Garmin (GRMN) Revenue — Quarter Ended Jul 1, 2023
The company reported higher revenue for the quarter. The increase was observed both sequentially and compared to the same period last year.
Key takeaway
Quarter ended Jul 1, 2023 · FY2023 Q2
The company reported higher revenue for the quarter. The increase was observed both sequentially and compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+15.1%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 24, 2022 | $1.1B | -4.3% |
| Dec 31, 2022 | $1.3B | -6.1% |
| Apr 1, 2023 | $1.1B | -2.2% |
| Jul 1, 2023 | $1.3B | +6.4% |
Revenue performance
Revenue rose versus the immediately preceding quarter, and also exceeded the figure from the same quarter one year earlier.
Quarterly comparison
The sequential growth was stronger than the year-over-year gain, indicating an acceleration in the quarter.
What to watch
The filing context does not detail the specific drivers of the revenue change, so future filings may provide more insight.