GRMN Q2 2021 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$45B

Q2 2021 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.3B+52.5% YoY

Gross Profit

$781M58.8% margin

Operating Income

$371M28.0% margin

Net Income

$317M23.9% margin

EPS (Diluted)

$1.64

QoQ Revenue Growth

+23.7%

Cash Flow

Operating Cash Flow

$230M

Free Cash Flow

$120M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$7.4B

Total Liabilities

$1.8B

Stockholders' Equity

$5.6B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$870M	+52.5%
Gross Profit	$781M	$515M	+51.5%
Operating Income	$371M	$188M	+97.0%
Net Income	$317M	$184M	+72.1%

Revenue Segments

Fitness

$413M31%

Outdoor

$323M24%

Marine Segment

$262M20%

Aviation

$181M14%

Automotive Mobile

$148M11%

Geographic Segments

Americas

$646M49%

EMEA

$489M37%

Asia Pacific

$192M14%