GRMNGarmin Ltd.

$45B

Q2 2020 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$870M-8.9% YoY

Gross Profit

$515M59.3% margin

Operating Income

$188M21.7% margin

Net Income

$184M21.2% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$199M

Free Cash Flow

$142M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$1.5B

Stockholders' Equity

$4.7B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$870M	$955M	-8.9%
Gross Profit	$515M	$575M	-10.4%
Operating Income	$188M	$256M	-26.5%
Net Income	$184M	$224M	-17.7%

Revenue Segments

Fitness

$295M34%

Outdoor

$206M24%

Marine Segment

$158M18%

Aviation

$126M15%

Automotive Mobile

$85M10%

Geographic Segments

Americas

$423M49%

EMEA

$335M39%

Asia Pacific

$112M13%

GRMN Q2 2020 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena