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Analyst
Ivan Feinseth
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters).
- Questions
- 15on tracked calls
- Challenge rate
- 0%none of 15 questions
- Companies
- 1questioned at least once
- Reporting periods
- 7with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 15 of 15 questions from 1 company
GRMNGarmin15 questions · 7 reporting periods · 0 of 15 challenging
Calendar 2026 Q2
How does that compare to some of the competing products as far as cost and integration
Show response
Cliff said reception to AXIS is very strong with nothing comparable on the market, positioning it to lower installation costs and simplify integration for OEMs and builders.
What kind of uptake or reception are you seeing on that? Since this is not like a direct-to-consumer product
Show response
Cliff reported a good reception to Primacy, having hosted installer and custom audio groups in Miramar, Florida. He cautioned it is a highly specialty product that will take time to see pull-through.
Calendar 2026 Q1
how much more robust is the functionality that you provide on board to Mercedes compared to what you're providing to BMW
Show response
Cliff confirmed Mercedes units are more complex with higher ASPs than BMW due to deeper integration. Expects Mercedes to be a strong contributor to scale starting in 2027.
what percentage of buyers are signing up for a subscription plan
Show response
Cliff declined to break out subscription rates but emphasized that inReach connectivity is a key differentiator and the purpose of devices with connectivity hardware is to use the services.
can you give like a big picture of how you see that growing your user base as they use like Messenger and Explore
Show response
Cliff described strong engagement across multiple app properties including Garmin Connect, Golf app, and Messenger. Noted Messenger pulls in non-Garmin users through social connections.
Calendar 2025 Q4
What kind of uptake are you seeing on the subscription services? And what percentage, for example, of people buying the fenix 8 Pro are opt-in for the LTE and satellite connectivity
Show response
Cliff said fenix 8 Pro buyers are motivated to activate inReach since the product is built around connectivity. Already seeing SOS events from fenix 8 Pro users needing help during adventures. Platform described as a breakthrough, with plans to expand connectivity to more products.
what kind of halo effect are you seeing on products from your acquisition last year of MYLAPS
Show response
Cliff described MYLAPS as improving the full race experience from sign-up through results. Benefits span multiple markets: running, motorsport racing, and equine. Opens new avenues for applying Garmin innovation into adjacent categories.
Calendar 2025 Q3
what is the percentage of people buying those that are signing up for the connectivity plans
Show response
Cliff said both products are specifically designed with connectivity features, so virtually all buyers sign up. Bounce is marketed as parent communication tool, making the service integral.
On the launch of the Blaze, what kind of uptake have you been seeing so far? And what is your production run projection
Show response
Cliff said Blaze received a lot of attention in an underserved market. Traditional market means channel and momentum will take time to build. Plans to enhance roadmap with more products.
Calendar 2025 Q2
health secretary RFK has been, you know, very outspoken talking about his vision for smart wearables as an integral part of helping people manage their health
Show response
Cliff expressed excitement about the opportunity. Garmin's diverse product line appeals to different lifestyles and goals. At the forefront of sensor measurements and actionable health metrics.
the next big thing in smart wearables is glasses that a lot of people believe they will be as ubiquitous as cell phones
Show response
Cliff was cautious, smart glasses have come and gone before with public-use concerns. Wait-and-see approach. Believes utility of wrist wearables remains very strong.
Calendar 2025 Q1
at what point do you think you would start to report subscription and software revenue as a separate line item
Show response
Cliff confirmed the 10% threshold trigger for separate reporting. Brief and straightforward response, subscription revenue has not yet reached that threshold.
is there the opportunity to include like the zūmo radar on -- as an OEM addition to motorcycles
Show response
Cliff described zūmo radar as a product category Garmin invented. Expects motorcycle OEMs and aftermarket users to embrace it. Still early days.
Calendar 2024 Q4
my second question is on your connected cabin display, which was really, I thought, incredible at CES
Show response
Cliff called it a futuristic investment to demonstrate capability to automakers. Seeing follow-up interest. Technologies will become part of future cars even if not as a unified cabin product.
the two really great new products you launched, the Approach golf simulator and the Descent diving computer
Show response
Cliff said both products appeal to a broad customer range, serious enthusiasts, recreational users, and professionals. Appealing to a broad range is always better.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| GRMN Garmin | 15 | 0%none of 15 questions |
- GRMNGarmin · 15 questions0%none of 15 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | 3 | 0%none of 3 questions | 1 |
| 2026 Q2 | 2 | 0%none of 2 questions | 1 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q13 questions · challenge rate 0% (none of 3 questions) · 1 company
- 2026 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Product Launch11
- Innovation & R&D6
- Revenue Growth5
- Demand4
- Subscriber Growth2
- Competitive Dynamics1
- M&A1