Garmin Ltd. Q2 2025 Earnings Recap

GRMN Q2 2025 August 1, 2025

Get alerts when GRMN reports next quarter

Garmin Ltd. posted a record second quarter in 2025, with consolidated revenue of $1.8 billion, a 20% increase driven by double-digit growth across all business segments, and substantial improvements in operating income and earnings.

Earnings Per Share Beat

$2.17 vs $1.90 est.

+14.2% surprise

Revenue Beat

1814564000 vs 1700780140 est.

+6.7% surprise

Market Reaction

1-Day +0.0%

5-Day +4.68%

30-Day +7.86%

See GRMN alongside your other holdings

Add to your portfolio — free

Key Takeaways

Record operating income of $472 million, up 38% year-over-year, fueled by expanded gross and operating margins of 58% and 26%, respectively.
Acquisition of MyLabs enhances Garmin's product offerings in performance analysis for various sports, potentially expanding addressable market.
Fitness segment drove the strongest growth with a 41% revenue increase, bolstered by new wearable product launches.
Updated full-year guidance anticipates revenue of approximately $7.1 billion and pro forma EPS of $8 per share.
Aviation recognized for excellence by Embraer for the tenth consecutive year, underscoring Garmin's strong industry relationships and innovation.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit GRMN on AllInvestView.

Next Q3 2025