Garmin Ltd.

GRMN

Equity

ISIN CH0114405324 / Valor 11440532

New York Stock Exchange, Inc (2025-10-20)

USD 249.13+0.06%

Garmin Ltd.
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About company

Garmin Ltd. is a multinational technology company that specializes in GPS navigation and wearable technology products.

Summarized from source with an LLMView SourceSector: Technology

Record Revenue Growth

Garmin Ltd. achieved a record consolidated revenue of $1.81 billion in the second quarter of 2025, marking a 20% increase compared to the same quarter last year.

Expanded Margins

The company's gross margin expanded to 58.8%, up from 57.3% in the prior year quarter. Additionally, the operating margin increased to 26.0%, compared to 22.7% in the second quarter of 2024.

Increased Operating Income

Operating income reached a record $472 million, representing a 38% increase over the second quarter of the previous year.

EPS Growth

Garmin reported a GAAP EPS of $2.07 and a pro forma EPS of $2.17, which is a 37% growth in pro forma earnings per share compared to the second quarter of 2024.

Product and Strategic Developments

The company launched the next-generation Forerunner® 570 and Forerunner 970, introduced SmartCharts for aviation, certified Autoland for the Cirrus SR Series G7+, and completed the strategic acquisition of MYLAPS, enhancing its position in sports timing and performance analysis.

Summarized from source with an LLMView Source

Key figures

48.7%1Y

208%3Y

152%5Y

Performance

40.1%1Y

30.1%3Y

29.0%5Y

Volatility