Garmin (GRMN) Revenue — Quarter Ended Dec 28, 2024
Revenue for the reported quarter increased compared to both the prior quarter and the same quarter one year earlier. The growth continued the upward trend seen throughout the fiscal year.
Key takeaway
Quarter ended Dec 28, 2024 · FY2024 Q4
Revenue for the reported quarter increased compared to both the prior quarter and the same quarter one year earlier. The growth continued the upward trend seen throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+14.9%
Change from the immediately preceding quarter.
Year-over-year
+22.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
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 |
|---|---|---|
| Mar 30, 2024 | $1.4B | +20.4% |
| Jun 29, 2024 | $1.5B | +14.1% |
| Sep 28, 2024 | $1.6B | +24.1% |
| Dec 28, 2024 | $1.8B | +22.9% |
Revenue performance
The reported quarter's revenue was higher than the immediately preceding quarter, with a sequential increase. It also exceeded the revenue from the same quarter one year ago, showing a year-over-year gain.
Quarterly comparison
Compared to the prior quarter, revenue rose, and it was also above the level achieved in the same quarter a year earlier. The sequential growth rate was lower than the year-over-year rate.
What to watch
The consistent sequential revenue growth across the fiscal year may warrant monitoring for sustainability.