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GARMIN . Schaffhausen , Switzerland / October 27 , 2021 / Business Wire Garmin® Ltd. ( NASDAQ : GRMN ) , today announced results for the third quarter ended September 25 , 2021 . Highlights for third quarter 2021 include : ● Net sales Total revenue of $ 1.19 billion , a 7 % increase over the prior year quarter Gross and operating margin were 58.4 % and 23.7 % , respectively Operating income of $ 283 million , an 11 % decrease compared to the prior year quarter GAAP EPS was $ 1.34 and pro forma EPS ( 1 ) was $ 1.41 Named Manufacturer of the Year by the National Marine Electronics Association for the seventh consecutive year ( In thousands , except per share information ) Garmin announces third quarter results Company reports record third quarter revenue Ranked # 1 in avionics support for the 18th consecutive year by Aviation International News Received production qualification from BMW for our Olathe , Kansas manufacturing facility Launched the Approach® R10 , our first portable golf launch monitor Recently hosted fifth annual Garmin Developer Conference where we announced strategic Connect IQ partnerships Fitness Outdoor Aviation Marine Auto Gross margin % Operating income % GAAP diluted EPS $ Pro forma diluted EPS ( 1 ) $ September 25 , 2021 $ 1,191,973 342,316 323,856 180 , 165 207,534 138,102 58.4 % 23.7 % 13 - Weeks Ended September 26 , 2020 $ 1,109,194 328,446 334,844 151,112 165,437 129,355 1.34 1.41 60.2 % 28.6 % $ 1.63 $ 1.58 YoY Change 7 % 4 % ( 3 ) % 19 % 25 % 7 % ( 18 ) % ( 11 ) % September 25 , 2021 $ 3,591,206 1,063,642 903,715 534,886 678,698 410,265 $ A LA $ 59.0 % 25.2 % 39 - Weeks Ended September 26 , 2020 $ 2,835,168 846,688 716,146 465,850 4.13 4.27 EA CA 486,269 320,215 59.6 % 24.1 % 3.44 $ $ 3.41 ( 1 ) See attached Non - GAAP Financial Information for discussion and reconciliation of non - GAAP financial measures , including pro forma diluted EPS YoY Change 27 % 26 % 26 % 15 % 40 % 28 % 20 % 25 % Executive Overview from Cliff Pemble , President and Chief Executive Officer : " I am very pleased with our performance in the quarter as we are now comparing against the robust pandemic driven growth from the prior year , " said Cliff Pemble , President and CEO of Garmin . " Strong demand for active lifestyle products continued , and our marine and aviation segments recorded impressive double - digit growth