Garmin Ltd.
GRMN
ISIN CH0114405324 / Valor 11440532
Garmin Ltd.
UMushroom community rating:
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: TechnologyLatest Results (21.10.2025):
Garmin Ltd. reported strong financial performance in the second quarter of 2025, achieving record operating results and increasing full-year guidance. The company demonstrated significant growth in revenue, margins, and earnings, reflecting its strategic initiatives and product innovations.
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 SourceKey figures
Performance
Volatility
35986 M
Market cap (USD)
833,603
Daily traded volume (Shares)
208.47 / 205.57
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
Harry Harvey
B F
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