Garmin Ltd.

GRMN Technology Scientific & Technical Instruments

Garmin Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 15.1% from fiscal 2024.

Revenue
+12.2%
EPS
+34.4%
Free cash flow
−31.0%

Quarter to September 2026, against a year earlier

285.57 0.83 −0.29%
Market cap
$55.2B
P/E
27.2×
Fwd P/E
26.5×
Dividend yield
1.37%
F-score
7/9
Altman Z
14.19
Beneish M
−2.24
Dividend safety
96/100

Garmin Ltd. 10-Q filed Oct 29, 2025

Fiscal Q3 2025 · Period ended Sep 27, 2025 · Filed · accepted 7:00 AM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2025: 7 added · 7 removed · 22 modified; 7 with only figures updated

  1. Modified · Business Environment Update

    Global economic and geopolitical conditions impact our operations and financial results, although we believe our vertically integrated and diversified business model enables us to be resilient and flexible in a dynamic business environment. Foreign currency fluctuations and rapidly changing global trade policies, particularly those affecting the United States, increase the economic and operational uncertainties that could significantly harm our business and results of operations. During the 26-week period ended June 28, 2025, net sales in the United States of imported fitness, outdoor, and marine products represented approximately 25% of total net sales. Refer to Part II, Item 1A, “Risk Factors” of this Quarterly Report for further discussion of the risks and uncertainties facing our Company.