Garmin (GRMN) Revenue — Quarter Ended Jun 29, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects continued upward momentum in the company's top line.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects continued upward momentum in the company's top line.
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
+9.0%
Change from the immediately preceding quarter.
Year-over-year
+14.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 30, 2023 | $1.3B | +12.0% |
| Dec 30, 2023 | $1.5B | +13.5% |
| Mar 30, 2024 | $1.4B | +20.4% |
| Jun 29, 2024 | $1.5B | +14.1% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, extending the positive trend seen in recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, and the sequential increase from the prior quarter also contributed to the overall improvement.
What to watch
Monitor whether the company can sustain this revenue growth trajectory in the coming quarters.