Garmin Ltd. (GRMN) Tops Q2 EPS by 42c; Raises Outlook

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Go back to Garmin Ltd. (GRMN) Tops Q2 EPS by 42c; Raises Outlook

Garmin announces second quarter results

July 28, 2021 7:00 AM EDT

Company reports record second quarter revenue and operating income

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin® Ltd. (NASDAQ: GRMN), today announced results for the second quarter ended June 26, 2021.

Highlights for second quarter 2021 include:

Total revenue of $1.33 billion, a 53% increase over the prior year quarter with double-digit growth in all segments Gross margin of 58.8% compared to 59.3% in the prior year quarter Operating margin improved to 28.0% compared to 21.7% in the prior year quarter Operating income of $371 million, a 97% increase over the prior... More