NASDAQ$GRMN
Garmin Ltd. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Garmin reported strong revenue and income, with fitness and marine segments offsetting declines in other areas.
Garmin's Q2 2020 revenue reached $870 million, a 9% decrease year-over-year, with growth in the fitness and marine segments partially offsetting declines in outdoor, aviation, and automotive. The company reported a GAAP EPS of $0.96 and a pro forma EPS of $0.91. They also acquired Firstbeat Analytics.
- Total revenue was $870 million, a 9% year-over-year decrease.
- Gross margin was 59.3% and operating margin was 21.7%.
- GAAP EPS was $0.96 and pro forma EPS was $0.91.
- Acquired Firstbeat Analytics, a leading provider of physiological analytics technology.
Headline financials
Revenue & EPS history
Garmin · Revenue · Quarterly
$870M
Revenue by segment
Garmin · $870M total across 5 segments · Q2 2020
- Fitness$295M+17.1%33.9%
- Outdoor$206M-2.0%23.7%
- Marine$158M+4.2%18.1%
- Aviation$126M-31.4%14.5%
- Auto OEM$85.1M-46.0%9.8%
Forward guidance
This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as “anticipates”, “would,” “may,” “expects,” “estimates,” “plans,” “intends,” “projects,” and other words or phrases with similar meanings.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.4%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+3.2%
Avg return
30 days after
51%
37 / 73 earnings
Positive
+19.3%
Q3 2024
Best reaction
-11.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -3.7% | -5.6% | |
| Q4 2025 | +9.7% | +13.9% | +7.1% | |
| Q3 2025 | -11.5% | -15.1% | -21.3% | |
| Q2 2025 | -7.4% | -5.8% | +1.1% | |
| Q1 2025 | -8.4% | -6.8% | -0.6% | |
| Q4 2024 | +12.6% | +3.7% | -2.1% | |
| Q3 2024 | +19.3% | +20.4% | +27.9% | |
| Q2 2024 | -4.6% | -9.9% | +2.2% | |
| Q1 2024 | +14.4% | +16.2% | +13.4% | |
| Q4 2023 | +9.1% | +10.2% | +20.0% | |
| Q3 2023 | +11.6% | +13.4% | +20.6% | |
| Q2 2023 | -0.0% | -0.2% | -0.3% | |
| Q1 2023 | +4.5% | +6.6% | +9.6% | |
| Q4 2022 | +7.4% | +4.7% | +2.1% | |
| Q3 2022 | +1.2% | +3.7% | +7.3% | |
| Q2 2022 | -4.4% | -4.1% | -10.8% | |
| Q1 2022 | +0.6% | +1.6% | -4.1% | |
| Q4 2021 | -5.5% | -4.5% | -0.2% | |
| Q3 2021 | -9.5% | -11.8% | -13.0% | |
| Q2 2021 | +3.8% | +3.8% | +15.7% | |
| Q1 2021 | -1.7% | -2.3% | +0.8% | |
| Q4 2020 | -3.7% | -3.6% | -5.1% | |
| Q3 2020 | +2.1% | +11.4% | +18.7% | |
| Q2 2020 | +0.7% | +0.6% | +4.4% | |
| Q1 2020 | -2.7% | -4.4% | +8.1% | |
| Q4 2019 | +2.8% | -1.8% | -32.0% | |
| Q3 2019 | +6.6% | +7.2% | +11.1% | |
| Q2 2019 | +0.2% | -1.6% | +6.5% | |
| Q1 2019 | -8.1% | -7.5% | -10.8% | |
| Q4 2018 | +16.1% | +17.7% | +17.8% | |
| Q3 2018 | +6.9% | +2.9% | +5.7% | |
| Q2 2018 | +3.3% | +3.4% | +9.1% | |
| Q1 2018 | +2.3% | +0.6% | +4.1% | |
| Q4 2017 | -6.9% | -6.5% | -11.1% | |
| Q3 2017 | +4.0% | +4.8% | +8.2% | |
| Q2 2017 | +3.7% | +4.2% | +3.7% | |
| Q1 2017 | +0.4% | +1.4% | +3.3% | |
| Q4 2016 | +3.7% | +4.3% | +1.3% | |
| Q3 2016 | -3.4% | -2.3% | +6.6% | |
| Q2 2016 | +15.4% | +20.2% | +8.2% | |
| Q1 2016 | +2.3% | — | — | |
| Q4 2015 | +15.7% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | -4.8% | — | — | |
| Q4 2014 | -10.7% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | -4.4% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +9.3% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | +7.2% | — | — | |
| Q1 2013 | -1.6% | — | — | |
| Q4 2012 | -10.8% | — | — | |
| Q3 2012 | -2.3% | — | — | |
| Q2 2012 | +4.5% | — | — | |
| Q1 2012 | -3.5% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | +4.9% | — | — | |
| Q2 2011 | +0.5% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -3.5% | — | — | |
| Q2 2010 | +2.2% | — | — | |
| Q1 2009 | -10.6% | — | — | |
| Q1 2010 | -2.0% | — | — | |
| Q4 2009 | -7.3% | — | — | |
| Q4 2007 | -7.3% | — | — | |
| Q3 2008 | -10.4% | — | — | |
| Q3 2009 | -10.4% | — | — | |
| Q4 2008 | -3.1% | — | — | |
| Q2 2008 | -3.1% | — | — | |
| Q2 2009 | -3.1% | — | — |
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