GRMN Q3 2023 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q3 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.3B+12.0% YoY

Gross Profit

$729M57.0% margin

Operating Income

$270M21.2% margin

Net Income

$257M20.1% margin

EPS (Diluted)

$1.34

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$357M

Free Cash Flow

$312M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$8.0B

Total Liabilities

$1.6B

Stockholders' Equity

$6.3B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.1B	+12.0%
Gross Profit	$729M	$670M	+8.7%
Operating Income	$270M	$239M	+12.9%
Net Income	$257M	$211M	+22.0%

Revenue Segments

Outdoor

$434M34%

Fitness

$353M28%

Aviation

$198M16%

Marine Segment

$182M14%

Automotive Mobile

$110M9%

Geographic Segments

Americas

$628M49%

EMEA

$439M34%

Asia Pacific

$210M16%