Garmin (GRMN) has been successful in significant strides while demonstrating its ability to expand its market presence and capitalize on growing demand for its products.In a move to bolster its market reach, Garmin announced the availability of its ECG App in the Australian and European Union (EU) markets. The ECG App is now accessible and compatible with Garmin smartwatches, including Venu 3 Series, fenix 8 Series and more.The ECG app uses sensors on the user’s compatible smartwatch to record their heart r ...

Intuitive marine control panel adds an LED-backlit knob and button activation for more precise control in all sea conditionsOLATHE, Kan., Jan. 16, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the new APK™ 10 Autopilot Keypad designed to give mariners more precise control of their Reactor™ 40 autopilot. The keypad features an LED-encircled rotary knob that allows for specific heading control, along with two autopilot but ...

Core Message - Garmin has launched an ECG App for compatible smartwatches in Australia and the European Union, enabling users to record heart rhythms and detect signs of atrial fibrillation (AFib) [1][2][3] Product Features - The ECG App allows users to record a 30-second ECG and view results immediately on the watch or via the Garmin Connect smartphone app [1] - The app uses sensors on compatible Garmin smartwatches to record electrical signals and analyze them for AFib signs [3] - Users can sync ECG results to Garmin Connect, view historical data, and create reports to share with healthcare providers [3] Regulatory and Availability - The ECG App is classified as a Class IIa medical device under the EU Medical Device Regulation (MDR) (EU) 2017/745 [6] - It is currently available in Australia and the European Union, with plans to expand to other regions pending regulatory approvals [4] - The app is compatible with select Garmin smartwatches, including the Venu 3 Series and fēnix 8 Series [1][6] Company Strategy - Garmin aims to continue expanding its portfolio of products supporting the ECG App and launching it in new regions [4] - The company emphasizes innovation in health and wellness, focusing on developing tools that help users lead healthier lives [5] Product Limitations - The ECG App is intended for adults aged 22 and over and is not a replacement for traditional diagnosis or treatment methods [6] - Users experiencing symptoms of serious cardiovascular conditions are advised to consult a doctor rather than relying solely on the device [6]

Core Viewpoint - Garmin Ltd. is set to hold its fourth quarter 2024 earnings conference call on February 19, 2025, at 10:30 a.m. EDT, which will be accompanied by the earnings release prior to market opening on the same day [1]. Group 1 - The earnings call will be accessible via a live webcast, with an archive available until February 18, 2026 [1]. - Participants in the U.S. and Canada can join the call by phone, with a recommendation to dial in 10 minutes early [2]. - Garmin Ltd. is committed to innovation in technology that enhances performance for athletes and active individuals [2]. Group 2 - Garmin Ltd. is incorporated in Switzerland, with principal subsidiaries located in the United States, Taiwan, and the United Kingdom [2]. - The company emphasizes its dedication to developing products that revolutionize the experience for runners, cyclists, swimmers, and athletes of all levels [2]. - Investor and media contacts are provided for further inquiries [3].

Macroeconomic Challenges - Challenging macroeconomic conditions globally, with enterprises reluctant to commit to multi-year deals due to persistent inflation and unfavorable forex trends [1] - High levels of distributor inventories and steep interest rates further exacerbate the industry's struggles [4] Industry Valuation and Performance - The industry is currently trading at a forward 12-month P/E of 13.11X, compared to the S&P 500's 21.78X and the sector's 26.62X [3] - Over the last five years, the industry has traded as high as 22.49X and as low as 10.92X, with a median of 16.52X [3] - The industry has declined 29% in the past year, underperforming the S&P 500's 23% return and the broader sector's 30.4% appreciation [8] Industry Description and Trends - The industry includes manufacturers of air-conditioning systems, green energy solutions, GPS navigation, home automation, healthcare devices, robotics, and semiconductor applications [5] - Digital transformation and growing demand for silicon are key drivers, with increasing manufacturing costs benefiting equipment suppliers [5] - Solid capital spending, particularly in semiconductor manufacturing capacity expansion, is a long-term catalyst despite near-term macroeconomic challenges [6] - Rising spending on advanced nodes (7 nm, 5 nm, and 3 nm processes) from logic and foundry customers favors industry participants [6] Emerging Markets and Growth Drivers - Strong demand for wearables, AR, and VR-supported display systems in defense, industrial, consumer, and healthcare markets is driving growth [15] - The adoption of AR and VR is increasing due to the growing proliferation of the metaverse [15] Industry Ranking and Earnings Outlook - The industry carries a Zacks Industry Rank 160, placing it in the bottom 36% of over 250 Zacks industries [7] - Earnings estimates for the industry have declined by 11.4% since July 31, 2024, reflecting analyst pessimism about earnings growth potential [16] Key Companies and Performance - Garmin (GRMN) is benefiting from strong momentum in the Fitness and Auto OEM segments, with shares up 68.9% in a year [18][19] - Greenland Technologies (GTEC) is benefiting from the launch of its all-electric vehicle model H65L, despite shares losing 43.7% in a year [11] - Kopin (KOPN) is seeing an expanding order book and new product launches, though shares have fallen 45.6% in a year [13] Future Growth Catalysts - Fab expansion in the United States, South Korea, Taiwan, and China, along with higher spending on memory equipment, is expected to drive growth in 2025 and beyond [4] - Continued investments in data centers, high-performance computing, and 5G end markets are key catalysts for the industry [4]

