Core Insights - Garmin has raised its adjusted profit forecast for the year, indicating a positive outlook despite challenges in certain segments [1] Financial Performance - The company reported a rise in operating expenses, which may impact overall profitability [1] - There was a decline in quarterly revenue specifically from its outdoor and auto units, suggesting potential weaknesses in these segments [1]

Core Insights - Garmin reported quarterly earnings of $1.99 per share, slightly exceeding the Zacks Consensus Estimate of $1.98 per share, maintaining the same earnings as the previous year, indicating stability in performance [1] - The company generated revenues of $1.77 billion for the quarter ended September 2025, which fell short of the Zacks Consensus Estimate by 1.05%, but showed an increase from $1.59 billion year-over-year [2] - Garmin's stock has increased by approximately 20.3% since the beginning of the year, outperforming the S&P 500's gain of 17.2% [3] Earnings Performance - Over the last four quarters, Garmin has surpassed consensus EPS estimates three times, indicating a generally positive earnings trend [2] - The company had a favorable estimate revisions trend ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.29 on revenues of $2.02 billion, while for the current fiscal year, the estimate is $8.09 on revenues of $7.15 billion [7] - The outlook for the Electronics - Miscellaneous Products industry, where Garmin operates, is strong, currently ranking in the top 20% of over 250 Zacks industries, which historically correlates with better stock performance [8]

Core Insights - Garmin matched earnings estimates for Q3 with adjusted earnings of $1.99 per share, but sales were slightly below expectations at $1.77 billion compared to the anticipated $1.78 billion [2][4] - The company's earnings in the same quarter last year were also $1.99 per share, but sales were lower at $1.59 billion, indicating stable earnings year-over-year but growth in sales [2][4] - Following the earnings report, Garmin's stock fell over 3% in premarket trading, dropping to $240 [2][4] Financial Performance - Adjusted earnings per share for Q3 were $1.99, matching analyst expectations [2] - Sales for the September quarter were reported at $1.77 billion, slightly below the forecast of $1.78 billion [2] - Year-over-year comparison shows that sales increased from $1.59 billion in the previous year to $1.77 billion this year [2] Market Position - Garmin is recognized on the IBD Tech Leaders list, indicating its strong position within the technology sector [3] - The company has seen an upgrade in its IBD SmartSelect Composite Rating, rising to 96 from 94, reflecting improved market performance [4][5] - Garmin's stock has shown rising relative strength, although it remains shy of key benchmarks [5]

Financial Performance - Record consolidated revenue of approximately $1.77 billion, a 12% increase compared to the prior year quarter[4] - Operating income reached $456.8 million, a 4% increase year-over-year, with an operating margin of 25.8%[5] - Fitness segment revenue increased by 30% to $601 million, driven by strong demand for advanced wearables[7] - Aviation segment revenue grew by 18% to $240 million, with significant growth in both OEM and aftermarket product categories[9] - Marine segment revenue increased by 20% to $267 million, with new product launches contributing to growth[10] - Auto OEM segment revenue decreased by 2% to $164 million, impacted by legacy programs nearing end-of-life[11] - Net sales for the 13 weeks ended September 27, 2025, reached $1,770,901, a 12% increase from $1,586,022 in the same period last year[31] - Gross profit for the 39 weeks ended September 27, 2025, was $2,998,043, compared to $2,616,630 for the same period in 2024, reflecting a significant increase[29] - Operating income for the 39 weeks ended September 27, 2025, was $1,261,922, up from $1,077,913 in the prior year, indicating strong operational performance[29] - Net income for the 39 weeks ended September 27, 2025, was $1,135,206, a 16% increase from $975,703 in the same period last year[27] - The company reported a diluted net income per share of $5.87 for the 39 weeks ended September 27, 2025, compared to $5.06 in the previous year[27] - GAAP net income for the 13 weeks ended September 27, 2025, was $401,615,000, compared to $399,111,000 for the same period in 2024, reflecting a slight increase[36] - Pro forma net income for the 39 weeks ended September 27, 2025, was $1,117,441,000, up from $962,809,000 in 2024, indicating a year-over-year growth of approximately 16.1%[36] Cash Flow and Expenses - Total operating expenses rose by 15% to $590 million, primarily due to increased personnel-related costs[12] - The company generated operating cash flows of $486 million and free cash flow of $425 million in the third quarter[14] - Free cash flow for the 39 weeks ended September 27, 2025, was $933,301,000, compared to $839,712,000 for the same period in 2024, representing an increase of about 11.1%[39] - Management believes free cash flow is a crucial liquidity measure, defined as operating cash flows less capital expenditures for property and equipment[38] Guidance and Dividends - Full year 2025 revenue guidance updated to approximately $7.10 billion, with pro forma EPS expected to be $8.15[15] - The Board of Directors approved a cash dividend of $0.90 per share, with the next payment date set for December 26, 2025[16] Regional Performance - The Americas region generated net sales of $795,624 for the 13 weeks ended September 27, 2025, a 10% increase year-over-year[31] - The EMEA region saw a 13% increase in net sales to $692,557 for the 13 weeks ended September 27, 2025, compared to the same period last year[31] Assets and Financial Position - Total assets increased to $10,522,878 as of September 27, 2025, from $9,630,527 at the end of 2024, indicating growth in the company's financial position[25] - Cash and cash equivalents at the end of the period were $2,073,546, slightly down from $2,080,154 at the beginning of the period[27] Research and Development - Research and development expenses increased to $831,247 for the 39 weeks ended September 27, 2025, compared to $734,848 in 2024, highlighting a focus on innovation[27] Tax and Currency Impact - The company's effective tax rates for the 13 weeks ended September 27, 2025, were 21.2% and 17.9% for the 39 weeks, reflecting the tax effect of foreign currency gains[37] - There were no discrete tax items identified in the first three quarters of 2025 and 2024, which is important for consistent comparison[34] - The estimated impact of foreign currency gains and losses on diluted net income per share was $0.10 for the 39-week period ended September 27, 2025[42] - The company is unable to estimate the future net effect of foreign currency exchange gains and losses on a forward-looking basis due to high variability[42] - Management's forward-looking financial measures for 2025 include economic assumptions such as foreign currency exchange rates and tariffs, which can change rapidly[40]

