Garmin Ltd.

Overview

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• TickerGRMN on NYSE¹
• IndustrySearch, Detection, Navigation, Guidance, Aeronautical Sys¹
• HeadquartersSchaffhausen¹
• Websitewww.garmin.com/de-CH
• Legal formAktiengesellschaft¹
• Incorporated inSwitzerland⁴
• Business addressMuhlentalstrasse 36/38, Schaffhausen, 8200⁴
• Filer categoryLarge accelerated filer⁴
• LEI2549001E0HIPIJQ0W046³
• StatusActive³
• LEI statusIssued and current³
• Registered addressMuhlentalstrasse 36/38, 8200 Schaffhausen, Switzerland³
• Registered withMinistry of Justice, CHE-115.417.272³

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For more than 35 years, Garmin Ltd. and its subsidiaries (collectively, we, our, us, the Company or Garmin) have pioneered new products, many of which feature location technology such as Global Positioning System (GPS), services and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets: fitness, outdoor, aviation, marine, and auto OEM. Garmin designs, develops, manufactures, markets, and distributes a diverse family of GPS-enabled products and other navigation, communications, sensor-based and information products and services for these markets, as well as products installed by original equipment manufacturers (OEMs) and for aftermarket applications. Since the inception of its business, Garmin has delivered over 300 million products, which included more than 20 million products delivered during fiscal 2025.⁶ From its latest annual report

Corporate structure

Garmin Ltd. sits at the top of its group. 94 entities, 39 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Garmin Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Garmin and its subsidiaries own and lease physical properties around the world. Depending on location, the properties could be used for manufacturing, warehousing and distribution, research and development, office space, retail, service or a combination of activities. Due to the nature of the activities conducted at the Company’s properties and its vertically integrated operations, properties typically serve multiple segments and are not allocated to any one segment.

Principal properties of Garmin include approximately 2,244,000 square feet of owned facilities located in Olathe, Kansas (U.S.), approximately 255,000 square feet of owned and leased facilities located across various locations in the United Kingdom, approximately 319,000 square feet of leased facilities located in Wroclaw, Poland, and approximately 1,847,000 square feet of owned facilities located across various locations in Taiwan. These properties are considered principal properties due to the nature of the business activities carried out at each location. Garmin also owns and leases additional properties for office space, manufacturing, warehousing and distribution, research and development, retail, service, and other purposes throughout the U.S. and in various places outside the U.S. The Company believes its existing facilities and properties are in good operating condition and are suitable for the conduct of its business.

Item 2 of the 10-K filed Feb 18, 2026.⁶

Stakes and holdings (Wikidata)

• TrainingPeaks, LLC

Things Wikidata records the company as owning, with the share when stated.¹

Leadership

Who has led Garmin Ltd., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerClifton A. Pemble Aug 1, 2013 to now¹⁶
• PresidentClifton A. Pemble Dec 5, 2007 to now¹⁷
• Chief financial officerDouglas G. Boessen Jul 31, 2014 to now¹⁸
• Chief financial officerKevin Rauckman Jun 12, 2006 to Mar 3, 2014¹⁹
• Chief operating officerBradley C. Trenkle Jul 2, 2024 to Dec 17, 2024²⁰
• Chief operating officerPatrick Desbois Dec 17, 2024 to now²¹
• Chief operating officerClifton A. Pemble Dec 5, 2007 to Dec 26, 2012¹⁷

Subsidiaries and ownership

Subsidiaries

• AeroData
• Garmin Czech
• Garmin France
• Garmin Germany
• Garmin Group
• Garmin International, Inc.
• Garmin UK
• Garmin Würzburg GmbH
• Garmin Canada Inc. since Dec 2006
• Garmin Cayman since Jun 2010
• Tacx since Apr 2, 2019
• Firstbeat Analytics Oy since 2020

Also owns

• TrainingPeaks, LLC

Subsidiaries (Exhibit 21)

