Garmin Ltd. Q3 2025 Earnings Recap

GRMN Q3 2025 October 29, 2025

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Garmin Ltd. delivered robust third-quarter results with record consolidated revenue growth of 12%, reaching nearly $1.8 billion, and raised its full-year EPS guidance to $8.15.

Earnings Per Share Beat

$1.99 vs $1.99 est.

+0.0% surprise

Revenue Miss

1770901000 vs 1781700000 est.

-0.6% surprise

Market Reaction

1-Day -11.48%

5-Day -13.77%

30-Day -22.52%

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Key Takeaways

Fitness segment revenue soared 30% to $601 million, driven by advanced wearable demand and new product launches.
Outdoor segment revenue experienced a 5% decline to $498 million due to product cycle challenges, while still maintaining strong long-term growth potential.
Aviation revenues increased 18% to $240 million, bolstered by strong OEM and aftermarket contributions, prompting a revenue growth estimate increase to 10% for the year.
Marine segment revenue rose 20% to $267 million, indicating broad demand across product categories.
Full-year revenue guidance raised to $7.1 billion, reflecting strong momentum entering the Q4 holiday season.

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.

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