GRMN
Garmin Ltd.207.04
-0.19-0.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
39.85BP/E (TTM)
25.50Basic EPS (TTM)
8.12Dividend Yield
0.02%Recent Filings
8-K
Garmin's Q2 revenue hits record $1.81B
Garmin Ltd. reported record Q2 2025 revenue of $1.81 billion, up 20% year-over-year, with operating income surging 38% to $472 million amid double-digit growth across all segments. Fitness led with 41% gains from advanced wearables, while margins expanded to 58.8% gross and 26.0% operating. The company recently acquired MYLAPS for sports timing expertise. It raised full-year guidance to $7.1 billion revenue and $8.00 pro forma EPS. Strong cash flows support ongoing dividends and buybacks.
10-Q
Q2 FY2025 results
Garmin's Q2 revenue surged 20% year-over-year to $1.81 billion, fueled by 41% growth in fitness and double-digit gains across outdoor, aviation, marine, and auto OEM segments, while gross margin expanded to 58.8% from 57.3% on favorable product mix. Operating income climbed 38% to $472 million, lifting diluted EPS to $2.07, up from $1.56, with the YTD EPS of $3.79 reconciling neatly to 193,557 diluted shares and no anti-dilution flagged. Cash from operations dipped to $594 million YTD amid inventory builds, yet free cash flow held at $508 million (derived) after $86 million capex; the balance sheet stays rock-solid with $2.1 billion in cash equivalents and no debt. Acquired MYLAPS on July 15, 2025, for immaterial cost to bolster sports timing tech. Tariffs on imported goods pose a persistent drag.
8-K
Garmin approves $3.60 dividend
Garmin's shareholders overwhelmingly approved the 2024 annual report, director re-elections, and a $3.60 per share cash dividend payable in four $0.90 quarterly installments through March 2026, with the first due June 27 to holders of record June 16. They also ratified Ernst & Young as auditors and renewed the board's capital band authority until June 2026, signaling strong governance continuity. Yet dividends strain reserves. This bolsters investor confidence amid steady returns.
10-Q
Q1 FY2025 results
Garmin kicked off 2025 with net sales climbing 11% year-over-year to $1.5B for the quarter ended March 29, fueled by double-digit gains in outdoor (20%), auto OEM (31%), and fitness (12%), while marine dipped 2% on promotion timing. Gross margin held steady at 58%, but operating income rose 12% to $333M as expenses grew in line with revenue; diluted EPS advanced to $1.72 from $1.43, reconciling cleanly with 194K weighted shares. Cash from operations delivered $421M, funding $40M capex for free cash flow of $381M (derived), with cash equivalents swelling to $2.2B and no debt outstanding. Outdoor now claims 29% of sales, up from 26%. Yet trade restrictions on imports from Taiwan and China loom as a key risk.
8-K
Garmin's Q1 revenue surges 11%
Garmin Ltd. reported record Q1 2025 revenue of $1.54 billion, up 11% year-over-year, driven by 20% growth in outdoor products and 12% in fitness wearables, while marine dipped 2% on promotion timing. Operating income hit $333 million, a 12% rise, with margins steady at 21.7%. The company updated full-year revenue guidance to $6.85 billion but held pro forma EPS at $7.80 amid trade uncertainties. Diversification shields it well.
IPO
Website
Employees
Sector
Industry
AATC
Autoscope Technologies Corporat
6.18-0.01
ITRN
Ituran Location and Control Ltd
42.57-1.21
MIND
MIND Technology, Inc.
7.94-0.15
MVIS
Microvision, Inc.
0.92+0.04
NTGR
NETGEAR, Inc.
24.07+0.55
QCOM
QUALCOMM Incorporated
176.12-3.14
SANM
Sanmina Corporation
146.84-11.33
TRCK
Track Group, Inc.
0.30+0.00
TRMB
Trimble Inc.
80.50+0.33
ZEPP
Zepp Health Corporation
28.82+0.51