{ "schemaVersion": 1, "organisationId": "O-eadfd4fc9ce54b089b3118ac00c5ef92", "slug": "garmin", "name": "GARMIN LTD", "updatedAt": "2026-09-28T12:00:06.048477Z", "sections": [ { "type": "OVERVIEW", "text": "Garmin Ltd. designs and sells GPS-enabled and other technology products for fitness, outdoor recreation, aviation, marine and automotive markets. Its products include smartwatches and cycling devices, outdoor navigation and satellite-communication devices, aircraft avionics, marine electronics and systems supplied to automakers. Founded in 1989, the company states that its mission is to be an enduring company by creating products that are an essential part of customers’ lives. [P119484748][P48322288][https://www8.garmin.com/sustainability/reports-policies/policies-statements/SASB_2025.pdf]\n\nGarmin has principal executive offices in Schaffhausen, Switzerland, and serves customers across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. It generated approximately $7.25 billion in revenue in fiscal 2025 and employed approximately 23,000 full- and part-time people worldwide at year-end. [https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf][P562305]\n[P119484748][P48322288][T10749264][T12031262][P562305][P120107605][https://www8.garmin.com/sustainability/reports-policies/policies-statements/SASB_2025.pdf][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]", "updatedAt": "2026-09-28T12:00:06.048477Z" }, { "type": "PRODUCTS", "text": "Garmin’s fitness products include Forerunner GPS running watches, Edge cycling computers, cycling sensors and Tacx indoor trainers. Depending on the model, its watches offer heart-rate and other health monitoring, multisport tracking, maps, music and contactless payments. Garmin Connect lets users review activity and wellness data, while the Connect+ subscription adds insights and performance dashboards. Fitness accounted for approximately 33% of 2025 net sales. [P65002212][P60853221][P50264292][P68395904][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf] Outdoor products include fēnix adventure watches, GPS handhelds, Approach golf watches and rangefinders, and inReach satellite communicators. With an active service plan, inReach supports two-way messaging, weather information and SOS requests coordinated through Garmin Response. Outdoor accounted for approximately 28% of 2025 net sales. [P113224313][P28876089][P19011844][P87195131][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]\n\nMarine products include GPSMAP and ECHOMAP chartplotters, LiveScope real-time sonar, autopilots and Force trolling motors. Chartplotters range from portable units to integrated helm displays; compatible systems combine navigation and sonar, while Force motors offer features such as chartplotter-controlled navigation and anchor lock. Marine accounted for approximately 16% of 2025 net sales. [P97747789][P68758114][P69427698][P107025777][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf] Aviation products include integrated flight decks that combine navigation, communications, flight controls and safety functions. Garmin also offers Garmin Pilot flight-planning software, charts and databases, and PlaneSync connected-aircraft services. Aviation accounted for approximately 14% of 2025 net sales. [P62724780][P27817597][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]\n\nFor automakers, Garmin supplies domain controllers and infotainment systems that can integrate vehicle displays, navigation, cameras, smartphone connections and rear-seat entertainment. Auto OEM accounted for approximately 9% of 2025 net sales. [P102672874][P34597054][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]\n[P65002212][P60853221][P50264292][P68395904][P113224313][P28876089][P19011844][P87195131][P97747789][P68758114][P69427698][P107025777][P62724780][P27817597][P102672874][P34597054][T12031262][T12031262][T12031262][T12031262][T12031262][T12031262][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]", "updatedAt": "2026-09-28T12:00:06.048477Z" }, { "type": "GEOGRAPHY", "text": "Garmin Ltd. is incorporated in Switzerland and has its principal executive offices in Schaffhausen. Its operations span the Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific and Australia (APAC). Manufacturing facilities are located in Taiwan, the United States, the Netherlands, the United Kingdom, Poland and China; its principal consumer-product manufacturing facilities are in Taiwan. [P25610625][P562305][P105845200][P86271737]\n\nIn 2025, net sales to external customers were $3.45 billion in the Americas (about 48% of total sales), $2.74 billion in EMEA (38%) and $1.05 billion in APAC (14%). The United States was the only individual country accounting for more than 10% of net sales. [P94886986][P66195154] At year-end 2025, Garmin had approximately 23,000 employees: 8,100 in the Americas, 3,500 in EMEA and 11,400 in APAC. Its listed principal properties include facilities in Olathe, Kansas; the United Kingdom; Wroclaw, Poland; and Taiwan. [P562305][P65348456]\n[P25610625][P562305][P105845200][P86271737][P94886986][T12520295][T12520295][T12520295][T12520295][P66195154][P65348456]", "updatedAt": "2026-09-28T12:00:06.048477Z" }, { "type": "SEGMENTS", "text": "Garmin reports five operating and reportable segments, organized around its principal product markets. In fiscal 2025, Fitness accounted for approximately 33% of net sales, Outdoor 28%, Marine 16%, Aviation 14%, and Auto OEM 9%. [https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]\n\nFitness includes running watches, smartwatches