GRMN Q3 2022 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q3 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.1B-4.3% YoY

Gross Profit

$670M58.8% margin

Operating Income

$239M21.0% margin

Net Income

$211M18.5% margin

EPS (Diluted)

$1.09

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

$154M

Free Cash Flow

$103M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$7.6B

Total Liabilities

$1.7B

Stockholders' Equity

$5.9B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.2B	-4.3%
Gross Profit	$670M	$696M	-3.7%
Operating Income	$239M	$283M	-15.3%
Net Income	$211M	$259M	-18.6%

Revenue Segments

Aviation

$568M32%

Automotive Mobile

$413M23%

Outdoor

$340M19%

Fitness

$280M16%

Marine Segment

$197M11%

Geographic Segments

Americas

$563M49%

EMEA

$383M34%

Asia Pacific

$194M17%