Company

Garmin Ltd.

Headquarters: Schaffhausen, Switzerland

Founded: October 1989

Employees: 18,700

CEO: Mr. Clifton Albert Pemble

show_chart NASDAQ: GRMN

Market Cap

$23.35 Billion

USD as of April 1, 2022

history Market Cap History

Garmin Ltd. market capitalization over time

Evolution of Garmin Ltd. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Garmin Ltd.

Detailed Description

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Wikipedia Introduction

Garmin Ltd. (shortened to Garmin, stylized as GARMIN, and formerly known as ProNav) is an Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is incorporated in Schaffhausen, Switzerland. The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sport activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.

Source: Wikipedia, retrieved on March 31, 2022, 8:58 p.m.

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Product & Services

GPS receivers, avionics, wearable technology

Key People

Founder(s): Gary Burrell Min Kao

Cliff Pemble (President & CEO) Min Kao (Chairman) Doug Boessen (CFO)

Financials

Revenue: US$4.19 billion (2020)

Operating income: US$1,054 million (2020)

Net income: US$992 million (2020)

Stocks & Indices

Garmin Ltd. has the following listings and related stock indices.


Stock: NASDAQ: GRMN

Details

Headquarters:

Muhlentalstrasse 2

Schaffhausen, 8200

Switzerland

Phone: 41 52 630 1600