Garmin (GRMN) , a global leader in wearable technology and GPS navigation, has been on a remarkable run with its share price surging 71.5% over the past year. The stock has outperformed the Electronics - Miscellaneous Products industry’s decline of 28.1% and the Zacks Computer and Technology sector’s growth of 33.5%.Over the same time frame, Garmin also outperformed its industry peers, including Electrovaya (ELVA) , Greenland Technologies (GTEC) and Kopin (KOPN) . In the past year, shares of ELVA, GTEC and ...

Product Features - The new Montana series includes the Montana 710, Montana 710i, and Montana 760i, featuring durable 5-inch color touchscreen displays that are glove-friendly and versatile for various outdoor activities [1] - The devices are compatible with multiple mounting options for use on ATVs, boats, cars, motorcycles, RVs, and other vehicles [1] - Preloaded TopoActive maps provide terrain contours, elevations, coastlines, rivers, landmarks, and more [1] - The Montana 710i and Montana 760i include built-in inReach® technology for satellite communication, enabling two-way text messaging, location tracking, and emergency SOS messaging via the Iridium® satellite network [3] - The series is designed to handle rugged outdoor conditions, tested to U.S. military standards (MIL-STD-810) for thermal, shock, and vibration, and has an IPX7 water resistance rating [7] - The Montana 760i features an 8-megapixel camera that automatically geotags photos with coordinates [8] Mapping and Navigation - Preloaded worldwide TopoActive maps are optimized for outdoor activities, showing terrain contours, summits, coastlines, and more [6] - High-resolution satellite imagery can be downloaded directly to the device over Wi-Fi®, providing photorealistic views of routes and surrounding terrain [6] - Federal Public Land Boundaries can be displayed as an overlay on topographic maps to help users stay on track [6] - City Navigator® mapping is available for turn-by-turn directions on roads, but only in the Montana 710i and 760i models [6][10] - Outdoor Maps+ subscription offers additional premium mapping content, including elevation contours, land boundaries, and wildlife areas [6] - The devices support multi-GNSS, accessing both GPS and Galileo satellite networks for better performance in challenging environments [6] Battery and Connectivity - The Montana series is powered by a rechargeable lithium-ion battery pack, providing up to 24 hours of battery life in GPS mode and up to 440 hours in expedition mode [7] - Recharging is done via a standard USB-C® cable [7] - Built-in sensors include an altimeter, barometer, and three-axis electronic compass for enhanced navigation [6] Pricing and Availability - The Montana 710, 710i, and 760i are available now with suggested retail prices ranging from $649.99 to $899.99 [8] Company Overview - Garmin Ltd is incorporated in Switzerland, with principal subsidiaries in the United States, Taiwan, and the United Kingdom [11] - The company is known for developing products that enhance outdoor experiences and provide peace of mind for adventurers, athletes, and outdoor enthusiasts [9]

Garmin (GRMN) has been on a remarkable trajectory, with its stock rallying 68.9% over the past year. This stock has significantly outperformed the Electronics - Miscellaneous Products industry’s decline of 28.3% and the Zacks Computer and Technology sector’s growth of 38.1%.Over the same time frame, Garmin also outperformed its industry peers, including Electrovaya (ELVA) , Greenland Technologies (GTEC) and Kopin (KOPN) . In the past year, shares of ELVA, GTEC and KOPN have plunged 39%, 28.7% and 28.3%, res ...

Boldly designed for an active lifestyle, the newest smartwatches offer bright AMOLED or solar-charged displays, a metal-reinforced bezel and built-in LED flashlights on all modelsOLATHE, Kan., Jan. 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Instinct® 3 Series, its newest lineup of rugged smartwatches, now offered with a brilliant AMOLED or solar-powered display for maximum battery life. Designed with adventurers in mind, Instinct 3 Series adds a metal-reinforced bezel for extreme durabi ...

Innovative motorcycle radar system heightens situational awareness with external lights to help foster a safer riding environmentOLATHE, Kan., Jan. 6, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the trailblazing zūmo™ R1 Radar, its first purpose-built radar system for motorcycles. Sleek and discreet, the robust system provides riders with high-performance rearview and blind spot monitoring. The device features two side-facing amber lights and an optional rear-facing red light that can help maxi ...