Garmin Ltd. Q3 2025 Earnings Release

Garmin Ltd. announced its financial results for the third quarter of 2025, reporting record consolidated revenue of $1.8 billion, a 12% increase compared to the prior year quarter. The company also achieved record operating income of $457 million, a 4% increase year-over-year. GAAP EPS was $2.08, while pro forma EPS remained flat at $1.99. Key highlights include strong performance in the Fitness, Aviation, and Marine segments, with revenue growth of 30%, 18%, and 20% respectively. The company also raised its full-year EPS guidance, anticipating revenue of approximately $7.10 billion and pro forma EPS of $8.15. Garmin continues to innovate, launching new products such as the fēnix® 8 Pro series and expanding its market reach with collaborations like the EMBRACE program with King’s College London.