Earnings summaries and quarterly performance for GARMIN.
Executive leadership at GARMIN.
Clifton Pemble
Detailed
President and Chief Executive Officer
CEO
BT
Bradley Trenkle
Detailed
co-Chief Operating Officer
DB
Douglas Boessen
Detailed
Chief Financial Officer and Treasurer
PD
Patrick Desbois
Detailed
co-Chief Operating Officer
PS
Philip Straub
Detailed
Executive Vice President, Managing Director - Aviation
Board of directors at GARMIN.
Research analysts who have asked questions during GARMIN earnings calls.
Erik Woodring
Morgan Stanley
8 questions for GRMN
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Ivan Feinseth
Tigress Financial Partners LLP
7 questions for GRMN
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JC
Joseph Cardoso
JPMorgan Chase & Co.
7 questions for GRMN
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Benjamin Bollin
Cleveland Research Company
6 questions for GRMN
Also covers: AAPL, ANET, CHKP +2 more
Noah Zatzkin
KeyBanc Capital Markets
5 questions for GRMN
Also covers: BC, CALY, CWH +11 more
David Macgregor
Longbow Research
3 questions for GRMN
Also covers: AOS, BECN, CRH +15 more
JL
Jordan Lyonnais
Bank of America
3 questions for GRMN
Also covers: AIN, AXON, CAE +10 more
Tim Long
Barclays
3 questions for GRMN
Also covers: ANET, CIEN, CLS +11 more
BB
Ben Bollin
Cleveland Research
2 questions for GRMN
Also covers: CSCO, MSI, NTNX +1 more
DW
Dong Wang
Nomura Instinet
2 questions for GRMN
Also covers: CDW, CLS, CRSR +6 more
JN
Joe Nolan
Longbow Research
2 questions for GRMN
Also covers: HZO, PII, SWK +2 more
JN
Joseph Nolan
Longbow Research
2 questions for GRMN
Also covers: ALLE, BC, CSL +3 more
RE
Ron Epstein
Bank of America Corporation
2 questions for GRMN
Also covers: AER, BA, HXL +1 more
AK
Alyssa Kang
Barclays
1 question for GRMN
Ivan Feinset
Tigress Financial Partners
1 question for GRMN
JL
Jordan Linays
Bank of America Corporation
1 question for GRMN
NZ
Noah Zaskin
KeyBanc Capital Markets
1 question for GRMN
Also covers: WGO, YETI
NZ
Noah Zetskin
KeyBanc Capital Markets Inc.
1 question for GRMN
RE
Ronald Epstein
Bank of America
1 question for GRMN
Also covers: , AER, AL +26 more
Recent press releases and 8-K filings for GRMN.
Garmin reports Q4 2025 results
GRMN
Earnings
Guidance Update
Dividends
- Consolidated Q4 revenue rose 17% YoY to $2.125 B, with gross margin of 59.2%, operating income of $614 M (+19%), and pro forma EPS of $2.79 (+16%).
- Full-year 2025 revenue reached $7.246 B (+15%), operating income of $1.876 B (+18%), and pro forma EPS of $8.56 (+16%).
- 2026 guidance: revenue of ≈$7.9 B (+9%), gross margin ~58.5%, operating income >$2 B, and pro forma EPS of ≈$9.35 (+9%).
- Dividend and buyback: proposed annual dividend of $4.20/share (+17%) and a new $500 M share repurchase program through December 2028.
6 days ago
Garmin announces Q4 2025 earnings
GRMN
Earnings
Guidance Update
Dividends
- Record Q4 consolidated revenue of $2.125 B (+17% YoY) and operating income of $614 M (+19% YoY); GAAP EPS $2.73, pro forma EPS $2.79 (+16% YoY).
- Fitness segment grew 42% to $766 M, Aviation up 16% to $274 M, and Marine up 18% to $297 M, driving double-digit overall growth.
- Proposed 17% dividend increase and Board approved a $500 M share repurchase program.
- 2026 guidance: revenue $7.9 B, gross margin 58.5%, operating margin 25.5%, pro forma EPS $9.35.
6 days ago
Garmin reports Q4 and full-year 2025 results
GRMN
Earnings
Guidance Update
Dividends
- Q4 revenue of $2.125 billion, up 17% YoY; operating margin expanded 60 bps to 28.9%, driving record operating income of $614 million and pro forma EPS of $2.79 (+16%).
- FY 2025 revenue reached $7.246 billion (+15% YoY), with operating income of $1.876 billion (25.9% margin) and pro forma EPS of $8.56 (+16%).
- Q4 segment growth led by fitness (+42%), marine (+18%) and aviation (+16%); geography: Americas +21%, EMEA +14% and APAC +8%.
- 2026 guidance: revenue ~9% growth to $7.9 billion, gross margin ~58.5%, operating margin ~25.5% and pro forma EPS of $9.35.
- Strong balance sheet: cash & marketable securities ~$4.1 billion; Q4 free cash flow $430 million; proposed annual dividend increase to $4.20 per share.
6 days ago
Garmin reports Q4 and full year 2025 results
GRMN
Earnings
Guidance Update
Dividends
- Q4 revenue rose 17% to $2.125 billion, with gross margin of 59.2%, operating income of $614 million and pro forma EPS of $2.79 (+16%).
- Full-year 2025 revenue reached a record $7.246 billion (+15%), with operating income of $1.876 billion (+18%) and pro forma EPS of $8.56 (+16%).
- 2026 guidance calls for revenue of ~$7.9 billion (+9%), gross margin of ~58.5%, operating margin of ~25.5% and pro forma EPS of ~$9.35.
