earnings
confidence high
sentiment positive
materiality 0.80
Garmin Q1 record revenue $1.54B (+11% YoY); GAAP EPS $1.72, pro forma EPS $1.61 (+13%)
GARMIN LTD
2025-Q1 EPS reported
$1.72
revenue$1,535,099,000
- Record revenue $1.54B (+11% YoY) driven by 20% Outdoor growth and 31% Auto OEM growth.
- Gross margin 57.6% (down 50bps); operating margin expanded to 21.7% from 21.6%.
- Record operating income $333M (+12%); GAAP EPS $1.72, pro forma EPS $1.61 (+13%).
- Fitness $385M (+12%), Aviation $223M (+3%), Marine $319M (-2% YoY).
- Full year EPS guidance maintained; highlighted G3000 PRIME selection by Pilatus.