Garmin® Ltd. (NYSE: GRMN), today announced results for the fourth quarter ended December 27, 2025.
Highlights for fourth quarter 2025 include:
- Consolidated revenue of $2.12 billion, a 17% increase compared to the prior-year quarter
- Gross margin of 59.2% compared to 59.3% in the prior-year quarter
- Operating margin expanded to 28.9% compared to 28.3% in the prior-year quarter
- Operating income was $614 million, a 19% increase compared to the prior-year quarter
- GAAP EPS of $2.73 and pro forma EPS(1) of $2.79, representing 16% growth in pro forma EPS over the prior-year quarter
- Launched the GPSMAP® 9000xsv series of superior chartplotters designed for captains and anglers that demand world-class performance
- Announced collaboration with Truemed to assist customers who wish to use pre-tax Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) for qualifying purchases of select Garmin products
- Enhanced Garmin Connect+ with nutrition tracking and insights powered by AI-based Garmin Active Intelligence™ to help users achieve nutrition goals
- Honored with five Consumer Electronic Show (CES) 2026 Innovation Awards for groundbreaking achievements in technology across various categories
Highlights for fiscal year 2025 include:
- Achieved record consolidated revenue of $7.25 billion, a 15% increase compared to the prior year
- All segments posted record full-year revenue
- Shipped over 20 million units, a new record
- Gross margin of 58.7% consistent with the prior year
- Operating margin expanded to 25.9% compared to 25.3% in the prior year
- Record operating income of $1.88 billion, an 18% increase compared to the prior year
- GAAP EPS of $8.59 and record pro forma EPS(1) of $8.56, representing 16% growth in pro forma EPS over the prior year
View the PDF for the full press release and financial statements.
About Garmin International, Inc.
Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, the Garmin logo, GPSMAP, Venu, fēnix, Forerunner, and inReach are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. D2, DriveTrack, Descent, Blaze, Garmin Connect, Garmin Active Intelligence, Garmin G5000H, Garmin Unified Cabin and Garmin OnBoard are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.