Garmin Q4 revenue rises 23% to $1.82 billion; 2025 revenue guidance $6.80 billion
Garmin reported fourth-quarter 2024 revenue of $1.82 billion, up 23%, and record full-year revenue of $6.30 billion, up 20%. Q4 GAAP EPS was $2.25 versus $2.82 a year earlier, a period that included a $159 million income tax benefit, while pro forma EPS rose 40% to $2.41. The company expects 2025 revenue of about $6.80 billion and pro forma EPS of about $7.80, and the board intends to recommend a $3.60 per share annual dividend.
Key points
- Q4 2024 operating income was $516 million, up 52%, with operating margin of 28.3% versus 23.0%.
- Full-year 2024 GAAP diluted EPS was $7.30 versus $6.71; pro forma diluted EPS was $7.39 versus $5.59.
- 2025 guidance calls for revenue of about $6.80 billion and pro forma EPS of about $7.80.
- The board intends to recommend a $3.60 per share cash dividend for shareholder approval at the June 6, 2025 annual meeting.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.