Garmin Ltd

GRMN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Garmin Earnings: Resilient Demand and Focused Execution Lead to Strong Beat and Upgraded Outlook

Eric Compton , Dhruv Kothari

Jul 30, 2025

Garmin delivered solid second-quarter results, with revenue growing 20% year over year, which exceeded our expectations. Margins expanded nicely, resulting in a strong beat on the bottom line. These results helped support management's raise of the full-year outlook.

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Garmin Ltd

Garmin Earnings: Resilient Demand and Focused Execution Lead to Strong Beat and Upgraded Outlook

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