Garmin revenue increased from $3.3 billion in 2018 to $3.8 billion in 2019, a 12.2% increase.

Annual Revenue ($)

Garmin revenue was $3.76 b in FY, 2019 which is a 12.2% year over year increase from the previous period.

Quarterly Revenue ($)

FY, 2017FY, 2018FY, 2019
Revenue$3.09 b$3.35 b$3.76 b
Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020
Revenue$710.87 m$894.45 m$810.01 m$766.05 m$954.84 m$934.38 m$856.11 m

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Geographic Segment

Garmin revenue breakdown by business segment: 22.6% from Outdoor, 24.7% from Fitness, 12.1% from Marine, 24.3% from Auto and 16.2% from Aviation

Garmin revenue breakdown by geographic segment: 38.1% from EMEA, 14.1% from APAC and 47.8% from Americas

FY, 2019FY, 2018FY, 2017
Outdoor917.57 m809.88 m698.87 m
Fitness1.05 b858.33 m762.19 m
Marine508.85 m441.56 m374 m
Auto548.10 m634.21 m750.58 m
Aviation735.46 m603.46 m501.36 m
FY, 2019FY, 2018FY, 2017
EMEA1.35 b1.20 b1.18 b
APAC589.20 m545.76 m436.19 m
Americas1.82 b1.60 b1.48 b

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