United States
Securities and Exchange Commission
Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
        SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 26, 2004

or

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission file number 0-31983
_________________

GARMIN LTD.
(Exact name of Company as specified in its charter)

Cayman Islands	98-0229227
(State or other jurisdiction	(I.R.S. Employer identification no.)
of incorporation or organization)
5th Floor, Harbour Place, P.O. Box 30464 SMB,	N/A
103 South Church Street	(Zip Code)
George Town, Grand Cayman, Cayman Islands
(Address of principal executive offices)

        Company’s telephone number, including area code: (345) 946-5203

No Changes

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the Company (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES [x] NO [ ]

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2
of the Exchange Act). YES [x] NO [ ]

Number of shares outstanding of the Company's common shares as of August 2, 2004:
Common Shares, $.01 par value 108,120,043

1

Garmin Ltd.
Form 10-Q
Quarter Ended June 26, 2004

Table of Contents

      Part I — Financial Information                                                                                Page

Item 1.   Condensed Consolidated Financial Statements (Unaudited)	3
Introductory Comments	3
Condensed Consolidated Balance Sheets at June 26, 2004
and December 27, 2003	4
Condensed Consolidated Statements of Income for the
13- and 26-weeks ended June 26, 2004 and June 28, 2003	5
Condensed Consolidated Statements of Cash Flows for the
26-weeks ended June 26, 2004 and June 28, 2003	6
Notes to Condensed Consolidated Financial Statements	7
Item 2.  Management's Discussion and Analysis of
Financial Condition and Results of Operations	14
Item 3.  Quantitative and Qualitative Disclosures About
Market Risk	23
Item 4.  Controls and Procedures	24

Item 1.  Legal Proceedings	25
Item 2.  Changes in Securities, Use of Proceeds and
Issuer Purchases of Securities	25
Item 3.  Defaults Upon Senior Securities	25
Item 4.  Submission of Matters to a Vote of Securities Holders	25
Item 5.  Other Information	25
Item 6.  Exhibits and Reports on Form 8-K	26

Signature Page	27
Index to Exhibits	28

2

Garmin Ltd.
Form 10-Q
Quarter Ended June 26, 2004

Part I – Financial Information

Item 1. Condensed Consolidated Financial Statements (Unaudited)

Introductory Comments

        The Condensed Consolidated Financial Statements of Garmin Ltd. (“Garmin” or the “Company”) included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to enable a reasonable understanding of the information presented. These Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 27, 2003. Additionally, the Condensed Consolidated Financial Statements should be read in conjunction with Item 2 of Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in this Form 10-Q.

        The results of operations for the 13- and 26-week periods ended June 26, 2004 are not necessarily indicative of the results to be expected for the full year 2004.

3

Garmin Ltd. And Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share information)

	(Unaudited) June 26, 2004			December 27, 2003
Assets
Current assets:
Cash and cash equivalents	$	242,716		$	274,329
Marketable securities		62,610			53,127
Accounts receivable, net		98,638			82,718
Inventories		89,866			96,794
Deferred income taxes		27,699			26,812
Prepaid expenses and other current assets		21,168			6,148
Total current assets		542,697			539,928
Property and equipment, net		141,074			104,784
Marketable securities		221,415			168,320
Restricted cash		1,603			1,602
Other assets, net		62,177			42,311
Total assets	$	968,966		$	856,945
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$40,587			$40,671
Salaries and benefits payable		5,000			4,792
Warranty reserve		12,379			8,399
Other accrued expenses		16,332			11,626
Income taxes payable		50,188			38,946
Total current liabilities		124,486			104,434
Deferred income taxes		615			2,821
Stockholders' equity:
Preferred stock, $1.00 par value, 1,000,000 shares      authorized, none issued		0			0
Common stock, $0.01 par value, 500,000,000 shares      authorized:
Issued and outstanding shares - 108,166,807 as of		1,081			1,082
December 27, 2003 and 108,107,497 as of
June 26, 2004
Additional paid-in capital		101,969			104,022
Retained earnings		754,574			663,604
Accumulated other comprehensive loss		(13,759	)		(19,018	)
Total stockholders' equity		843,865			749,690
Total liabilities and stockholders' equity		$968,966			$856,945

See accompanying notes.

4

   Garmin Ltd. And Subsidiaries
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share information)

	13-Weeks Ended						26-Weeks Ended
	June 26,      2004			June 28,      2003			June 26,      2004			June 28,      2003
Net sales		$189,655			$143,495			$347,984			$267,283
Cost of goods sold		91,336			59,838			169,214			108,970
Gross profit		98,319			83,657			178,770			158,313
Selling, general and
administrative expenses		19,401			13,935			36,043			27,529
Research and development
expense		14,710			9,607			28,929			18,403
		34,111			23,542			64,972			45,932
Operating income		64,208			60,115			113,798			112,381
Other income (expense):
Interest income		2,016			1,819			3,912			3,741
Interest expense		(6	)		(236	)		(16	)		(510	)
Foreign currency		3,621			(1,272	)		(3,943	)		(2,049	)
Other		6			(1,368	)		(38	)		(1,409	)
		5,637			(1,057	)		(85	)		(227	)
Income before income taxes		69,845			59,058			113,713			112,154
Income tax provision		13,530			11,812			22,743			23,413
Net income		$56,315			$47,246			$90,970			$88,741
Net income per share:
Basic		$0.52			$0.44			$0.84			$0.82
Diluted		$0.52			$0.43			$0.83			$0.81
Weighted average common
shares outstanding:
Basic		108,161			107,995			108,179			107,972
Diluted		108,884			109,038			109,052			108,888

See accompanying notes.

