Operating Income Summary of Garmin Ltd.

Garmin Ltd.'s latest annual operating income in 2023 was 1.09 Billion USD , up 6.26% from previous year.
Garmin Ltd.'s latest quarterly operating income in 2024 Q2 was 342.02 Million USD , up 14.62% from previous quarter.
Garmin Ltd. reported an annual operating income of 1.02 Billion USD in 2022, down -15.66% from previous year.
Garmin Ltd. reported an annual operating income of 1.21 Billion USD in 2021, up 15.59% from previous year.
Garmin Ltd. reported a quarterly operating income of 437.47 Million USD for 2024 Q3, up 27.91% from previous quarter.
Garmin Ltd. reported a quarterly operating income of 342.02 Million USD for 2024 Q2, up 14.62% from previous quarter.

Annual Operating Income Chart of Garmin Ltd. (2023 - 1999)

Historical Annual Operating Income of Garmin Ltd. (2023 - 1999)

Year	Operating Income	Operating Income Growth
2023	1.09 Billion USD	6.26%
2022	1.02 Billion USD	-15.66%
2021	1.21 Billion USD	15.59%
2020	1.05 Billion USD	11.49%
2019	945.58 Million USD	21.49%
2018	778.34 Million USD	16.37%
2017	668.86 Million USD	7.2%
2016	623.9 Million USD	13.52%
2015	549.58 Million USD	-20.42%
2014	690.62 Million USD	20.31%
2013	574.03 Million USD	-4.99%
2012	604.16 Million USD	9.1%
2011	553.76 Million USD	-13.02%
2010	636.67 Million USD	-19.0%
2009	786.01 Million USD	-8.82%
2008	862.01 Million USD	-5.0%
2007	907.35 Million USD	63.62%
2006	554.55 Million USD	63.99%
2005	338.17 Million USD	24.94%
2004	270.66 Million USD	19.24%
2003	227 Million USD	27.93%
2002	177.44 Million USD	35.16%
2001	131.28 Million USD	1.54%
2000	129.29 Million USD	56.66%
1999	82.53 Million USD	0.0%

