The company said consolidated revenue for the 13-week period ended March 29, 2025 rose 11% year over year to $1.54 billion, and operating income rose 12% to $333 million. It said operating margin was 21.7%, compared with 21.6% a year earlier.

1. 01

   The company said consolidated revenue for the 13-week period ended March 29, 2025 rose 11% year over year to $1.54 billion, and operating income rose 12% to $333 million. It said operating margin was 21.7%, compared with 21.6% a year earlier.

2. 02

   Garmin said revenue in Q1 rose 20% in Outdoor and 31% in Auto OEM, and rose 12% in Fitness and 3% in Aviation, while Marine fell 2%. The company cited the timing of promotions as the main factor behind the Marine decline.

3. 03

   Garmin said GAAP diluted EPS was $1.72 ($1.43 a year earlier) and pro forma diluted EPS was $1.61 ($1.42 a year earlier), with pro forma EPS up 13% from the prior year. It said the per-share impact of foreign currency gains and losses, net of the tax effect, was $0.11.

4. 04

   Garmin said it generated operating cash flow of $421 million and free cash flow of $381 million in Q1 2025. It said it paid a quarterly dividend of about $145 million and repurchased $27 million of its shares, and it ended the quarter with about $3.9 billion in cash and marketable securities.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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