Garmin Q1 2025 revenue rises 11% to $1.54 billion; pro forma EPS up 13%
Garmin reported record first-quarter 2025 revenue of $1.54 billion, up 11% from a year earlier, with GAAP diluted EPS of $1.72 (up 20%) and pro forma diluted EPS of $1.61 (up 13%). The company updated its full-year 2025 revenue expectation to approximately $6.85 billion and maintained its pro forma EPS guidance of $7.80, citing the global trade environment.
Key points
- Q1 2025 net sales of $1,535,099 thousand, up 11%; operating income of $333 million, up 12%
- GAAP diluted EPS of $1.72 versus $1.43; pro forma diluted EPS of $1.61 versus $1.42
- Full-year 2025 revenue expectation updated to approximately $6.85 billion; pro forma EPS of $7.80 maintained
- Gross margin 57.6% versus 58.1% a year earlier; operating margin 21.7% versus 21.6%
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 April 30, 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.