5

Garmin Ltd. And Subsidiaries
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)

	26-Weeks Ended
	June 26,    2004			June 28,    2003
Operating Activities:
Net income		$90,970			$88,741
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization		7,990			6,416
Amortization of prepaid license fees		7,529			2,899
Loss on sale of property and equipment		88			65
Provision for doubtful accounts		617			321
Deferred income taxes		887			(1,058	)
Foreign currency translation gains/losses		4,633			1,669
Provision for obsolete inventories		4,944			3,256
Changes in operating assets and liabilities:
Accounts receivable		(16,424	)		(2,728	)
Inventories		2,355			(12,388	)
Other current assets		(21,548	)		(250	)
Accounts payable		(408	)		(4,777	)
Other current liabilities		8,783			1,004
Income taxes		9,937			5,297
Net cash provided by operating activities		100,353			88,467
Investing activities:
Purchases of property and equipment		(41,694	)		(8,110	)
Purchase of intangible assets		(22,102	)		(781	)
Purchase of marketable securities, net		(65,213	)		(13,115	)
Proceeds from sale of property and equipment		25			10
Net cash used in investing activities		(128,984	)		(21,996	)
Financing activities:
Payments on long term debt		0			(20,000	)
Stock repurchase		(3,182	)		0
Proceeds from issuance of common stock		726			1,703
Net cash provided by financing activities		(2,456	)		(18,297	)
Effect of exchange rate changes on cash and cash equivalents		(526	)		1,537
Net increase in cash and cash equivalents		(31,613	)		49,711
Cash and cash equivalents at beginning of period		274,329			216,768
Cash and cash equivalents at end of period		$242,716			$266,479

See accompanying notes.

6

Garmin Ltd. and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

June 26, 2004
(In thousands, except share and per share information)

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the 13- and 26-week periods ended June 26, 2004 are not necessarily indicative of the results that may be expected for the year ended December 25, 2004.

The condensed consolidated balance sheet at December 27, 2003 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 27, 2003.

The Company’s fiscal year is based on a 52-53 week period ending on the last Saturday of the calendar year. Therefore the financial results of certain fiscal years, and the associated 14-week quarters, will not be exactly comparable to the prior and subsequent 52-week fiscal years and the associated quarters having only 13 weeks. The quarters ended June 26, 2004 and June 28, 2003 both contain operating results for 13 weeks.

2. Inventories

The components of inventories consist of the following:

	June 26,     2004			December 27,             2003
Raw materials		$43,865			$45,388
Work-in-process		24,975			12,551
Finished goods		34,651			50,340
Inventory reserves		(13,625	)		(11,485	)
Inventory, net of reserves		$89,866			$96,794

3. Stock Purchase Plan

The Board of Directors approved a share repurchase program on April 21, 2004, authorizing the Company to purchase up to 3.0 million shares of Garmin Ltd.‘s common stock as market and business conditions warrant. The share repurchase authorization expires on April 30, 2006. 100,000 shares have been repurchased and retired under this plan as of June 26, 2004. These amounts have been reported as a reduction in additional paid-in capital because companies incorporated in the Cayman Islands are not permitted by law to hold treasury stock.

4. Long Term Debt

Garmin had no long-term debt as of June 26, 2004 or December 27, 2003.

7

5. Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share information):

	13-Weeks Ended
	June 26,     2004		June 28,     2003
Numerator:
Numerator for basic and diluted net income
per share - net income		$56,315		$47,246
Denominator:
Denominator for basic net income per share -
weighted-average common shares		108,161		107,995
Effect of dilutive securities -
employee stock options		723		1,043
Denominator for diluted net income per share -
adjusted weighted-average common shares		108,884		109,038
Basic net income per share		$0.52		$0.44
Diluted net income per share		$0.52		$0.43

	26-Weeks Ended
	June 26,     2004		June 28,     2003
Numerator:
Numerator for basic and diluted net income
per share - net income		$90,970		$88,741
Denominator:
Denominator for basic net income per share -
weighted-average common shares		108,179		107,972
Effect of dilutive securities -
employee stock options		873		916
Denominator for diluted net income per share -
adjusted weighted-average common shares		109,052		108,888
Basic net income per share		$0.84		$0.82
Diluted net income per share		$0.83		$0.81

There were 568,298 antidilutive options for the 13-week period and 26-week period ended June 26, 2004.

8

6. Comprehensive Income

Comprehensive income is comprised of the following (in thousands):

	13-Weeks Ended
	June 26,     2004			June 28,     2003
Net income		$56,315			$47,246
Translation adjustment		(5,216	)		2,255
Change in fair value of effective portion of
Cash flow hedges, net of deferred taxes		-			637
Change in fair value of available-for-sale
marketable securities, net of deferred taxes		(732	)		47
Comprehensive income		$50,367			$50,185

	26-Weeks Ended
	June 26,     2004			June 28,     2003
Net income		$90,970			$88,741
Translation adjustment		7,166			3,270
Change in fair value of effective portion of
Cash flow hedges, net of deferred taxes		-			637
Change in fair value of available-for-sale
marketable securities, net of deferred taxes		(1,907	)		151
Comprehensive income		$96,229			$92,799

9

7. Segment Information

Revenues and income before income taxes for each of the Company’s reportable segments are presented below:

	13-Weeks Ended
	June 26, 2004				June 28, 2003
	Consumer		Aviation		Consumer		Aviation
Sales to external customers		$148,350		$41,305		$114,298		$29,197
Income before income taxes		$55,097		$14,748		$47,102		$11,956

