From Financial Modeling Prep: 2025-02-19 12:15:00

Garmin (NYSE:GRMN) shares soared over 14% after exceeding fourth-quarter earnings and revenue estimates. Adjusted EPS of $2.41 beat expectations by 26%, while revenue of $1.82 billion rose 23% YoY. The company achieved record highs in revenue and operating income for the year, with all business segments performing strongly.

Garmin forecasts full-year 2025 revenue of approximately $6.80 billion, above the $6.72 billion consensus. The company expects EPS of around $7.80, reflecting ongoing profitability and operational strength. In Q4, fitness revenue surged 31% to $539.3 million, outdoor segment sales rose 29% to $629.4 million, and gross margin expanded to 59.3%.

The GPS technology leader credits its successful year to robust performance across all business segments, achieving historic revenue and operating income levels. Garmin’s upbeat 2025 forecast underscores its confidence in continued growth and profitability, with strong momentum in fitness and outdoor segments driving revenue growth.



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