Garmin Ltd.: Initiation Of Coverage – What Is Its Biggest Competitive Advantage? 

Garmin Limited, an established name in the technology and gadget sector, recently disclosed financial results for
the second quarter of 2024, recording a commendable double-digit growth in consolidated revenue and
operating income compared to the previous year. The company reported an impressive 14% increase in consolidated revenue, bringing in $1.51 billion, a new record for the second quarter. This growth was underpinned by the robust performance of three business segments which experienced double-digit growth.