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OLATHE, Kan. - Garmin (NYSE:GRMN), the $46.1 billion market cap technology company with impressive gross profit margins of 58.94%, introduced its new Edge 550 and 850 cycling computers on Tuesday, featuring advanced training capabilities and improved displays designed to help cyclists better prepare for events and track performance. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, supporting its continued product innovation.
The new devices include adaptive training plans through Garmin Cycling Coach that adjust based on course demands and the rider’s training progress. Both models feature a 2.7-inch color display with improved brightness and faster map processing while navigating.
Battery life extends up to 36 hours in battery saver mode and 12 hours during intensive use, according to the company’s press release statement.
The cycling computers offer smart fueling alerts that prompt riders to hydrate and refuel during rides based on fitness levels, course demands, and weather conditions when using a compatible power meter and heart rate monitor. Real-time weather updates with wind direction and radar overlays are available when paired with a smartphone.
Additional features include GroupRide data comparisons, gear ratio analysis when paired with electronic shifting, and specialized mountain bike ride profiles with 5 Hz GPS recording for downhill segments.
The Edge 850 model includes additional features such as a built-in speaker, touchscreen functionality, Garmin Pay contactless payments, and on-device course creation. The company’s strong market position is reflected in its impressive 19.65% revenue growth over the last twelve months, according to InvestingPro data, which offers 15+ additional investment insights about Garmin.
Both devices incorporate safety features including hazard alerts, LiveTrack location sharing, and incident detection that can send messages to emergency contacts. The computers are also compatible with Varia cameras and radars for vehicle approach warnings.
The Edge 550 is priced at $499.99 while the Edge 850 costs $599.99, with both models available immediately. Trading near its 52-week high of $246.50, Garmin’s stock currently sits at $239.51. For comprehensive valuation analysis and detailed financial metrics, investors can access Garmin’s full Pro Research Report, available exclusively on InvestingPro.
In other recent news, Garmin reported its second-quarter 2025 earnings, showcasing a notable performance with an earnings per share (EPS) of $2.17, which surpassed analyst expectations of $1.86 by 16.67%. The company’s revenue also exceeded forecasts, coming in at $1.815 billion against the anticipated $1.7 billion. In addition to their financial results, Garmin unveiled the fēnix 8 Pro series, marking the introduction of their first smartwatches with built-in inReach technology for satellite and cellular connectivity. This new series allows users to send text messages, share location updates, and make voice calls without a smartphone. Furthermore, Garmin launched the GPSMAP H1i Plus, a premium GPS handheld navigator equipped with enhanced satellite communication capabilities for off-grid photo sharing and voice memo exchanges. This device, priced at $999.99, also supports interactive SOS messaging in emergencies through Garmin Response. These developments highlight Garmin’s continued focus on integrating advanced communication features into their products.
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