Garmin (GRMN) Revenue — Quarter Ended Sep 30, 2023
Revenue improved compared to the same quarter one year earlier. However, it declined from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue improved compared to the same quarter one year earlier. However, it declined from the immediately preceding quarter.
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
-3.3%
Change from the immediately preceding quarter.
Year-over-year
+12.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.1B
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 |
|---|---|---|
| Dec 31, 2022 | $1.3B | -6.1% |
| Apr 1, 2023 | $1.1B | -2.2% |
| Jul 1, 2023 | $1.3B | +6.4% |
| Sep 30, 2023 | $1.3B | +12.0% |
Revenue performance
The reported revenue was higher year over year, reflecting continued growth from the prior year period.
Quarterly comparison
Sequentially, revenue decreased from the previous quarter. On a year-over-year basis, revenue was higher than the same quarter last year.
What to watch
Monitor whether the sequential decline is a seasonal pattern or the start of a sustained trend.