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Corporate earnings
Wednesday, 29 October 2025, 6:00 am CDT

Garmin announces third quarter 2025 results

Company reports record third quarter revenue and operating income, and raises full year EPS guidance

Schaffhausen, Switzerland/ Oct. 29, 2025/ PRNewswire – Garmin® Ltd. (NYSE: GRMN), today announced results for the third quarter ended September 27, 2025.

Highlights for the third quarter 2025 include:

  • Record consolidated revenue of approximately $1.8 billion, a 12% increase compared to the prior year quarter
  • Gross and operating margins of 59.1% and 25.8% respectively
  • Record operating income of $457 million, a 4% increase compared to the prior year quarter
  • GAAP EPS of $2.08 and pro forma EPS(1) of $1.99, representing flat pro forma EPS compared to the prior year quarter
  • Named 2025 Manufacturer of the Year by the National Marine Electronics Association for the 11th consecutive year, and received eight Product of Excellence awards
  • Launched the fēnix® 8 Pro series, our first-ever smartwatch with inReach® satellite and cellular connectivity
  • Announced collaboration with King’s College London as exclusive smartwatch provider for the Enhanced Maternal and Baby Results with AI-supported Care and Empowerment (EMBRACE) program of research
  • Announced Federal Aviation Administration certification of Garmin Autoland and Garmin Autothrottle for select G1000® NXi-equipped King Air 350 aircraft.

View the PDF for the full press release and financial statements.

About Garmin International, Inc.

Garmin International Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark.

All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2024, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983), and the Quarterly Report on Form 10-Q for the quarter ended September 26, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). Copies of such Form 10-K and Form 10-Q are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contact

Carly Hysell
Garmin International, Inc.
Phone | 913-397-8200
E-Mail | [email protected]

Public Company Information

NYSE: GRMN