Year	Operating Income	Operating Income Growth
2024 Q1	298.41 Million USD	-12.35%
2024 Q3	437.47 Million USD	27.91%
2024 Q2	342.02 Million USD	14.62%
2023 Q1	196.98 Million USD	8.75%
2023 Q2	284.35 Million USD	44.36%
2023 Q3	270.36 Million USD	-4.92%
2023 Q4	340.45 Million USD	25.92%
2023 FY	1.09 Billion USD	6.26%
2022 Q1	228.55 Million USD	-27.47%
2022 Q2	292.74 Million USD	28.08%
2022 Q3	239.37 Million USD	-18.23%
2022 Q4	181.14 Million USD	-24.33%
2022 FY	1.02 Billion USD	-15.66%
2021 Q4	315.11 Million USD	11.48%
2021 FY	1.21 Billion USD	15.59%
2021 Q3	282.67 Million USD	-23.84%
2021 Q2	371.17 Million USD	48.67%
2021 Q1	249.65 Million USD	-32.75%
2020 Q2	188.38 Million USD	6.15%
2020 Q3	317.1 Million USD	68.32%
2020 Q1	177.48 Million USD	-35.82%
2020 FY	1.05 Billion USD	11.49%
2020 Q4	371.26 Million USD	17.08%
2019 Q2	256.22 Million USD	69.25%
2019 Q4	276.52 Million USD	5.76%
2019 FY	945.58 Million USD	21.49%
2019 Q1	151.38 Million USD	-32.02%
2019 Q3	261.46 Million USD	2.04%
2018 Q2	217.5 Million USD	52.96%
2018 Q1	142.2 Million USD	-20.72%
2018 FY	778.34 Million USD	16.37%
2018 Q3	195.95 Million USD	-9.91%
2018 Q4	222.67 Million USD	13.63%
2017 Q1	116.34 Million USD	-27.2%
2017 Q2	203.35 Million USD	74.78%
2017 Q3	169.79 Million USD	-16.5%
2017 Q4	179.37 Million USD	5.65%
2017 FY	668.86 Million USD	7.2%
2016 Q3	159.61 Million USD	-20.46%
2016 Q2	200.67 Million USD	93.32%
2016 Q4	159.81 Million USD	0.13%
2016 Q1	103.8 Million USD	-28.79%
2016 FY	623.9 Million USD	13.52%
2015 Q4	145.76 Million USD	16.18%
2015 Q3	125.45 Million USD	-24.72%
2015 Q2	166.66 Million USD	49.21%
2015 FY	549.58 Million USD	-20.42%
2015 Q1	111.69 Million USD	-36.54%
2014 Q4	176 Million USD	0.28%
2014 Q2	218.75 Million USD	81.74%
2014 Q1	120.36 Million USD	-30.21%
2014 Q3	175.5 Million USD	-19.77%
2014 FY	690.62 Million USD	20.31%
2013 Q2	169.88 Million USD	112.55%
2013 FY	574.03 Million USD	-4.99%
2013 Q4	172.47 Million USD	13.66%
2013 Q3	151.74 Million USD	-10.68%
2013 Q1	79.92 Million USD	-46.63%
2012 Q3	160.06 Million USD	-21.54%
2012 Q1	90.33 Million USD	-54.85%
2012 FY	604.16 Million USD	9.1%
2012 Q4	149.75 Million USD	-6.44%
2012 Q2	204 Million USD	125.84%
2011 Q4	200.08 Million USD	35.81%
2011 Q1	74.75 Million USD	-59.52%
2011 Q3	147.33 Million USD	11.96%
2011 Q2	131.59 Million USD	76.03%
2011 FY	553.76 Million USD	-13.02%
2010 FY	636.67 Million USD	-19.0%
2010 Q1	83.34 Million USD	-71.46%
2010 Q3	166.63 Million USD	-17.52%
2010 Q4	184.64 Million USD	10.81%
2010 Q2	202.04 Million USD	142.41%
2009 FY	786.01 Million USD	-8.82%
2009 Q1	57.95 Million USD	-75.48%
2009 Q2	199.15 Million USD	243.61%
2009 Q3	236.88 Million USD	18.95%
2009 Q4	292.01 Million USD	23.27%
2008 Q3	214.36 Million USD	-10.12%
2008 Q4	236.41 Million USD	10.29%
2008 Q2	238.5 Million USD	38.08%
2008 Q1	172.73 Million USD	-44.87%
2008 FY	862.01 Million USD	-5.0%
2007 Q3	214.15 Million USD	-11.35%
2007 Q4	313.3 Million USD	46.3%
2007 FY	907.35 Million USD	63.62%
2007 Q2	241.56 Million USD	74.64%
2007 Q1	138.32 Million USD	-30.45%
2006 Q3	120.97 Million USD	-10.11%
2006 Q4	198.89 Million USD	64.42%
2006 FY	554.55 Million USD	63.99%
2006 Q2	134.57 Million USD	34.42%
2006 Q1	100.11 Million USD	1.96%
2005 Q1	65.75 Million USD	-17.56%
2005 Q4	98.19 Million USD	15.31%
2005 Q3	85.15 Million USD	-4.39%
2005 FY	338.17 Million USD	24.94%
2005 Q2	89.07 Million USD	35.46%
2004 Q4	79.75 Million USD	3.42%
2004 Q3	77.11 Million USD	20.1%
2004 Q2	64.2 Million USD	29.48%
2004 Q1	49.58 Million USD	-20.87%
2004 FY	270.66 Million USD	19.24%
2003 Q4	62.66 Million USD	20.62%
2003 Q2	60.11 Million USD	15.02%
2003 Q3	51.95 Million USD	-13.58%
2003 FY	227 Million USD	27.93%
2003 Q1	52.26 Million USD	-1.44%
2002 Q1	35.28 Million USD	11.37%
2002 Q4	53.03 Million USD	32.44%
2002 FY	177.44 Million USD	35.16%
2002 Q3	40.04 Million USD	-18.43%
2002 Q2	49.08 Million USD	39.14%
2001 Q3	30.76 Million USD	-20.07%
2001 Q1	30.36 Million USD	123.22%
2001 FY	131.28 Million USD	1.54%
2001 Q4	31.67 Million USD	2.99%
2001 Q2	38.48 Million USD	26.75%
2000 Q3	86.69 Million USD	0.0%
2000 Q1	86.69 Million USD	0.0%
2000 Q4	-130.78 Million USD	-250.86%
2000 FY	129.29 Million USD	56.66%
2000 Q2	86.69 Million USD	0.0%
1999 FY	82.53 Million USD	0.0%

Peer Operating Income Comparison of Garmin Ltd.

Name	Operating Income	Operating Income Difference
Amphenol Corporation	2.55 Billion USD	57.331%
Benchmark Electronics, Inc.	109.66 Million USD	-895.915%
BlackSky Technology Inc.	-55.98 Million USD	2050.982%
Badger Meter, Inc.	118.04 Million USD	-825.175%
Celestica Inc.	383.2 Million USD	-185.01%
CTS Corporation	75.05 Million USD	-1355.224%
ESCO Technologies Inc.	802.74 Million USD	-36.053%
Fabrinet	277.6 Million USD	-293.422%
Fortive Corporation	1.13 Billion USD	3.664%
Corning Incorporated	890 Million USD	-22.715%
Jabil Inc.	2.01 Billion USD	45.745%
Keysight Technologies, Inc.	1.35 Billion USD	19.576%
Methode Electronics, Inc.	-112 Million USD	1075.143%
Ouster, Inc.	-373.19 Million USD	392.654%
Ouster, Inc.	-373.19 Million USD	392.654%
Ouster, Inc.	-373.19 Million USD	392.654%
Rogers Corporation	85.3 Million USD	-1180.375%
Sensata Technologies Holding plc	553.51 Million USD	-97.314%
Teledyne Technologies Incorporated	1.04 Billion USD	-4.333%
TE Connectivity Ltd.	2.98 Billion USD	63.387%
Vontier Corporation	543.4 Million USD	-100.986%
Vishay Precision Group, Inc.	41.95 Million USD	-2503.232%
Wallbox N.V.	-118.06 Million USD	1025.069%

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Garmin Ltd. (GRMN)

Operating Income Summary of Garmin Ltd.

Annual Operating Income Chart of Garmin Ltd. (2023 - 1999)

Historical Annual Operating Income of Garmin Ltd. (2023 - 1999)

Peer Operating Income Comparison of Garmin Ltd.