Garmin ( (GRMN) ) has released its Q2 earnings. Here is a breakdown of the information Garmin presented to its investors.
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Garmin Ltd., a leading provider of GPS technology and wearable devices, operates in sectors such as fitness, outdoor, aviation, marine, and automotive. The company is renowned for its innovative products and solutions that cater to a diverse range of industries.
In its second quarter of 2025, Garmin reported record-breaking financial results, with a 20% increase in consolidated revenue, reaching $1.81 billion. The company also raised its full-year guidance, reflecting strong performance across all segments.
Key highlights from the earnings report include a 38% rise in operating income to $472 million and a 37% growth in pro forma EPS. Garmin launched several new products, including the Forerunner 570 and 970, SmartCharts for aviation, and the certified Autoland system for Cirrus SR Series G7+. The strategic acquisition of MYLAPS further strengthens its position in sports timing and performance analysis.
The fitness segment saw a remarkable 41% revenue increase, driven by demand for advanced wearables, while the outdoor and aviation segments grew by 11% and 14%, respectively. The marine and auto OEM segments also posted solid growth, with new product launches enhancing their offerings.
Looking ahead, Garmin’s management remains optimistic, raising its full-year revenue guidance to approximately $7.1 billion, supported by a robust product lineup and strategic initiatives. The company continues to focus on innovation and market expansion to sustain its growth trajectory.