	26-Weeks Ended
	June 26, 2004				June 28, 2003
	Consumer		Aviation		Consumer		Aviation
Sales to external customers		$271,848		$76,136		$209,607		$57,676
Income before income taxes		$89,157		$24,556		$87,268		$24,886

Revenues and long-lived assets (property and equipment) by geographic area are as follows for the 26-week periods ended June 26, 2004 and June 28, 2003:

	North America		Asia		Europe		Total
June 26, 2004
Sales to external customers		$233,113		$14,762		$100,109		$347,984
Long-lived assets		$104,720		$35,915		$439		$141,074
June 28, 2003
Sales to external customers		$185,565		$11,177		$70,541		$267,283
Long-lived assets		$45,329		$32,249		$435		$78,013

10

8. Stock Compensation Plans

Accounting for Stock-Based Compensation

        At June 26, 2004, the Company has two stock-based employee compensation plans. The Company accounts for those plans under the recognition and measurement principles of APB Opinion No. 25, Accounting for Stock Issued to Employees, and related Interpretations. No stock-based employee compensation cost is reflected in net income, as all options granted under those plans had an exercise price equal to the market value of the underlying common stock on the date of grant. The following table illustrates the effect on net income and earnings per share if the Company had applied the fair value recognition provisions of SFAS No. 123, Accounting for Stock-Based Compensation, to stock-based employee compensation.

	13-Weeks Ended
	June 26,     2004			June 28,     2003
Net income as reported		$56,315			$47,246
Deduct: Total stock-based employee compensation expense
determined under fair-value based method for all awards,
net of tax effects		(1,248	)		(762	)
Pro forma net income		$55,067			$46,484
Net income per share as reported:
Basic		$0.52			$0.44
Diluted		$0.52			$0.43
Pro forma net income per share:
Basic		$0.51			$0.43
Diluted		$0.51			$0.43

	26-Weeks Ended
	June 26,     2004			June 28,     2003
Net income as reported		$90,970			$88,741
Deduct: Total stock-based employee compensation expense
determined under fair-value based method for all awards,
net of tax effects		(2,491	)		(1,516	)
Pro forma net income		$88,479			$87,225
Net income per share as reported:
Basic		$0.84			$0.82
Diluted		$0.83			$0.81
Pro forma net income per share:
Basic		$0.82			$0.81
Diluted		$0.81			$0.80

11

2000 Non-employee Directors’ Option Plan

        In October 2000, the stockholders adopted a stock option plan for non-employee directors (the Directors Plan) providing for grants of options for up to 50,000 common shares of the Company’s stock. The term of each award is ten years. All awards vest evenly over a three-year period. During 2004 and 2003, options to purchase 5,292 and 3,648 shares, respectively were granted under this plan.

2000 Equity Incentive Plan

        Also in October 2000, the stockholders adopted an equity incentive plan (the Plan) providing for grants of incentive and nonqualified stock options and “other” stock compensation awards to employees of the Company and its subsidiaries, pursuant to which up to 3,500,000 shares of common stock are available for issuance. The stock options generally vest over a period of five years or as otherwise determined by the Board of Directors or the Compensation Committee and generally expire ten years from the date of grant, if not exercised. Option activity under the Plan during 2004, 2003, 2002 and 2001 is summarized below. There have been no “other” stock compensation awards granted under the Plan.

        A summary of the Company’s stock option activity and related information under the Plan and the Directors’ Plan for the period ended June 26, 2004 and year ended December 27, 2003 is provided below:

	Weighted-Average Exercise Price		Number of Shares
			(In Thousands)
Outstanding at December 28, 2002		$18.90		1,874
Granted		54.30		581
Exercised		14.91		(176	)
Canceled		18.19		(22	)
Outstanding at December 27, 2003		28.42		2,257
Granted		--		0
Exercised		18.15		(37	)
Canceled		24.93		(15	)
Outstanding at March 27, 2004		28.62		2,205
Granted		32.84		13
Exercised		14.27		(3	)
Canceled		37.83		(10	)
Outstanding at June 26, 2004		28.62		2,205

        There were 13,292 and 9,648 options granted during the 13-week periods ended June 26, 2004 and June 28, 2003, respectively.

        The weighted-average remaining contract life for options outstanding at June 26, 2004 is 7.8 years. Options outstanding at June 26, 2004 have exercise prices ranging from $14.00 to $54.54. At June 26, 2004, options to purchase 627,061 shares are exercisable.

12

9. Warranty Reserves

The Company’s products sold are generally covered by a warranty for periods ranging from one to two years. The Company’s estimate of costs to service its warranty obligations are based on historical experience and expectation of future conditions and are recorded as a liability on the balance sheet. The following reconciliation provides an illustration of changes in the aggregate warranty reserve.

	13-Weeks Ended
	June 26,     2004			June 28,     2003
Balance - beginning of the period		$9,863			$5,705
Accrual for products sold
during the period		5,725			2,557
Expenditures		(3,209	)		(2,131	)
Balance - end of the period		$12,379			$6,131

	26-Weeks Ended
	June 26,     2004			June 28,     2003
Balance - beginning of the period		$8,399			$5,949
Accrual for products sold
during the period		11,006			4,493
Expenditures		(7,026	)		(4,311	)
Balance - end of the period		$12,379			$6,131

10. Commitments

Pursuant to certain supply agreements, the Company is contractually committed to make purchases of $20 million over the next 3 years.

11. Subsequent Event

On July 23, 2004, the board of directors of the Company approved a $0.50/share annual dividend payable to shareholders of record on December 1, 2004.

