Editing Garmin (section)

{{Short description|Multinational technology company}}
{{distinguish|Garman}}
{{pp-semi-indef|small=yes}}
{{Use mdy dates|date=January 2022}}
{{Infobox company
| name = Garmin Ltd.
| logo = Garmin 2024 logo.svg
| logo_caption = 
| former_name = ProNav (1989–1990)
| type = [[Public company|Public]]
| traded_as = {{unbulleted list|{{NYSE|GRMN}}|[[S&P 500]] component}}
| ISIN = {{ISIN|sl=n|pl=y|CH0114405324}}
| founders = {{unbulleted list|[[Gary Burrell]]|[[Min Kao]]}}
| founded = {{start date and age|1989|10}} (as ProNav) in [[Lenexa, Kansas]], U.S.
| hq_location = {{unbulleted list|[[Olathe, Kansas]], U.S (operations)| [[Schaffhausen]], Switzerland (legal domicile)}}
| area_served = Worldwide
| key_people = {{plainlist|
* Cliff Pemble (President & [[Chief executive officer|CEO]])
* Min Kao ([[Chairman]])
* Patrick Desbois (Co-[[Chief operating officer|COO]])
* Brad Trenkle (Co-COO) }}
| industry = [[Technology]]<br/>[[Consumer electronics]]<br/>Software services<br/>Online services
| products = [[GNSS]] receivers, [[avionics]], [[wearable technology]]
| revenue = {{increase}} {{US$|6.29&nbsp;billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|1.59&nbsp;billion}} (2024)
| net_income = {{increase}} {{US$|1.41&nbsp;billion}} (2024)
| assets = {{increase}} {{US$|9.63&nbsp;billion}} (2024)
| equity = {{increase}} {{US$|7.85&nbsp;billion}} (2024)
| owner = 
| num_employees = 21,800 (2024)
| parent = 
| divisions = 
| subsid = 
| website = {{URL|garmin.com}}
| footnotes = <ref name="10K-2024">{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001121788/000095017025022760/grmn-20241228.htm |title=Garmin Ltd. 2024 Annual Report (Form 10-K) |date=February 19, 2025 |publisher=U.S. Securities and Exchange Commission}}</ref>
}}

'''Garmin Ltd.''' is an American multinational [[technology]] company based in [[Olathe, Kansas]].<ref name=":0" /><ref>{{Cite web|url=http://cwruobserver.com/2016/04/01/how-high-can-garmin-ltd-grmn-stock-go-analysts-hold-40-11-price-target/|title=How high can Garmin Ltd. (GRMN) stock go? Analysts hold $40.11 price target |publisher=CWRUOBSERVER |access-date=April 29, 2016}}</ref> The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.<ref>{{Cite web |title=Garmin Ltd |url=https://www.bloomberg.com/tosv2.html?vid=&uuid=172d457a-dfed-11ef-b6df-759b5456dc09&url=L3Byb2ZpbGUvY29tcGFueS9HUk1OOlVT |access-date=2025-01-31 |website=www.bloomberg.com}}</ref> 

Garmin was founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas.<ref name=":3" /><ref>{{Cite web |last=Bond |first=Maia |date=21 July 2022 |title=Garmin asks Olathe to approve $44 million project cost increase for headquarters expansion |url=https://www.kansascity.com/news/business/article263659863.html |website=The Kansas City Star}}</ref><ref name=":0" /> In 1996, the company established corporate headquarters in Olathe, Kansas. Since 2010, the company has been legally incorporated in [[Schaffhausen]], Switzerland, with principal subsidiaries located in the United States, Taiwan, and the United Kingdom.<ref name=":29" />

As of 2024, the company has nearly 22,000 employees in 34 countries and generated US$6.3 billion in revenue.<ref name=10K-2024 /> Garmin was initially associated with personal in-car navigation devices, but now offers several product lines across different markets, with an emphasis on smartwatch technology. In 2022, Garmin smartwatches represented the largest market share of the premium smartwatch market (watches greater than $500), leading to it having the fifth largest share of overall smartwatches sold and the third by revenue.<ref>{{Cite news |last=Lovejoy |first=Ben |date=2022-05-31 |title=Smartwatch market leader Apple 'irreplaceable,' but doesn't lead premium segment |url=https://9to5mac.com/2022/05/31/smartwatch-market-leader/ |archive-url=https://web.archive.org/web/20220910065431/https://9to5mac.com/2022/05/31/smartwatch-market-leader/ |archive-date=September 10, 2022 |access-date=2025-01-31 |work=9to5Mac |language=en-US |url-status=live }}</ref>

As of February 2023, Garmin has shipped more than 282 million products worldwide.<ref>{{Cite web |title=Garmin 2023 Annual Report |url=https://www8.garmin.com/aboutGarmin/invRelations/reports/2023_Annual_Report.pdf |website=garmin.com}}</ref>