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GARMIN . Garmin announces first quarter results Company reports strong double - digit revenue and operating income growth Schaffhausen , Switzerland / April 28 , 2021 / Business Wire - GarminⓇ Ltd. ( NASDAQ : GRMN ) , today announced results for the first quarter ended March 27 , 2021 . Highlights for first quarter 2021 include : • • • • • • Total revenue of $ 1.07 billion , a 25 % increase over the prior year quarter led by double - digit growth in the fitness , outdoor , marine and auto segments Gross margin improved to 59.8 % compared to 59.2 % in the prior year quarter Operating margin improved to 23.3 % compared to 20.7 % in the prior year quarter Operating income of $ 250 million , a 41 % increase over the prior year quarter GAAP EPS was $ 1.14 and pro forma EPS ( 1 ) was $ 1.18 , representing 30 % growth in pro forma EPS over the prior year quarter Launched Lily ™ , our smallest and most fashionable smartwatch Expanded our market reach to serve endurance athletes with the launch of Enduro ™ Entered the powersports market with an all - new assortment of products including the rugged Tread T power sport navigator , the PowerSwitch digital switching system and the BC 40 wireless camera Garmin Autoland named a 2020 finalist for the esteemed Robert J. Collier Trophy ( In thousands , except per share information ) Net sales Fitness Outdoor Aviation Marine Auto Gross margin % Operating income % GAAP diluted EPS Pro forma diluted EPS ( 1 ) 13 - Weeks Ended March 27 , 2021 March 28 , YOY 2020 Change $ 1,072,327 $ 856,108 25 % 308,125 223,601 38 % 256,455 175,102 46 % 173,889 188,599 ( 8 ) % 209,372 163,005 28 % 124,486 105,801 18 % 59.8 % 59.2 % 23.3 % 20.7 % $ 1.14 $ 0.84 $ 1.18 $ 0.91 36 % 30 % ( 1 ) See attached Non - GAAP Financial Information for discussion and reconciliation of non - GAAP financial measures , including pro forma diluted EPS