Garmin (GRMN) Revenue — Quarter Ended Mar 30, 2024
Revenue for the quarter increased compared with the same period last year but declined from the immediately preceding quarter. The sequential decrease follows a period of strong growth.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue for the quarter increased compared with the same period last year but declined from the immediately preceding quarter. The sequential decrease follows a period of strong growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
+20.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 |
|---|---|---|
| Jul 1, 2023 | $1.3B | +6.4% |
| Sep 30, 2023 | $1.3B | +12.0% |
| Dec 30, 2023 | $1.5B | +13.5% |
| Mar 30, 2024 | $1.4B | +20.4% |
Revenue performance
Reported revenue was higher than in the same quarter one year earlier, continuing an upward year-over-year trend.
Quarterly comparison
Revenue decreased from the prior quarter, reversing the previous quarter's gain.
What to watch
Cash provided by operating activities in the reported quarter was higher than in the same quarter of the prior year.