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Garmin (GRMN)
NYSE:GRMN
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.86Last Year’s EPS
1.58Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -8.49%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
Garmin reported a record first quarter with strong growth in key segments and positive foreign exchange impacts. However, challenges such as tariff-related costs and a slight reduction in demand assumptions temper the overall outlook.Company Guidance
During Garmin Limited's first quarter 2025 earnings call, the company provided updated guidance reflecting their strong start to the year, with consolidated revenue increasing by 11% to $1.54 billion. The company reported a record first quarter operating income of $333 million, with gross and operating margins of 57.6% and 21.7%, respectively, and a pro forma EPS of $1.61. Despite the dynamic global trade environment, including a potential $100 million cost increase due to tariffs, Garmin maintained its full-year pro forma EPS guidance of $7.80, supported by favorable foreign exchange impacts and planned mitigations. Revenue forecasts for 2025 were adjusted, with Fitness expected to grow by 15%, Outdoor by 10%, Aviation by 5%, Marine expected to remain flat, and Auto OEM maintaining a 7% growth estimate. Garmin's strategic mitigations, such as sourcing changes and pricing adjustments, along with strong product lines and market share gains, are expected to help offset the tariff impacts.Record First Quarter Revenue
Consolidated revenue increased 11% to $1.54 billion, marking a new first quarter record for Garmin.
Strong Growth in Fitness and Outdoor Segments
Fitness segment revenue increased 12% to $385 million, and Outdoor segment revenue increased 20% to $438 million, both driven by strong product demand and new product launches.
Positive Foreign Exchange Impact
The weakened U.S. dollar relative to other currencies is benefiting Garmin's revenue and margins, with approximately 40% of revenue generated in non-U.S. dollar currencies.
Auto OEM Segment Growth
Revenue in the Auto OEM segment increased 31% to $169 million, driven by increased shipments to BMW.
Stable Earnings Guidance
Despite tariff impacts, Garmin maintains its pro forma EPS guidance at $7.80, aided by foreign exchange benefits and mitigation strategies.
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GRMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $204.10 | $186.87 | -8.44% |
| Feb 19, 2025 | $214.01 | $241.06 | +12.64% |
| Oct 30, 2024 | $165.10 | $203.48 | +23.25% |
| Jul 31, 2024 | $177.35 | $169.35 | -4.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Garmin (GRMN) report earnings?
Garmin (GRMN) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Garmin (GRMN) earnings time?
Garmin (GRMN) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRMN EPS forecast?
GRMN EPS forecast for the fiscal quarter 2025 (Q2) is 1.86.
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