- Board proposed raising the annual dividend 17% to $4.20 per share and approved a $500 million share‐repurchase program through December 2028.
6 days ago
Garmin announces Q4 and FY2025 results
GRMN
Earnings
Dividends
Share Buyback
- Q4 2025 revenue of $2.12 billion, operating margin of 28.9% and pro forma EPS of $2.79, representing YoY growth of 17%, 0.6 pp and 16%, respectively.
- FY2025 record revenue of $7.25 billion (up 15% YoY) and pro forma EPS of $8.56 (up 16% YoY); shipped over 20 million units across all segments.
- Board proposes a 17% dividend increase to $4.20 per share and authorizes a $500 million share repurchase program through 2028.
- 2026 guidance: expects $7.9 billion revenue (up 9%) and pro forma EPS of $9.35, with gross margin of 58.5% and operating margin of 25.5%.
7 days ago
Garmin announces Q4 and full-year 2025 results
GRMN
Earnings
Dividends
Guidance Update
- Garmin reported Q4 2025 revenue of $2.12 B (+17% YoY), operating income of $614 M (+19% YoY), and pro forma EPS of $2.79 (+16% YoY).
- For fiscal 2025, the company delivered record revenue of $7.25 B (+15% YoY), operating income of $1.88 B (+18% YoY), and pro forma EPS of $8.56 (+16% YoY).
- The Board proposes a 17% dividend increase to $4.20 per share and has authorized a new $500 M share repurchase program.
- Garmin expects 2026 revenue of $7.9 B (+9% YoY) and pro forma EPS of $9.35, with a gross margin of 58.5% and operating margin of 25.5%.
7 days ago
Garmin reports Q3 2025 earnings
GRMN
Earnings
Guidance Update
- Consolidated revenue of $1.77 B (+12% y/y), operating income of $457 M (+4% y/y), and operating margin of 25.8%
- Fitness revenue reached $601 M (+30% y/y) with a 32% margin; Outdoor revenue declined to $498 M (–5% y/y); Aviation and Marine grew 18% and 20%, respectively
- Raised full-year 2025 guidance, projecting $7.1 B in revenue, a 25.2% operating margin, and $8.15 in pro forma EPS
- Generated $425 M in free cash flow and held $3.92 B in cash and marketable securities at quarter end
Oct 29, 2025, 2:30 PM
Garmin announces Q3 2025 results
GRMN
Earnings
Guidance Update
Product Launch
- Garmin delivered record Q3 revenue of $1.771 billion, up 12% YoY, with gross margin 59.1%, operating income $457 million, and pro forma EPS of $1.99; it raised full-year revenue guidance to $7.1 billion and pro forma EPS to $8.15.
- Segment performance: Fitness +30% to $601 million; Outdoor –5% to $498 million; Aviation +18% to $240 million; Marine +20% to $267 million; Auto OEM –2% to $165 million. FY growth estimates were revised to +29% (Fitness), +3% (Outdoor), +10% (Aviation), +10% (Marine), and +8% (Auto OEM).
- Launched multiple new products, including Edge 550/850 cycling computers, Bounce 2 kids’ smartwatch, Venu 4, fēnix 8 Pro with micro-LED/cellular inReach, Blaze Equine Wellness System, Force Current kayak motor, expanded Force Kraken lineup, and ECHOMAP Ultra 2 chart plotter.
- Ended the quarter with $3.9 billion in cash and marketable securities, $1.9 billion in inventory, and generated $425 million in free cash flow (capex $60 million). Full-year FCF is expected at $1.3 billion (capex $275 million); Q3 dividends were $173 million and buybacks $36 million.
Oct 29, 2025, 2:30 PM
Garmin reports Q3 2025 results
GRMN
Earnings
Guidance Update
Product Launch
- Consolidated revenue increased 12% to $1.8 billion, with a record operating income of $457 million and pro-forma EPS of $1.99; raised full-year EPS guidance to $8.15.
- Segments: Fitness +30% to $601 million; Outdoor –5% to $498 million; Aviation +18% to $240 million; Marine +20% to $267 million; Auto OEM –2% to $165 million.
- Launched new products including Edge 550/850 cycling computers, Bounce 2 and Venu 4 smartwatches; Phoenix 8 Pro (micro-LED & satellite connectivity), Blaze Equine Wellness, Force Current trolling motor, and EchoMap Ultra 2 chart plotter.
- Ended Q3 with $3.9 billion in cash & marketable securities, generated $425 million in free cash flow, and expects $1.3 billion in full-year free cash flow; paid $173 million in dividends and repurchased $36 million of stock.
Oct 29, 2025, 2:30 PM
Garmin reports Q3 2025 results
GRMN
Earnings
Guidance Update
Product Launch
- Consolidated revenue increased 12% to $1.771 billion, operating income was $457 million, and pro forma EPS was $1.99.
- FY2025 guidance raised: on track for $7.1 billion revenue and pro forma EPS of $8.15.
- Fitness revenue grew 30% to $601 million, marine up 20%, aviation up 18%; outdoor declined 5%, auto OEM declined 2%.
- Ended Q3 with $3.9 billion in cash and marketables, generated $425 million free cash flow, and held $1.9 billion in inventory.
- Launched new products including Edge 550/850 cycling computers, Bounce 2 and Venu 4 smartwatches, Phoenix 8 Pro, and Blaze Equine Wellness System.
Oct 29, 2025, 2:30 PM
Quarterly earnings call transcripts for GARMIN.
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