Garmin (GRMN) Revenue — Quarter Ended Dec 30, 2023
Revenue increased in the reporting quarter compared to both the prior quarter and the same quarter a year earlier. The sequential and year-over-year gains reflect continued growth in the period.
Key takeaway
Quarter ended Dec 30, 2023 · FY2023 Q4
Revenue increased in the reporting quarter compared to both the prior quarter and the same quarter a year earlier. The sequential and year-over-year gains reflect continued growth in the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+16.0%
Change from the immediately preceding quarter.
Year-over-year
+13.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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 |
|---|---|---|
| Apr 1, 2023 | $1.1B | -2.2% |
| Jul 1, 2023 | $1.3B | +6.4% |
| Sep 30, 2023 | $1.3B | +12.0% |
| Dec 30, 2023 | $1.5B | +13.5% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, indicating a positive sequential performance. Compared with the same quarter one year earlier, revenue also showed an increase.
Quarterly comparison
Revenue in this quarter was higher than both the prior quarter and the same quarter one year ago. The sequential change and the year-over-year change were both positive.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.