Garmin Ltd. demonstrated strong financial performance with record revenue and growth across all segments. The acquisition of MyLabs is a strategic move to enhance offerings. While operating expenses and free cash flow challenges exist, the overall outlook remains positive with raised full-year guidance.

Company Guidance -

Q3 2025

During the Garmin Ltd. Second Quarter 2025 Earnings Conference Call, the company reported a consolidated revenue increase of 20% year-over-year, reaching over $1.8 billion, and a record second quarter operating income of $472 million, up 38% from the previous year. The gross and operating margins expanded to 58% and 26%, respectively, while the pro forma EPS rose by 37% to $2.17. The fitness segment led the growth with a 41% increase in revenue, totaling $605 million. Other segments also performed well, with outdoor revenue rising 11% to $490 million, aviation up 14% to $249 million, marine increasing by 10% to $299 million, and auto OEM growing by 16% to $170 million. The company updated its full-year guidance, now expecting revenue of approximately $7.1 billion and pro forma EPS of $8, reflecting confidence in continued strong demand and strategic acquisitions like MyLabs. The call highlighted the expansion in all business segments and geographic regions, with particular strength in EMEA, and the company's strategic focus on innovation and differentiated products.

Record-Breaking Revenue and Growth

Consolidated revenue increased 20% year over year, exceeding $1.8 billion, setting a new second quarter record. Operating income increased 38% to $472 million, and pro forma EPS rose by 37% to $2.17.

Strong Performance Across All Segments

The fitness segment saw a 41% revenue increase, driven by advanced wearables. Outdoor revenue grew by 11%, aviation by 14%, marine by 10%, and auto OEM by 16%.

MyLabs Acquisition

Garmin Ltd. announced the acquisition of MyLabs, a leader in timing and performance analysis, which is expected to enhance their offerings and expand market reach.

Raised Full-Year Guidance

Garmin Ltd. updated its full-year guidance, now anticipating revenue of approximately $7.1 billion and pro forma EPS of $8 per share, up from previous guidance.

Global Growth

Double-digit growth in all three geographical regions, with EMEA leading at 25%, followed by 19% in the Americas, and 16% in APAC.

Garmin (GRMN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GRMN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.98 / -	1.99	―	―	―
Jul 30, 2025	2025 (Q2)	1.90 / 2.17	1.58	37.34% (+0.59)
Apr 30, 2025	2025 (Q1)	1.67 / 1.61	1.42	13.38% (+0.19)
Feb 19, 2025	2024 (Q4)	2.05 / 2.41	1.72	40.12% (+0.69)
Oct 30, 2024	2024 (Q3)	1.45 / 1.99	1.41	41.13% (+0.58)
Jul 31, 2024	2024 (Q2)	1.47 / 1.58	1.45	8.97% (+0.13)
May 01, 2024	2024 (Q1)	1.01 / 1.42	1.02	39.22% (+0.40)
Feb 21, 2024	2023 (Q4)	1.40 / 1.72	1.35	27.41% (+0.37)
Nov 01, 2023	2023 (Q3)	1.28 / 1.41	1.24	13.71% (+0.17)
Aug 02, 2023	2023 (Q2)	1.43 / 1.45	1.44	0.69% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GRMN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$239.30	$221.49	-7.44%
Apr 30, 2025	$203.19	$186.03	-8.45%
Feb 19, 2025	$213.05	$239.98	+12.64%
Oct 30, 2024	$164.36	$202.57	+23.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Garmin (GRMN) report earnings?

Garmin (GRMN) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Garmin (GRMN) earnings time?

Garmin (GRMN) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GRMN EPS forecast?

GRMN EPS forecast for the fiscal quarter 2025 (Q3) is 1.98.

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