• 2D Debus & Diebold Messsysteme GmbH Germany⁵
• AeroData, Inc. Arizona⁵
• Garmin (Europe) Limited England⁵
• Garmin (Thailand) Ltd. Thailand⁵
• Garmin AT, Inc. Oregon⁵
• Garmin Africa Holdings (Pty) Limited South Africa⁵
• Garmin Australasia New Zealand Branch New Zealand⁵
• Garmin Australasia Pty Ltd Australia⁵
• Garmin Austria GmbH Austria⁵
• Garmin Austria Holding GmbH Austria⁵
• Garmin Belux NV/SA Belgium⁵
• Garmin Brasil Tecnologias Para Aviação Ltda. Brazil⁵
• Garmin Chile Limitada Chile⁵
• Garmin China ChengDu Co., Ltd. China⁵
• Garmin China Co., Ltd. China⁵
• Garmin China Shanghai Co., Ltd. China⁵
• Garmin China Shanghai RHQ Co., Ltd. China⁵
• Garmin China Yangzhou Co., Ltd. China⁵
• Garmin Chonburi (Thailand) Ltd. Thailand⁵
• Garmin Cluj SRL Romania⁵
• Garmin Comercializadora S. de R.L. de C.V. Mexico⁵
• Garmin Corporation Taiwan⁵
• Garmin Czech s.r.o. Czech Republic⁵
• Garmin Danmark Ejendomme ApS Denmark⁵

From Wikidata.¹ The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

1. 2020Firstbeat Analytics Oy became a subsidiary¹
2. Apr 2, 2019Tacx became a subsidiary¹
3. Jun 2010Acquired Garmin Cayman¹
4. Dec 2006Garmin Canada Inc. became a subsidiary¹
5. Succeeded Garmin Cayman¹

Timeline

1. Jul 29, 20268-K Results of operations⁴⁷
2. Jun 8, 20268-K Shareholder vote; Other events⁴⁸
3. Apr 29, 20268-K Results of operations⁴⁹
4. Feb 18, 20268-K Results of operations⁵⁰
5. Oct 29, 20258-K Results of operations⁵¹
6. Jul 30, 20258-K Results of operations⁵²
7. Jun 12, 20258-K Shareholder vote; Other events⁵³
8. Apr 30, 20258-K Completed an acquisition or sale⁵⁴
9. Apr 30, 20258-K Results of operations⁵⁵
10. Feb 19, 20258-K Results of operations⁵⁶
11. Oct 30, 20248-K Results of operations⁵⁷
12. Jul 31, 20248-K Results of operations⁵⁸
13. Dec 7, 2021Went public Listed on NYSE¹
14. Aug 1, 2013New chief executive Clifton A. Pemble becomes CEO¹⁶
15. Jun 2010Went public Listed on NASDAQ¹
16. Feb 9, 2010Founded Founded¹

Calendar

Coming up

1. Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.99 a share, on Oct 29, 2025.⁵⁹

When it reported results

1. Jul 29, 2026Reported quarterly or annual results⁴⁷
2. Apr 29, 2026Reported quarterly or annual results⁴⁹
3. Feb 18, 2026Reported quarterly or annual results⁵⁰
4. Oct 29, 2025Reported quarterly or annual results⁵¹
5. Jul 30, 2025Reported quarterly or annual results⁵²
6. Apr 30, 2025Reported quarterly or annual results⁵⁵
7. Feb 19, 2025Reported quarterly or annual results⁵⁶
8. Oct 30, 2024Reported quarterly or annual results⁵⁷

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

512 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 30 major events, 326 insider forms, 37 large holders, 98 other. The latest 20:

1. Oct 13, 2026SCHEDULE 13G/A EDGAR
2. Aug 20, 20264 EDGAR
3. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
4. Aug 18, 2026144 EDGAR
5. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
6. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
7. Aug 4, 20264 EDGAR
8. Aug 4, 20264 EDGAR
9. Jul 31, 2026144 EDGAR
10. Jul 31, 2026144 EDGAR
11. Jul 31, 20264 EDGAR
12. Jul 31, 20264 EDGAR
13. Jul 31, 20264 EDGAR
14. Jul 29, 2026144 EDGAR
15. Jul 29, 202610-Q EDGAR
16. Jul 29, 20268-K EDGAR
17. Jul 10, 2026SCHEDULE 13G/A EDGAR
18. Jul 9, 2026SCHEDULE 13G/A EDGAR
19. Jun 25, 202611-K EDGAR
20. Jun 12, 20264 EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

75 open-market trades by officers, directors and large owners since October 2021: 0 buys and 75 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Min H. KaoSCHEDULE 13G/A, 9 filings Jan 28, 2022 to Oct 13, 2026⁶⁰
• Jonathan BurrellSCHEDULE 13G/A, 19 filings Nov 3, 2021 to Jul 9, 2026⁶¹
• VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 2026⁶²
• VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 26, 2026⁶³
• BlackRockSC 13G/A, 3 filings Feb 3, 2022 to Feb 6, 2024⁶⁴

