Garmin Ltd.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Company Description
- CEO
- Clifton Albert Pemble
- Full Time Employees
- 23,000
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Address
- MUehlentalstrasse 2 Schaffhausen SH Switzerland 8200
- IPO Date
- Dec 8, 2000
- CIK
- 0001121788
- Website
- garmin.com
- Similar Companies
- Business
- Garmin Ltd. is a multinational technology company specializing in the design, development, manufacture, marketing, and distribution of GPS-enabled navigation, communication, sensor-based, and information products. Its core product portfolio includes automotive, aviation, marine, outdoor, and fitness wearable devices; running and multi-sport watches; handheld and portable GPS devices; integrated flight decks; and high-performance LED lighting systems for marine applications. Garmin's offerings also extend to wireless devices and applications that support precision tracking and sports performance. The company operates globally, serving sectors such as automotive, aviation, marine, outdoor recreation, and fitness markets. Founded in 1989 and headquartered in Olathe, Kansas, Garmin has expanded through strategic acquisitions and product innovations. Notably, in 2024, Garmin acquired Lumishore, a UK-based leader in marine LED lighting systems, which strengthens its marine division with high-performance lighting technology integration. In 2025, Garmin completed the acquisition of MYLAPS, a global market leader in sports timing and performance analysis, enhancing Garmin's connected sports technology ecosystem. The company continues to launch new products regularly, including smartwatches like the Lily 2 Active and advanced fitness and outdoor devices, demonstrating ongoing innovation across segments. Garmin maintains a strong industry presence by leveraging advanced GPS technologies and sensor integration across its diverse product range. The company serves customers worldwide with a comprehensive ecosystem that includes handheld GPS units, mobile apps, connected fitness and outdoor wearables, aviation flight decks, and marine navigation and lighting solutions. With over 100 subsidiaries worldwide, Garmin focuses on continuous product development and strategic growth to sustain market leadership in navigation and wearable technology. The company reported strong financial performance with increased revenues and market expansion, supported by its broad geographic and segment coverage.
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