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Garmin Ltd.
Company type
Public
Traded as
NYSE: GRMN
S&P 500 component
ISIN
CH0114405324
Industry
Technology
Founded
October 1989; 34 years ago (1989-10) (as ProNav) in Lenexa, Kansas, U.S.
Founders
Gary Burrell
Min Kao
Headquarters
Olathe, Kansas, U.S (operations)
Schaffhausen, Switzerland (legal domicile)
Key people
Cliff Pemble (President & CEO) Min Kao (Chairman) Doug Boessen (CFO)
Products
GPS receivers, avionics, wearable technology
Revenue
US$5.23 billion (2023)
Operating income
US$1.09 billion (2023)
Net income
US$1.29 billion (2023)
Total assets
US$8.60 billion (2023)
Total equity
US$7.01 billion (2023)
Number of employees
19,900 (2023)
Subsidiaries
Garmin International Inc.
Garmin (Asia) Corporation
Navigon
DeLorme
Navionics
FUSION Entertainment
Dynastream Innovations
Tacx
Website
garmin.com
Footnotes / references [1]
Garmin Ltd. (shortened to Garmin, stylized as GARMIN, and formerly known as ProNav) is an American, Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas.[2][3] Since 2010, the company is legally incorporated in Schaffhausen, Switzerland.[4]
The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sport activities.[5] Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.[6]
^"Garmin Ltd. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 21, 2024.
^Cite error: The named reference :0 was invoked but never defined (see the help page).
^"How high can Garmin Ltd. (GRMN) stock go? Analysts hold $40.11 price target". CWRUOBSERVER. Retrieved April 29, 2016.
^"Garmin Ltd. company profile".
^"About Us | Garmin | United States". www.garmin.com. Retrieved April 29, 2016.
^Tenebruso, Joe (April 29, 2016). "Garmin Ltd. Returns to Growth". The Motley Fool. Retrieved April 29, 2016.
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Global Information
US$5.23 billion (2023)