GARMIN LTD
Close on Oct 19, 2026
- Market cap
- $55.39B
- P/E (TTM)
- 31.9
- Dividend yield
- –
About Garmin
Search, Detection, Navigation, Guidance, Aeronautical Sys, SIC 3812
Garmin Ltd. designs, develops, manufactures, and markets location-enabled navigation, communications, and sensor-based products and services. The company organizes operations into five core markets: fitness, outdoor, aviation, marine, and auto OEM. Its diverse product portfolio encompasses fitness smartwatches, cycling computers, outdoor handhelds, satellite communicators, aviation avionics and flight decks, marine navigation systems, sonar, and automotive domain controllers. Garmin serves individual consumers, athletes, mariners, aircraft operators, and vehicle original equipment manufacturers.
The company maintains vertically integrated manufacturing operations across Taiwan, the United States, the Netherlands, the United Kingdom, Poland, and China. It distributes products globally through an international network of independent retailers, distributors, repair facilities, direct online channels, and company retail stores, supported by regional offices and approximately 23,000 employees worldwide across the Americas, APAC, and EMEA. Key facilities include sites in Olathe, Kansas, although a specific corporate headquarters is not identified.
Summary of the business section of Garmin's latest annual report, written by StockData.
Company profile
Company
- Legal name
- GARMIN LTD
- Founded
- 2010
- Headquarters
- Schaffhausen, Switzerland
- Address
- Muhlentalstrasse 36/38 8200
- Phone
- 41 52 630 1600
- Website
- garmin.com
- Employees
- 6,500, Dec 27, 2025
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys
- Incorporated in
- V8
- Fiscal year ends
- December 26
- Auditor
- Ernst & Young LLP, Kansas City, Missouri
Stock & identifiers
- Ticker
- GRMN
- Exchange
- NYSE
- IPO date
- Dec 11, 2000
- Shares outstanding
- 193M, Jul 24, 2026
- Public float
- $34.22B, Jun 27, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Aug 16, 2006
- SEC CIK
- 1121788
- CUSIP
- H2906T109
- ISIN
- USH2906T1090
- LEI
- 2549001E0HIPIJQ0W046
- EIN
- 98-0229227
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Min H. Kao | Executive Chairman, Director | 19,794,649 |
| Clifton A. Pemble | President and CEO, Director | 120,382 |
| Cheng-Wei Wang | General Manager - Garmin Corp. | 34,417 |
| Philip Straub | EVP, Man. Director - Aviation | 100,889 |
| Sean Biddlecombe | Managing Director, EMEA | 6,021 |
| Joshua H. Maxfield | VP, General Counsel | 15,577 |
| Douglas G. Boessen | CFO and Treasurer | 27,422 |
| Laurie A. Minard | VP, Human Resources | 3,785 |
| Edward J. Link | VP, Information Technology | 28,425 |
| Patrick Desbois | co-COO | 58,540 |
| Bradley C. Trenkle | co-COO | 47,829 |
| Susan Lyman | VP, Consumer Sales & Marketing | 7,523 |
| Matthew Munn | EVP, Man. Director - Auto OEM | 10,476 |
| Danny J. Bartel | VP, Global Consumer Sales | 225,337 |
| Jonathan Burrell | Director | 6,086,885 |
| Catherine A. Lewis | Director | 7,945 |
| Susan M. Ball | Director | 2,388 |
| Joseph J. Hartnett | Director | 21,277 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Clifton A. Pemble | $7.74M | $7.79M | $2.69M | $191 | $154 |
| FY2024 Clifton A. Pemble | $7.24M | $18.06M | $2.42M | $191 | $145 |
| FY2023 Clifton A. Pemble | $6.54M | $10.68M | $2.11M | $115 | $112 |
| FY2022 Clifton A. Pemble | $4.59M | $900.89K | $1.89M | $81 | $78 |
| FY2021 Clifton A. Pemble | $4.24M | $5.97M | $1.69M | $114 | $124 |
| FY2020 Clifton A. Pemble | $3.68M | $5.91M | $1.60M | $125 | $133 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“The Company’s products are created by its engineering and development staff, which numbered approximately 6,500 people worldwide as of December 27, 2025.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 30, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 6, 2021 | Delisting | Notice of delisting from exchange (Form 25) |
| Dec 2, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 23, 2021 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Oct 30, 2014 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 25, 2014 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jun 28, 2010 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jun 28, 2010 | Deregistration | Termination of SEC registration (Form 15) |
| Jun 25, 2010 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 21, 2010 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| May 4, 2010 | Deregistration | Termination of SEC registration (Form 15) |
| Dec 11, 2000 | IPO | Initial public offering priced (424B4 prospectus) |