13

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

        The discussion set forth below, as well as other portions of this Quarterly Report, contains statements concerning potential future events. Such forward-looking statements are based upon assumptions by our management, as of the date of this Quarterly Report, including assumptions about risks and uncertainties faced by the Company. Readers can identify these forward-looking statements by their use of such verbs as expects, anticipates, believes or similar verbs or conjugations of such verbs. If any of our assumptions prove incorrect or should unanticipated circumstances arise, our actual results could materially differ from those anticipated by such forward-looking statements. The differences could be caused by a number of factors or combination of factors including, but not limited to, those factors identified in the Company’s Annual Report on Form 10-K for the year ended December 27, 2003. This report has been filed with the Securities and Exchange Commission (the “SEC” or the “Commission”) in Washington, D.C. and can be obtained by contacting the SEC’s public reference operations or obtaining it through the SEC’s web site on the World Wide Web at http://www.sec.gov. Readers are strongly encouraged to consider those factors when evaluating any forward-looking statement concerning the Company. The Company will not update any forward-looking statements in this Quarterly Report to reflect future events or developments.

        The information contained in this Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the Condensed Consolidated Financial Statements and Notes thereto included in this Form 10-Q and the audited financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 27, 2003.

        The Company is a leading worldwide provider of navigation, communications and information devices, most of which are enabled by Global Positioning System, or GPS, technology. We operate in two business segments, the consumer and aviation markets. Both of our segments offer products through our network of independent dealers and distributors. However, the nature of products and types of customers for the two segments vary significantly. As such, the segments are managed separately. Our consumer segment includes portable GPS receivers and accessories for marine, recreation, land and automotive use sold primarily to retail outlets. Our aviation products are portable and panel-mount avionics for Visual Flight Rules and Instrument Flight Rules navigation and are sold primarily to retail outlets and certain aircraft manufacturers.

14

Results of Operations

        The following table sets forth our results of operations as a percentage of net sales during the periods shown:

	13-Weeks Ended
	June 26, 2004		June 28, 2003
Net sales	100.0	%	100.0	%
Cost of goods sold	48.2	%	41.7	%
Gross profit	51.8	%	58.3	%
Research and development	7.8	%	6.7	%
Selling, general and administrative	10.2	%	9.7	%
Total operating expenses	18.0	%	16.4	%
Operating income	33.8	%	41.9	%
Other income (expense), net	3.0	%	(0.7	%)
Income before income taxes	36.8	%	41.2	%
Provision for income taxes	7.1	%	8.3	%
Net income	29.7	%	32.9	%

	26-Weeks Ended
	June 26, 2004		June 28, 2003
Net sales	100.0	%	100.0	%
Cost of goods sold	48.6	%	40.8	%
Gross profit	51.4	%	59.2	%
Research and development	8.3	%	6.9	%
Selling, general and administrative	10.4	%	10.3	%
Total operating expenses	18.7	%	17.2	%
Operating income	32.7	%	42.0	%
Other income (expense), net	0.0	%	0.0	%
Income before income taxes	32.7	%	42.0	%
Provision for income taxes	6.5	%	8.8	%
Net income	26.2	%	33.2	%

15

        The following table sets forth our results of operations (in thousands) for each of our two segments through income before income taxes during the periods shown. For each line item in the table, the total of the consumer and aviation segments’ amounts equals the amount in the condensed consolidated statements of income included in Item 1.

	13-Weeks Ended
	June 26, 2004				June 28, 2003
	Consumer		Aviation		Consumer			Aviation
Net sales		$148,350		$41,305		$114,298			$29,197
Cost of good sold		76,486		14,850		49,357			10,481
Gross profit		71,864		26,455		64,941			18,716
Operating Expenses:
Selling, general and administrative		14,613		4,788		11,420			2,515
Research and development		7,270		7,440		5,647			3,960
Total Operating Expenses		21,883		12,228		17,067			6,475
Operating income		49,981		14,227		47,874			12,241
Other income (expense), net		5,117		520		(772	)		(285	)
Income before income taxes		$55,098		$14,747		$47,102			$11,956

	26-Weeks Ended
	June 26, 2004					June 28, 2003
	Consumer			Aviation		Consumer			Aviation
Net sales		$271,849			$76,136		$209,607			$57,676
Cost of good sold		140,514			28,700		88,924			20,046
Gross profit		131,334			47,436		120,683			37,630
Operating Expenses:
Selling, general and administrative		27,112			8,931		22,108			5,421
Research and development		14,472			14,457		11,196			7,207
Total Operating Expenses		41,584			23,388		33,304			12,628
Operating income		89,750			24,048		87,379			25,002
Other income (expense), net		(593	)		508		(111	)		(116	)
Income before income taxes	$	89,157		$	24,556	$	87,268		$	24,886

16

Comparison of 13-Weeks Ended June 26, 2004 and June 28, 2003

Net Sales

	13-weeks ending June 26, 2004					13-weeks ending June 28, 2003					Quarter over Quarter
	Net Sales		% of Revenues			Net Sales		% of Revenues			$ Change		% Change
Consumer		$148,350		78.2	%		$114,298		79.7	%		$34,052		29.8	%
Aviation		$41,305		21.8	%		$29,197		20.3	%		$12,108		41.5	%
Total		$189,655		100.0	%		$143,495		100.0	%		$46,160		32.2	%

        Increases in consumer sales for the 13-week period ended June 26, 2004 were primarily due to increased demand across all product lines. Increases in aviation sales were due to revenues from new product releases and Garmin AT sales for the 13-week period ended June 26, 2004. Approximately 45% of sales in the second quarter of 2004 were generated from products introduced in the last twelve months.

