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AI brief of an SEC Form 8-K · Garmin (GRMN)

Garmin Q2 revenue rises 14% to $1.51 billion and full-year guidance is raised

Positive Impact 4 of 5 earnings Written later

Garmin reported fiscal second quarter 2024 revenue of $1.51 billion, up 14% from the prior year quarter, with GAAP diluted EPS of $1.56 and pro forma diluted EPS of $1.58, up 9%. The company raised its full-year 2024 guidance to revenue of approximately $5.95 billion and pro forma EPS of $6.00, which points to higher expected results for shareholders.

Key points

  • Q2 2024 net sales were $1,506,671 thousand, up 14%, with Fitness up 28%, Marine up 26% and Auto OEM up 41%, while Outdoor fell 2%
  • GAAP diluted EPS was $1.56 versus $1.50, and pro forma diluted EPS was $1.58 versus $1.45
  • Full-year 2024 guidance now calls for revenue of approximately $5.95 billion and pro forma EPS of $6.00
  • Quarterly dividend of $0.75 per share has a record date of September 13, 2024 and a payment date of September 27, 2024

The filing

CompanyGarmin (GRMN)
Form8-K, current report
Filed with the SECJul 31, 2024, 7:00 AM ET
Accession number0000950170-24-088226

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.