AI English summary of an SEC filing — figures as filed
Garmin GRMNThe company said consolidated revenue for Q2 2025 (13 weeks) rose 20% year over year to $1.81 billion, and operating income rose 38% to $472 million.
Key points
AI summaryThe company said consolidated revenue for Q2 2025 (13 weeks) rose 20% year over year to $1.81 billion, and operating income rose 38% to $472 million.
Garmin said revenue in its Fitness segment rose 41% in Q2, led by demand for advanced wearables. The segment's gross margin was 60%, its operating margin was 33%, and its operating income was $198 million.
The company said it generated operating cash flow of $173 million and free cash flow of $127 million in Q2. It paid a quarterly dividend of about $173 million and repurchased $67 million of its shares. About $143 million remained under the $300 million program as of June 28, 2025.
Based on its first-half performance, Garmin said it is raising its full-year 2025 outlook. It now expects revenue of about $7.1 billion and pro forma EPS of $8.00, based on a gross margin of 58.5%, an operating margin of 24.8% and a full-year tax rate of 17.5%.
Summary
AI-writtenAnalysis 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.
Garmin Q2 revenue $1.81 billion, operating income $472 million
The company said consolidated revenue for Q2 2025 (13 weeks) rose 20% year over year to $1.81 billion, and operating income rose 38% to $472 million.
Source · Based on the filing body and exhibits
Fitness segment revenue up 41% in Q2
Garmin said revenue in its Fitness segment rose 41% in Q2, led by demand for advanced wearables. The segment's gross margin was 60%, its operating margin was 33%, and its operating income was $198 million.
Source · Based on the filing body and exhibits
Q2 free cash flow, dividends and share buybacks
The company said it generated operating cash flow of $173 million and free cash flow of $127 million in Q2. It paid a quarterly dividend of about $173 million and repurchased $67 million of its shares. About $143 million remained under the $300 million program as of June 28, 2025.
Source · Based on the filing body and exhibits
Garmin raises full-year 2025 outlook
Based on its first-half performance, Garmin said it is raising its full-year 2025 outlook. It now expects revenue of about $7.1 billion and pro forma EPS of $8.00, based on a gross margin of 58.5%, an operating margin of 24.8% and a full-year tax rate of 17.5%.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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