secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950170-25-060551
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin Q1 record revenue $1.54B (+11% YoY); GAAP EPS $1.72, pro forma EPS $1.61 (+13%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017025060551/0000950170-25-060551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017025060551/grmn-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-060551

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