and cycling products. [P48322288][P65002212][P60853221] Outdoor includes adventure watches, satellite communicators, handheld devices, and golf and dive products. [P29380614][P113224313][P87195131] Marine supplies recreational-boating electronics such as chartplotters, fishfinders and sonar, while Aviation supplies aircraft avionics and related products. [P108471724][P97747789][P11946449][P112541038] Auto OEM supplies automakers with hardware and software, including domain controllers and infotainment systems. [P8159900][P102672874][P34597054]\n[P1477323][T8564405][T8564405][T8564405][T8564405][T8564405][P48322288][P65002212][P60853221][P29380614][P113224313][P87195131][P108471724][P97747789][P11946449][P112541038][P8159900][P102672874][P34597054][https://www8.garmin.com/aboutGarmin/invRelations/reports/2025_Form_10-K.pdf]", "updatedAt": "2026-09-28T12:00:06.048477Z" }, { "type": "HISTORY", "text": "Garmin was founded in 1989 by Gary Burrell and Min Kao to develop GPS navigation products. It initially focused on aviation before expanding into other markets, and completed its initial public offering in December 2000. [https://www.garmin.com/en-GB/blog/garmin-celebrates-25th-anniversary/][https://www.garmin.com/en-US/newsroom/press-release/corporate/2019-garmin-announces-passing-of-co-founder-and-chairman-emeritus-gary-burrell/][https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/grmn-20241228.htm]\n\nGarmin broadened its product range in the 2000s. It introduced a Forerunner GPS running watch and acquired UPS Aviation Technologies in 2003, began deliveries of its G1000 integrated flight deck in 2004, and introduced the nüvi portable automotive-navigation line in 2005. [https://www.garmin.com/en-GB/blog/twenty-years-of-running-with-garmin/][https://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2003.pdf][https://www.garmin.com/en-US/newsroom/press-release/aviation/2014-garmin-celebrates-the-tenth-anniversary-of-g1000/][https://www.engadget.com/2005-09-13-garmins-nuvi-970-hand-held-multi-function-gps.html] Later acquisitions included fitness-technology company Dynastream Innovations in 2006, navigation provider Navigon in 2011 and DeLorme, whose inReach products added two-way satellite messaging, in 2016. Cliff Pemble succeeded Kao as president and CEO in 2013, while Kao became executive chairman. [https://www.sec.gov/Archives/edgar/data/1121788/000114420406050924/v059376_ex99-1.htm][https://www.garmin.com/en-US/newsroom/press-release/corporate/2011-garmin-completes-acquisition-of-navigon/][https://www.garmin.com/en-US/newsroom/press-release/corporate/2016-garmin-completes-acquisition-of-delorme/][https://www.garmin.com/en-US/newsroom/press-release/corporate/2012-garmin-announces-executive-transition-plan/]\n[https://www.garmin.com/en-GB/blog/garmin-celebrates-25th-anniversary/][https://www.garmin.com/en-US/newsroom/press-release/corporate/2019-garmin-announces-passing-of-co-founder-and-chairman-emeritus-gary-burrell/][https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/grmn-20241228.htm][https://www.garmin.com/en-GB/blog/twenty-years-of-running-with-garmin/][https://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2003.pdf][https://www.garmin.com/en-US/newsroom/press-release/aviation/2014-garmin-celebrates-the-tenth-anniversary-of-g1000/][https://www.engadget.com/2005-09-13-garmins-nuvi-970-hand-held-multi-function-gps.html][https://www.sec.gov/Archives/edgar/data/1121788/000114420406050924/v059376_ex99-1.htm][https://www.garmin.com/en-US/newsroom/press-release/corporate/2011-garmin-completes-acquisition-of-navigon/][https://www.garmin.com/en-US/newsroom/press-release/corporate/2016-garmin-completes-acquisition-of-delorme/][https://www.garmin.com/en-US/newsroom/press-release/corporate/2012-garmin-announces-executive-transition-plan/]", 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"https://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2003.pdf", "href": "https://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2003.pdf", "label": "www8.garmin.com" }, { "id": "https://www.garmin.com/en-US/newsroom/press-release/aviation/2014-garmin-celebrates-the-tenth-anniversary-of-g1000/", "href": "https://www.garmin.com/en-US/newsroom/press-release/aviation/2014-garmin-celebrates-the-tenth-anniversary-of-g1000/", "label": "www.garmin.com" }, { "id": "https://www.engadget.com/2005-09-13-garmins-nuvi-970-hand-held-multi-function-gps.html", "href": "https://www.engadget.com/2005-09-13-garmins-nuvi-970-hand-held-multi-function-gps.html", "label": "www.engadget.com" }, { "id": "https://www.sec.gov/Archives/edgar/data/1121788/000114420406050924/v059376_ex99-1.htm", "href": "https://www.sec.gov/Archives/edgar/data/1121788/000114420406050924/v059376_ex99-1.htm", "label": "www.sec.gov" }, { "id": "https://www.garmin.com/en-US/newsroom/press-release/corporate/2011-garmin-completes-acquisition-of-navigon/", "href": "https://www.garmin.com/en-US/newsroom/press-release/corporate/2011-garmin-completes-acquisition-of-navigon/", "label": "www.garmin.com" }, { "id": "https://www.garmin.com/en-US/newsroom/press-release/corporate/2016-garmin-completes-acquisition-of-delorme/", "href": "https://www.garmin.com/en-US/newsroom/press-release/corporate/2016-garmin-completes-acquisition-of-delorme/", "label": "www.garmin.com" }, { "id": "https://www.garmin.com/en-US/newsroom/press-release/corporate/2012-garmin-announces-executive-transition-plan/", "href": "https://www.garmin.com/en-US/newsroom/press-release/corporate/2012-garmin-announces-executive-transition-plan/", "label": "www.garmin.com" } ] }