        Total consumer and aviation unit sales increased 11% to 569,000 in the second quarter of 2004 from 513,000 in the same period of 2003. The higher unit sales volume in the second quarter of fiscal 2004 was primarily attributable to the introduction of new products in the prior twelve months, as well as strength in our existing product lines. Unit growth occurred in both consumer and aviation segments.

Gross Profit

	13-weeks ending June 26, 2004					13-weeks ending June 28, 2003					Quarter over Quarter
	Gross Profits		% of Revenues			Gross Profits		% of Revenues			$ Change		% Change
Consumer		$71,864		48.4	%		$64,941		56.8	%		$6,923		10.7	%
Aviation		$26,455		64.0	%		$18,716		64.1	%		$7,739		41.3	%
Total		$98,319		51.8	%		$83,657		58.3	%		$14,662		17.5	%

        Gross margin changes within the consumer segment in the quarter ended June 26, 2004, when compared to the same quarter in 2003, was driven primarily by two things:

     — Product mix changes, as certain new, popular lower-margin products sold well in the quarter
     — Higher product transition costs during the period due to the introduction of 26 new products

        Aviation gross margins were primarily impacted by certain program costs associated with the G1000 cockpit offset by favorable product mix versus the same quarter of 2003 due to the introduction of higher margin portable aviation products sold within the segment.

Selling, General and Administrative Expenses

	13-weeks ending June 26, 2004					13-weeks ending June 28, 2003					Quarter over Quarter
	Selling, General &					Selling, General &
	Admin. Expenses		% of Revenues			Admin. Expenses		% of Revenues			$ Change		% Change
Consumer		$14,613		9.9	%		$11,420		10.0	%		$3,193		28.0	%
Aviation		$4,788		11.6	%		$2,515		8.6	%		$2,273		90.4	%
Total		$19,401		10.2	%		$13,935		9.7	%		$5,466		39.2	%

        The increase in expense was driven primarily by increased call center expenses ($0.3 million), increased marketing and operating costs ($1.0 million), Oracle implementation costs ($0.3 million), Garmin AT selling, general and administrative costs ($1.0 million), and increased advertising costs ($2.9 million).

17

Research and Development Expense

	13-weeks ending June 26, 2004					13-weeks ending June 28, 2003					Quarter over Quarter
	Research & Development		% of Revenues			Research & Development		% of Revenues			$ Change		% Change
Consumer		$7,270		4.9	%		$5,647		4.9	%		$1,623		28.7	%
Aviation		$7,440		18.0	%		$3,960		13.6	%		$3,480		87.9	%
Total		$14,710		7.8	%		$9,607		6.7	%		$5,103		53.1	%

        The increase in expense was due to ongoing development activities for new products, and the addition of 30 new engineering personnel to our staff during the second quarter of 2004 as a result of our continued emphasis on product innovation. Aviation research and development costs increases came from both our core technology activities ($0.6 million) and from Garmin AT ($2.9 million).

Operating Income

	13-weeks ending June 26, 2004					13-weeks ending June 28, 2003					Quarter over Quarter
	Operating Income		% of Revenues			Operating Income		% of Revenues			$ Change		% Change
Consumer		$49,980		33.7	%		$47,874		41.9	%		$2,107		4.4	%
Aviation		$14,228		34.4	%		$12,241		41.9	%		$1,986		16.2	%
Total		$64,208		33.9	%		$60,115		41.9	%		$4,093		6.8	%

        Operating income fell as a percent of revenue as a result of product mix shift that included more sales of lower-margin products, increased product transition costs, increased research and development costs, and increased marketing, product support, and Oracle implementation costs.

Other Income (Expense)

	13-weeks ending June 26, 2004			13-weeks ending June 28, 2003
Interest Income		$2,016			$1,819
Interest Expense		(6	)		(236	)
Foreign Currency Exchange		3,621			(1,272	)
Other		6			(1,368	)
Total		$5,636			($1,057	)

        The average taxable equivalent interest rate return on invested cash during the second quarter of 2004 was 1.5% compared to 1.4% during the same quarter of 2003. Interest expense decreased to $0 for the 13-week period ended June 26, 2004 from $0.2 million for the 13-week period ended June 28, 2003 due to the purchase and retirement of industrial revenue bonds in the second quarter of 2003.

        The $3.6 million currency gain was due to the strengthening of the U.S. Dollar compared to the Taiwan Dollar during the second quarter of fiscal 2004, when the exchange rate increased to 33.68 TD/USD at June 26, 2004 from 33.27 TD/USD at March 27, 2004. The $1.3 million loss in the same quarter of 2003 was due to the weakness of the U.S. Dollar compared to the Taiwan Dollar during the second quarter of fiscal 2003, when the exchange rate decreased to 34.61 TD/USD at June 28, 2003 from 34.79 TD/USD at March 29, 2003.

18

Income Tax Provision

        Income tax expense increased by $1.7 million, to $13.5 million, for the 13-week period ended June 26, 2004 from $11.8 million for the 13-week period ended June 28, 2003 due to our higher taxable income. The effective tax rate fell to 19.4% from 20.0% due to incremental tax holidays applied for in Taiwan during the quarter.

Net Income

        As a result of the above, net income increased 19.2% for the 13-week period ended June 26, 2004 to $56.3 million compared to $47.2 million for the 13-week period ended June 28, 2003.

