Jul 30, 11:42 AM

Garmin Beats Q2 Estimates and Raises 2025 Profit Outlook

Garmin Ltd. reported stronger-than-expected second-quarter results, with revenue rising 20% from a year earlier to $1.81 billion versus analysts’ consensus of $1.69 billion. Pro forma earnings climbed 37% to $2.17 a share, beating the $1.88 estimate. Net income came in at $401 million as the navigation-device maker recorded double-digit growth across all business segments, helped by recent launches such as the Forerunner 970 fitness watch and SmartCharts marine software. On the back of the solid quarter, the company raised its full-year 2025 outlook. Garmin now expects revenue of about $7.10 billion and pro forma earnings of roughly $8.00 a share, compared with previous market expectations of $6.87 billion and $7.93, respectively. The upbeat guidance sent the stock up roughly 2.4% in pre-market trading.

#Forerunner 970 #SmartCharts #Garmin

Written with ChatGPT .

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Garmin Beats Q2 Estimates and Raises 2025 Profit Outlook

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