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Garmin Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARGARMIN LTD²
• CIK0001121788
• Employer ID (EIN)98-0229227⁶
• Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁶
• Incorporated inSwitzerland⁶
• Fiscal year endsDecember 26²
• Industry code (SIC)3812 Search, Detection, Navigation, Guidance, Aeronautical Sys²
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance²
• Business addressMuhlentalstrasse 36/38, Schaffhausen, 8200, Switzerland²
• Phone41 52 630 1600²
• Shares outstanding192,856,206 as of Apr 24, 2026¹⁴
• Public float$34.2B as of Jun 27, 2025⁶
• AuditorErnst & Young LLP, Kansas City, Missouri PCAOB ID 42; it also attests to the company’s internal control over financial reporting⁶
• On EDGAR sinceSep 11, 2000²
• Filings2,009 in all: 4 (1,212), 8-K (182), SC 13G/A (158), 10-Q (77), 144 (62), 4/A (42), DEF 14A (27), 11-K (26)²
  All 40 form types

  SC 13G (26), 10-K (24), 3 (22), ARS (17), DEFA14A (16), PRE 14A (15), SCHEDULE 13G/A (15), S-8 (13), SD (13), S-8 POS (7), UPLOAD (7), 5 (6), S-1/A (6), 8-K/A (4), CORRESP (4), 10-Q/A (3), 8-A12G/A (3), CT ORDER (3), 10-K/A (2), 10-K405 (2), 15-12G (2), 3/A (2), 8-A12G (2), 25 (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DEFR14A (1), NO ACT (1), S-1 (1), SCHEDULE 13G (1)

• Latest filingsAnnual report (10-K) Feb 18, 2026
  Quarterly report (10-Q) Jul 29, 2026
  Proxy statement (DEF 14A) Apr 22, 2026
  Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).⁶

Risk factors and legal proceedings

The risks Garmin Ltd. names in Item 1A of its 10-K filed Feb 18, 2026: 34 risks under these headings, as written.⁶

• Business Risks
• If we are not successful in the continued development, timely manufacture, and introduction of new products or product categories, overall demand for our products could decrease to the extent that total sales and profits decline.
• If we are unable to compete effectively with existing or new competitors, the associated loss of competitive position could result in price reductions, fewer customer orders, reduced margins and loss of market share.
• We may experience unique economic and political risks associated with companies that operate in Taiwan.
• We have made and may continue making significant investments in the auto OEM segment, the associated cost of which may negatively impact total company profits.
• We depend on third party suppliers and licensors, some of which are sole source, for technology and components used in our products. Our production and business would be seriously harmed if these suppliers or licensors are not able to meet our demand and alternative sources are not available, or if the costs of components rise.
• Our business has been and is expected to continue to be impacted by information technology system failures and network disruptions.
• Losses or unauthorized access to or releases of proprietary or confidential information, including personal information, could result in significant reputational, financial, legal, and operational consequences.
• Our business would suffer if we are not able to hire and retain sufficient qualified personnel or if we lose our key personnel.
• If we do not correctly anticipate demand for our products, we may not be able to secure sufficient quantities or cost-effective production of our products or we could have costly excess production or inventories.
• Our products and services may be affected by design and manufacturing defects that could materially adversely affect our business, financial condition and results of operations.
• Our products may contain undetected security vulnerabilities, which could result in damage to our reputation, lost revenue, diverted development resources, increased warranty claims, and litigation.

Legal proceedings

In the normal course of business, the Company and its subsidiaries are parties to various legal claims, actions, and complaints, including matters involving patent infringement, other intellectual property, product liability, customer claims and various other risks. It is not possible to predict with certainty whether or not the Company and its subsidiaries will ultimately be successful in any of these legal matters, or if not, what the impact might be. However, the Company’s management does not expect that the results in any of these legal proceedings will have a material adverse effect on the Company’s results of operations, financial position or cash flows.

The Company settled or resolved certain matters during the fiscal year ended December 27, 2025 that did not individually or in the aggregate have a material impact on the Company’s financial condition or results of operations.

The opening of Item 3, Legal Proceedings.⁶

Links

• Websitewww.garmin.com/de-CH¹
• WikidataQ30338591
• SEC EDGARCIK 1121788