Comparison of 26-weeks Ended June 26, 2004 and June 28, 2003

Net Sales

	26-weeks ending June 26, 2004					26-weeks ending June 28, 2003					Quarter over Quarter
	Net Sales		% of Revenues			Net Sales		% of Revenues			$ Change		% Change
Consumer		$271,848		78.1	%		$209,607		78.4	%		$62,241		29.7	%
Aviation		$76,136		21.9	%		$57,676		21.6	%		$18,460		32.0	%
Total		$347,984		100.0	%		$267,283		100.0	%		$80,701		30.2	%

        Increases in consumer sales for the 26-week period ended June 26, 2004 were primarily due to increased demand across all product lines. Increases in aviation sales were due to revenues from new product releases and Garmin AT sales for the 26-week period ended June 26, 2004.

        Total consumer and aviation unit sales increased 9% to 1,048,000 in the first half of 2004 from 959,000 in the same period of 2003. The higher unit sales volume in the first half of fiscal 2004 was primarily attributable to the introduction of new products in the prior twelve months, as well as strength in our existing product lines. Unit growth occurred in both the consumer and aviation segments.

Gross Profit

	26-weeks ending June 26, 2004					26-weeks ending June 28, 2003					Quarter over Quarter
	Gross Profits		% of Revenues			Gross Profits		% of Revenues			$ Change		% Change
Consumer		$131,334		48.3	%		$120,683		57.6	%		$10,651		8.8	%
Aviation		$47,436		62.3	%		$37,630		65.2	%		$9,806		26.1	%
Total		$178,770		51.4	%		$158,313		59.2	%		$20,457		12.9	%

        Gross margin changes within the consumer segment in the six-month period ended June 26, 2004, when compared to the same period in 2003, was driven primarily by:

— Product mix changes, as certain new, popular lower-margin products sold well in the quarter
— Higher product transition costs during the period due to the introduction of 36 new products

        Aviation gross margins were primarily impacted by certain program costs associated with the G1000 cockpit and the contribution of the Garmin AT business, which generates lower gross margin than the rest of the aviation segment, partially offset by favorable product mix due to the introduction of higher margin portable aviation products sold within the segment.

19

Selling, General and Administrative Expenses

	26-weeks ending June 26, 2004					26-weeks ending June 28, 2003					Quarter over Quarter
	Selling, General &					Selling, General &
	Admin. Expenses		% of Revenues			Admin. Expenses		% of Revenues			$ Change		% Change
Consumer		$27,112		10.0	%		$22,108		10.5	%		$5,004		22.6	%
Aviation		$8,931		11.7	%		$5,421		9.4	%		$3,510		64.7	%
Total		$36,043		10.4	%		$27,529		10.3	%		$8,514		30.9	%

        The increase in expense was driven primarily by increased call center expenses ($0.5 million), increased marketing and operating costs ($2.0 million), Oracle implementation costs ($0.9 million), Garmin AT selling, general and administrative costs ($2.1 million), and increased advertising costs ($2.5 million).

Research and Development Expense

	26-weeks ending June 26, 2004					26-weeks ending June 28, 2003					Quarter over Quarter
	Research & Development		% of Revenues			Research & Development		% of Revenues			$ Change		% Change
Consumer		$14,472		5.3	%		$11,196		5.3	%		$3,276		29.3	%
Aviation		$14,457		19.0	%		$7,207		12.5	%		$7,250		100.6	%
Total		$28,929		8.3	%		$18,403		6.9	%		$10,526		57.2	%

        The increase in expense was due to ongoing development activities for new products, and the addition of 38 new engineering personnel to our staff during the first half of 2004 as a result of our continued emphasis on product innovation. Aviation research and development costs increases came from both our core technology activities ($1.9 million) and from Garmin AT ($5.3 million).

Operating Income

	26-weeks ending June 26, 2004					26-weeks ending June 28, 2003					Quarter over Quarter
	Operating Income		% of Revenues			Operating Income		% of Revenues			$ Change			% Change
Consumer		$89,750		33.0	%		$87,379		41.7	%		$2,371			2.7	%
Aviation		$24,048		31.6	%		$25,002		43.3	%		($ 954	)		-3.8	%
Total		$113,798		32.7	%		$112,381		42.0	%		$1,417			1.3	%

        Operating income as a percentage of revenue fell as a result of product mix shift that included more sales of lower-margin products, increased product transition costs, the phase-out of old products, increased research and development costs, and increased marketing, product support, and Oracle implementation costs.

20

Other Income (Expense)

	26-weeks ending June 26, 2004			26-weeks ending June 28, 2003
Interest Income		$3,912			$3,741
Interest Expense		(16	)		(510	)
Foreign Currency Exchange		(3,943	)		(2,049	)
Other		(38	)		(1,409	)
Total		($ 85	)		($ 227	)

        The average taxable equivalent interest rate return on invested cash during the 26-week period ending June 26, 2004 was 1.5% compared to 1.4% during the same period in 2003. Interest expense decreased to $0 for the 26-week period ended June 26, 2004 from $0.5 million for the 26-week period ended June 28, 2003 due to purchase and retirement of industrial revenue bonds in the second quarter of 2003.

The $3.9 million currency loss was due to the weakness of the U.S. Dollar compared to the Taiwan Dollar during the first half of fiscal 2004, when the exchange rate decreased to 33.68 TD/USD at June 26, 2004 from 34.05 TD/USD at December 27, 2003. The $2.0 million loss in the same period of 2003 was due to the weakness of the U.S. Dollar compared to the Taiwan Dollar during the first half of fiscal 2003, when the exchange rate decreased to 34.61 TD/USD at June 28, 2003 from 35.10 TD/USD at December 28, 2002.

