Garmin Ltd. (GRMN)

Garmin's stock has shown positive performance in the past six months. Between July 18, 2024, and July 17, 2025, the share price increased by 31.68%. Over the last 12 months, the stock price has increased by 33.14%, with a year-to-date return of 9.77%. In the past month, the stock increased by 13.27%, and in the past week, it rose by 4.66%. Garmin is scheduled to release its second-quarter 2025 earnings report on July 30, 2025.

Demand for Garmin's products exhibits some seasonality depending on the segment. Fitness and Outdoor product sales are generally higher in the fourth quarter and also see increased demand in the second quarter. Marine product sales typically increase in the first and second quarters. Aviation and Automotive OEM product sales do not experience significant seasonal variations.

Garmin Ltd. is a multinational technology company specializing in GPS technology and wearable devices, headquartered in Schaffhausen, Switzerland, with operational headquarters in Olathe, Kansas. The company operates within the Technology sector, designing, developing, manufacturing, marketing, and distributing a diverse range of wireless devices and applications globally. Garmin's business is diversified across five primary segments: Fitness, Outdoor, Aviation, Marine, and Automotive. The Fitness segment includes running and multi-sport watches, cycling products, smartwatches, scales, and monitors, along with web and mobile platforms. The Outdoor segment features handheld GPS devices, satellite communicators, and outdoor smartwatches. The Aviation segment provides avionics systems, flight instruments, and navigation solutions. The Marine segment serves boating and fishing communities with products such as chartplotters, fishfinders, radar, and autopilot systems. The Automotive segment offers GPS navigation devices, dash cameras, and infotainment systems.

Garmin has a significant global presence, operating in over 60 countries and maintaining a business presence across North America, Asia-Pacific, Europe, the Middle East, and Africa. The company has recently expanded its footprint in Europe, extending its Outdoor Maps+ offering and broadening its Garmin Navigation Database coverage for aviation.

In the past year, Garmin has maintained a strong brand reputation, marked by consistent recognition for innovation and customer service. The company was ranked number one in customer support for the 21st consecutive year by both Professional Pilot and Aviation International News. Garmin was also named the 2024 Manufacturer of the Year by the National Marine Electronics Association and received the 2024 IBEX Innovation Award. Additionally, Soundings Trade Only recognized Garmin as the 2024 Most Innovative Marine Company. In 2023, Forbes ranked Garmin No. 2 on its list of America's Best Large Employers.

Garmin Ltd. has a mixed ownership structure, with significant institutional, insider, and retail investor holdings. Key institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Artisan Partners Limited Partnership, Geode Capital Management, Llc, and Fmr Llc. Significant individual shareholders include co-founder Min H. Kao, Gary L. Burrell, and Jonathan Burrell.