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Garmin GRMN Q3 2025 earnings

Reported October 29, 2025 · Before market open

Revenue$1.8BMiss by $10.8M
EPS$1.99In line
Revenue estimate$1.8B
EPS estimate$1.99

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$2.0B
EPS estimate$2.39

Financials

Q3 2025

Income statement

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Revenue$1.8B+11.7%
Gross profit$1.0B+10.0%
Operating income$456.8M+4.4%
Net income$401.6M+0.6%
EPS (diluted)$2.08+0.5%

Balance sheet

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Cash & equivalents$2.1B+3.2%
Total debt$155.8M+41.8%
Total equity$8.5B+12.9%
Total assets$10.5B+12.6%

Cash flow

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Operating cash flow$485.6M+88.3%
CapEx$60.5M+57.1%
Free cash flow$425.1M+93.7%

Valuation & ratios

Valuation

as of 09/27/25
See full
Market cap$47.4B+40.1%
Enterprise value$45.48B+42.4%
P/E30.2×+7.9×
P/S6.8×+1.1×

Profitability

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Gross margin58.7%+0.3pp
Operating margin25.6%+1.8pp
Net margin22.6%-2.9pp
FCF margin19.2%-1.9pp

Returns & leverage

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Return on equity19.7%-2.3pp
Debt / equity0×0.0×
Current ratio3.3×0.0×

Segments

By segment

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Fitness$601.0M+29.6%
Outdoor$497.6M-5.5%
Marine$267.0M+20.1%
Aviation$240.4M+17.5%
Auto Oem$164.8M-2.3%

By geography

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Americas$795.6M+9.8%
EMEA$692.6M+13.0%
Asia Pacific$282.7M+13.6%

FAQ

When did Garmin report Q3 2025 earnings?
Garmin (GRMN) reported Q3 2025 earnings on October 29, 2025 before market open.
What were Garmin's Q3 2025 revenue and EPS?
Garmin reported revenue of $1.8B and eps of $1.99 for Q3 2025.
Did Garmin beat estimates in Q3 2025?
Revenue missed the consensus estimate of $1.8B by $10.8M. EPS beat the consensus estimate of $1.99 by $0.00.
How did Garmin's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.7% from $1.6B a year earlier and eps grew 0.0% from $1.99.
Where can I find Garmin's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-254600) and the 10-Q periodic report (0001193125-25-254605) directly on SEC EDGAR. The filing index links above go to sec.gov.