Income Tax Provision

        Income tax expense decreased by $0.7 million, to $22.7 million, for the 26-week period ended June 26, 2004 from $23.4 million for the 26-week period ended June 28, 2003 due to our lower effective tax rate. The effective tax rate fell to 20.0% from 21.0% due to incremental tax holidays applied for in Taiwan during the quarter.

Net Income

        As a result of the above, net income increased 2.6% for the 26-week period ended June 26, 2004 to $91.0 million compared to $88.7 million for the 26-week period ended June 28, 2003.

Liquidity and Capital Resources

        Net cash generated by operating activities was $100.4 million for the 26-week period ended June 26, 2004 compared to $88.5 million for the 26-week period ended June 28, 2003. We attempt to carry sufficient inventory levels on key components so that potential supplier shortages have as minimal an impact as possible on our ability to deliver our finished products. We experienced a $6.9 million decrease in inventory at June 26, 2004 when compared to inventory on December 27, 2003. Inventory levels decreased during the first half of 2004 primarily due to strong sales during the period and the use of certain electronics components that were purchased ahead of demand during the fourth quarter of 2003. Prepaid assets increased $15.0 million during the first half of 2004 primarily due to the prepayment of certain license fees in order to obtain favorable pricing for these licenses through long-term contracts. Accounts receivable increased $15.9 million during the first half of 2004 due to the shipment of new products into the retail channel during the second quarter of 2004.

        Cash flow from investing activities during the 26-week period ending June 26, 2004 was a $129.0 million use of cash. Cash flow used in investing activities principally related to $41.7 million in capital expenditures primarily related to the Olathe, Kansas facilities expansion project, the net purchase of $65.2 million of fixed income securities associated with the investment of our on-hand cash balances, and the payment of prepaid license fees of $22.1 million as a result of long-term agreements with key suppliers to achieve favorable pricing. It is management’s goal to invest the on-hand cash consistent with the Company’s investment policy, which has been approved by the Board of Directors. The investment policy’s primary purpose is to preserve capital, maintain an acceptable degree of liquidity, and maximize yield within the constraint of maximum safety. The Company’s average taxable equivalent return on its investments during the period was approximately 2.1%.

21

        Cash flow from financing activities during the period was an $2.5 million use of cash, which represents a use of cash for share repurchases of $3.2 million and a source of cash from the issuance of common stock related to our Company stock option plan of $0.7 million.

        We currently use cash flow from operations to fund our capital expenditures and to support our working capital requirements. We expect that future cash requirements will principally be for capital expenditures, working capital requirements, repurchase of shares, and payment of dividends declared.

        We believe that our existing cash balances and cash flow from operations will be sufficient to meet our projected capital expenditures, working capital, repurchase of shares, and other cash requirements at least through the end of fiscal 2004.

Contractual Obligations and Commercial Commitments

        On April 25, 2003, Garmin International, Inc. signed an agreement with Turner Construction Company engaging Turner as the construction manager on the facility expansion in Olathe, Kansas. The estimated cost of completion on this expansion project is approximately $65.0 million with estimated completion in October 2004. $45.8 million has been expended through June 26, 2004 on this construction project.

Off-Balance Sheet Arrangements

        We do not have any off-balance sheet arrangements.

22

Item 3. Quantitative and Qualitative Disclosures about Market Risk

      Market Sensitivity

        We have market risk primarily in connection with the pricing of our products and services and the purchase of raw materials. Product pricing and raw material costs are both significantly influenced by semiconductor market conditions. Historically, during cyclical economic downturns, we have been able to offset pricing declines for our products through a combination of improved product mix and success in obtaining price reductions in raw material costs. In recent quarters we have experienced an increase in raw materials costs and an increase in the sale of lower-margin products as a part of the product mix, resulting in reduced gross margins.

      Inflation

        We do not believe that inflation has had a material effect on our business, financial condition or results of operations. If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases. Our inability or failure to do so could adversely affect our business, financial condition and results of operations.

      Foreign Currency Exchange Rate Risk

        The operation of the Company’s subsidiaries in international markets results in exposure to movements in currency exchange rates. The potential of volatile foreign exchange rate fluctuations in the future could have a significant effect on our results of operations.

        The principal currency involved is the Taiwan Dollar. Garmin Corporation, located in Shijr, Taiwan uses the local currency as its functional currency. The Company translates all assets and liabilities at year-end exchange rates and income and expense accounts at average rates during the year. In order to minimize the effect of the currency exchange fluctuations on our operations, we have elected to retain most of our cash at our Taiwan subsidiary in U.S. dollars. As discussed above, the exchange rate decreased 1.1% during the first half of 2004 and resulted in a foreign currency loss of $3.9 million. If the exchange rate increased by a similar percentage, a comparable foreign currency gain would be recognized.

Interest Rate Risk

        As of June 26, 2004, we no longer have interest rate risk in connection with our industrial revenue bonds as these bonds have been retired.

23

Item 4. Controls and Procedures

(a)     Evaluation of disclosure controls and procedures. As of June 26, 2004, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the Company’s disclosure controls and procedures. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded as of June 26, 2004 that our disclosure controls and procedures were effective such that the information relating to the Company, required to be disclosed in our Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to the Company’s management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

(b)     Changes in internal control over financial reporting. There has been no change in the Company’s internal controls over financial reporting that occurred during the Company’s fiscal quarter ended June 26, 2004 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

24

Part II — Other Information

Item 1. Legal Proceedings

From time to time the Company may be involved in litigation arising in the course of its operations. As of August 2, 2004, the Company was not a party to any material legal proceedings.

