When did Garmin report Q1 2025 earnings?

Garmin (GRMN) reported Q1 2025 earnings on April 30, 2025 before market open.

What were Garmin's Q1 2025 revenue and EPS?

Garmin reported revenue of $1.5B and diluted EPS of $1.61 for Q1 2025.

Did Garmin beat estimates in Q1 2025?

Revenue beat the consensus estimate of $1.5B by $10.6M. EPS missed the consensus estimate of $1.67 by $0.06.

How did Garmin's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 11.1% from $1.4B a year earlier and diluted EPS grew 13.4% from $1.42.

Where can I find Garmin's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0000950170-25-060555) directly on SEC EDGAR. The filing index links above go to sec.gov.

Garmin GRMN Q1 2025 earnings

Reported April 30, 2025 · Before market open

Revenue$1.5BBeat by $10.6M Diluted EPS$1.61Miss by $0.06

Revenue estimate$1.5B

EPS estimate$1.67

Next report

Jul 29, 2026 (In 1 week)

Revenue estimate$1.9B

EPS estimate$2.27

Financials

Q1 2025

Income statement

See full

Revenue$1.5B+11.1%

Gross profit$884.5M+10.3%

Operating income$332.8M+11.5%

Net income$332.8M+20.6%

EPS (diluted)$1.72+20.3%

Balance sheet

See full

Cash & equivalents$2.2B+13.2%

Total debt$140.2M+32.5%

Total equity$8.2B+12.9%

Total assets$9.8B+13.4%

Cash flow

See full

Operating cash flow$420.8M-3.3%

CapEx$40.1M+20.8%

Free cash flow$380.7M-5.3%

Valuation & ratios

Valuation

as of 03/29/25

See full

Market cap$41.78B+46.3%

Enterprise value$39.74B+48.7%

P/E28.5×+7.5×

P/S6.5×+1.3×

Profitability

See full

Gross margin58.6%+0.8pp

Operating margin25.2%+3.4pp

Net margin22.8%-2.2pp

FCF margin18.9%-5.9pp

Returns & leverage

See full

Return on equity19%-0.9pp

Debt / equity0×0.0×

Current ratio4.1×+0.1×

Segments

By segment

See full

Outdoor$438.5M+19.7%

Fitness$384.7M+12.2%

Marine$319.4M-2.2%

Aviation$223.1M+2.9%

Auto Oem$169.3M+31.3%

By geography

See full

Americas$745.7M+4.1%

EMEA$569.0M+22.8%

Asia Pacific$220.4M+9.0%

Versus estimates

Revenue

Q1 2026$1.8BBeat by $29.4M Q4 2025$2.1BBeat by $106.7M Q3 2025$1.8BMiss by $10.8M Q2 2025$1.8BBeat by $113.8M

Q1 2025$1.5BBeat by $10.6M

Q4 2024$1.8BBeat by $123.8M

Diluted EPS

Q1 2026$2.08Beat by $0.24 Q4 2025$2.79Beat by $0.39 Q3 2025$1.99In line Q2 2025$2.17Beat by $0.27

Q1 2025$1.61Miss by $0.06

Q4 2024$2.41Beat by $0.51

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Questions, answered.

When did Garmin report Q1 2025 earnings?: Garmin (GRMN) reported Q1 2025 earnings on April 30, 2025 before market open.
What were Garmin's Q1 2025 revenue and EPS?: Garmin reported revenue of $1.5B and diluted EPS of $1.61 for Q1 2025.
Did Garmin beat estimates in Q1 2025?: Revenue beat the consensus estimate of $1.5B by $10.6M. EPS missed the consensus estimate of $1.67 by $0.06.
How did Garmin's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 11.1% from $1.4B a year earlier and diluted EPS grew 13.4% from $1.42.
Where can I find Garmin's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0000950170-25-060555) directly on SEC EDGAR. The filing index links above go to sec.gov.