Garmin Ltd Q3 FY2023 Earnings Call

Garmin Ltd (GRMN)

Earnings Call FY2023 Q3 Call date: 2023-11-01 Concluded

Quarter scorecard

Revenue

$1.28B

+12% YoY

Diluted EPS

$1.34

+22.9% YoY

Gross margin

57.0%

-1.8 pp YoY

Net income

$257.24M

+22% YoY

Outdoor Segment $434.00M

+6.7%

Fitness Segment $352.98M

+26.1%

Aviation Segment $198.16M

+5.4%

Marine Segment $182.25M

-7.3%

Auto OEM Segment $110.15M

+59.2%