Item 2. Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities

The following table lists the Company’s monthly share purchases during the second fiscal quarter of 2004

Period	Total # of Shares Purchased		Average Price Paid Per Share		Total Number of Shares Purchased Under Repurchase Plan		Remaining Number of Shares Available For Purchase Under The Repurchase Plan
May-04		100,000		$31.82		100,000		2,900,000
Total		100,000		$31.82		100,000		2,900,000

Item 3. Defaults Upon Senior Securities

      None

Item 4. Submission of Matters to a Vote of Security Holders

The Company held its Annual General Meeting of Shareholders on June 4, 2004. Proxies for the meeting were solicited pursuant to Regulation 14A. There was no solicitation in opposition to the Board of Directors’ nominees for election as directors as listed in the Proxy Statement and all such nominees were elected. Listed below is each matter voted on at the Company’s Annual General Meeting. All such matters were approved. A total of 100,786,309 common shares or approximately 93% of the common shares outstanding on the record date, were present in person or by proxy at the Annual General Meeting. These shares were voted as follows:

              Election of Two Class I Directors of the Company:

Nominee	For	Withheld
Gene M. Betts	100,378,242	408,037
Thomas A. McDonnell	100,268,552	517,727

The term of office of Director Donald H. Eller will continue until the Annual General Meeting in 2005. The terms of office of Directors Gary L. Burrell and Min H. Kao will continue until the Annual General Meeting of Shareholders in 2006. The terms of office of Directors Gene M. Betts and Thomas A. McDonnell will continue until the Annual General Meeting of Shareholders in 2007.

Item 5. Other Information

      Not applicable

25

Item 6. Exhibits and Reports on Form 8-K

              a.     Exhibits

                      Exhibit 31.1      Certification of Chief Executive Officer pursuant to Exchange Act
                                                 13a-14(a) or 15d-14(a).

                      Exhibit 31.2      Certification of Chief Financial Officer pursuant to Exchange Act
                                                 13a-14(a) or 15d-14(a).

                      Exhibit 32.1      Certification of Chief Executive Officer pursuant to 18 U.S.C.
                                                 Section 1350, as adopted pursuant to Section 906
                                                 of the Sarbanes-Oxley Act of 2002.

                      Exhibit 32.2      Certification of Chief Financial Officer pursuant to 18 U.S.C.
                                                 Section 1350, as adopted pursuant to Section 906
                                                 of the Sarbanes-Oxley Act of 2002.

                     Exhibits 32.1 and 32.2 shall not be deemed “filed” for the purposes of or otherwise subject to the
                     liabilities under Section 18 of the Securities Exchange Act of 1934 and shall not be deemed to be
                     incorporated by reference into the filings of the Company under the Securities Act of 1933.

              b.     Reports on Form 8-K

                     The Company furnished under Item 12 of Form 8-K the Company’s Form 8-K dated April 28, 2004 reporting
                     the announcement of financial results for the fiscal quarter ended March 27, 2004.

26

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

By   /s/ Kevin Rauckman
____________________________________
        Kevin Rauckman
        Chief Financial Officer
        (Principal Financial Officer and
        Principal Accounting Officer)

      Dated: August 4, 2004

27

INDEX TO EXHIBITS

                      Exhibit No.       Description                                                                                                  Page

                      Exhibit 31.1      Certification of Chief Executive Officer pursuant to Exchange Act
                                                 13a-14(a) or 15d-14(a).                                                                                29

                      Exhibit 31.2      Certification of Chief Financial Officer pursuant to Exchange Act
                                                 13a-14(a) or 15d-14(a).                                                                                30

                      Exhibit 32.1      Certification of Chief Executive Officer pursuant to 18 U.S.C.
                                                 Section 1350, as adopted pursuant to Section 906
                                                 of the Sarbanes-Oxley Act of 2002.                                                             31

                      Exhibit 32.2      Certification of Chief Financial Officer pursuant to 18 U.S.C.
                                                 Section 1350, as adopted pursuant to Section 906
                                                 of the Sarbanes-Oxley Act of 2002.                                                             32

28

EXHIBIT 31.1

CERTIFICATION

        I, Min H. Kao, certify that:

1.         I have reviewed this quarterly report on Form 10-Q of Garmin Ltd.;

2.         Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;.

3.         Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.         The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

a)         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b)         Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

c)         Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting; and

5.         The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

a)         All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)         Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

   Date: August 4, 2004 By   /s/ Min H. Kao
____________________________________
        Min H. Kao
        Co-Chairman and Chief
         Executive Officer

29

EXHIBIT 31.2

CERTIFICATION

      I, Kevin Rauckman, certify that:

1.         I have reviewed this quarterly report on Form 10-Q of Garmin Ltd.;

2.         Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;.

3.         Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.         The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

a)         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b)         Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

c)         Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting; and

5.         The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

a)         All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)         Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

   Date: August 4, 2004 By   /s/ Kevin Rauckman
______________________________
        Kevin Rauckman
        Chief Financial Officer

30

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Garmin Ltd. (the “Company”) on Form 10-Q for the period ending June 26, 2004 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Min H. Kao, Co-Chairman and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

   Date: August 4, 2004 By   /s/ Min H. Kao
_______________________________
        Min H. Kao
        Co-Chairman and Chief
         Executive Officer

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EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Garmin Ltd. (the “Company”) on Form 10-Q for the period ending June 26, 2004 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kevin Rauckman, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

   Date: August 4, 2004 By   /s/ Kevin Rauckman
______________________________
        Kevin Rauckman
        Chief Financial Officer

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