Garmin announces third quarter 2025 results

Wednesday, 29 October 2025, 6:00 am CDT 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