings
Technology
Hardware, Equipment & Parts
Income Statement
Revenue
$1.1B
-2.2% YoY
Gross Profit
$653M
56.9% margin
Operating Income
$197M
17.2% margin
Net Income
$202M
17.6% margin
EPS (Diluted)
$1.05
QoQ Revenue Growth
-12.2%
Cash Flow
Operating Cash Flow
$279M
Free Cash Flow
$232M
Stock-Based Comp.
$21M
Balance Sheet
Total Assets
$7.7B
Total Liabilities
$1.3B
Stockholders' Equity
$6.4B
Cash & Equivalents
$1.4B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.1B
$1.2B
-2.2%
Gross Profit
$653M
$662M
-1.5%
Operating Income
$197M
$229M
-13.8%
Net Income
$202M
$212M
-4.4%
Revenue Segments
Outdoor
$329M
29%
Marine Segment
$279M
24%
Fitness
$245M
21%
Aviation
$214M
19%
Automotive Mobile
$81M
7%
Geographic Segments
Americas
$612M
53%
EMEA
$356M
31%
Asia Pacific
$180M
16%
← FY 2023
All Quarters
Q2 2023 →