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GRMN Q2 2024 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena
GRMN
Garmin Ltd.
$46B
Q2 2024 Earnings
Technology
Hardware, Equipment & Parts
Income Statement
Revenue
$1.5B
+14.1% YoY
Gross Profit
$863M
57.3% margin
Operating Income
$342M
22.7% margin
Net Income
$301M
20.0% margin
EPS (Diluted)
$1.56
QoQ Revenue Growth
+9.0%
Cash Flow
Operating Cash Flow
$255M
Free Cash Flow
$218M
Stock-Based Comp.
$35M
Balance Sheet
Total Assets
$8.9B
Total Liabilities
$1.9B
Stockholders' Equity
$7.0B
Cash & Equivalents
$1.9B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.5B
$1.3B
+14.1%
Gross Profit
$863M
$759M
+13.6%
Operating Income
$342M
$284M
+20.3%
Net Income
$301M
$288M
+4.4%
Revenue Segments
Outdoor
$440M
29%
Fitness
$428M
28%
Marine Segment
$273M
18%
Aviation
$218M
14%
Automotive Mobile
$147M
10%
Geographic Segments
Americas
$741M
49%
EMEA
$542M
36%
Asia Pacific
$224M
15%
← FY 2024
All Quarters
Q3 2024 →