GRMN Q2 2024 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q2 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.5B+14.1% YoY

Gross Profit

$863M57.3% margin

Operating Income

$342M22.7% margin

Net Income

$301M20.0% 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

$440M29%

Fitness

$428M28%

Marine Segment

$273M18%

Aviation

$218M14%

Automotive Mobile

$147M10%

Geographic Segments

Americas

$741M49%

EMEA

$542M36%

Asia Pacific

$224M15%