Core Insights - Garmin (GRMN) is set to report its third-quarter 2025 results on October 29, with earnings estimated at $1.98 per share, reflecting a year-over-year decrease of 0.5% [1][10] - The Zacks Consensus Estimate for Garmin's revenues in the third quarter of 2025 is $1.79 billion, indicating a year-over-year growth of 12.8% [2][10] - Garmin has exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 17.21% [1] Revenue Segments - The Fitness segment is expected to generate revenues of $585 million, representing a year-over-year growth of 26.1%, driven by strong demand for advanced wearables and new wellness products [5][4] - The Outdoor segment's revenues are estimated at $559.9 million, showing a growth of 6.3% year-over-year, supported by strong momentum in wearables and new product launches [7][6] - The Marine segment is projected to achieve revenues of $229.6 million, up 3.3% from the previous year, bolstered by new product launches and the acquisition of Lumishore [9][8] - The Aviation segment's revenues are expected to reach $213.5 million, indicating a year-over-year growth of 4.3%, driven by increased demand in private air travel and new product features [11][10] - The Auto OEM segment is estimated to generate revenues of $178.7 million, reflecting a 5.9% year-over-year growth, attributed to increased shipments to BMW [12] Growth Drivers - Garmin's expanding product portfolio and collaborations, such as the integration with Google Maps, are anticipated to drive top-line growth across various segments [3][4] - Recent product launches, including the Venu 4 smartwatch and various advanced wearables, are expected to enhance revenue performance in the Fitness and Outdoor segments [6][4]

Core Viewpoint - Garmin (GRMN) is expected to report quarterly earnings of $1.98 per share, reflecting a slight decline of 0.5% year-over-year, while revenues are forecasted to increase by 12.8% to $1.79 billion [1] Earnings Estimates - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] Key Metrics Projections - Analysts project 'Net Sales- Marine' to be $239.52 million, a year-over-year increase of 7.8% [4] - 'Net Sales- Aviation' is estimated at $219.19 million, reflecting a 7.1% increase from the previous year [4] - 'Net Sales- Fitness' is expected to reach $593.93 million, showing a significant growth of 28% year-over-year [4] - 'Net Sales- Outdoor' is forecasted at $565.76 million, indicating a 7.5% increase [5] - 'Net Sales- Auto OEM' is estimated at $171.22 million, a modest increase of 1.5% [5] Operating Income Projections - 'Operating income (loss)- Outdoor' is projected to be $202.47 million, down from $208.87 million in the previous year [5] - 'Operating income (loss)- Fitness' is expected to reach $165.69 million, up from $147.77 million year-over-year [6] - 'Operating income (loss)- Marine' is forecasted at $46.17 million, an increase from $37.84 million in the prior year [6] Gross Profit Estimates - 'Gross profit- Fitness' is projected to be $352.82 million, compared to $283.33 million in the same quarter last year [7] - 'Gross profit- Marine' is estimated at $132.91 million, up from $122.43 million year-over-year [7] - 'Gross profit- Aviation' is expected to reach $164.32 million, an increase from $154.14 million in the previous year [7] - 'Gross profit- Outdoor' is projected at $366.21 million, compared to $358.69 million last year [8] Stock Performance - Garmin shares have increased by 5.7% over the past month, outperforming the S&P 500 composite, which rose by 1.3% [8]

Core Insights - Garmin's stock closed at $250.17, reflecting a daily increase of +1.06%, outperforming the S&P 500's gain of 0.58% [1] - The stock has risen by 4.7% over the past month, contrasting with a 0.5% decline in the Computer and Technology sector [1] Earnings Expectations - Garmin's upcoming earnings report is scheduled for October 29, 2025, with expected earnings of $1.98 per share, indicating a year-over-year decline of 0.5% [2] - Revenue is projected at $1.79 billion, representing a 12.84% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $8.09 per share and revenue at $7.15 billion, reflecting increases of +9.47% and +13.62% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Garmin indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Garmin at 2 (Buy) [6] Valuation Metrics - Garmin's Forward P/E ratio stands at 30.61, which is higher than the industry average of 23.19 [7] - The company has a PEG ratio of 2.74, compared to the industry average PEG ratio of 2.03 [7] Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 40, placing it in the top 17% of over 250 industries [8]

Core Points - Garmin has partnered with Truemed to enable qualified U.S. customers to use pre-tax HSA/FSA funds for purchasing eligible smartwatches and cycling products, potentially saving up to 30% on select items [1][3][4] Group 1: Partnership Details - The collaboration allows customers to use pre-tax dollars for Garmin products, enhancing their purchasing power [3][4] - Eligible products include various Garmin smartwatches and fitness trackers, as well as Tacx cycling trainers and Edge cycling computers [1][2] Group 2: Financial Accessibility - The initiative aims to improve financial accessibility for health-related purchases, encouraging users to prioritize their health and fitness goals [3][4] - HSA/FSA accounts represent a significant funding source, with an estimated $140 billion available for qualified Americans to address chronic health conditions [9] Group 3: Process for Reimbursement - Customers can complete a health assessment to determine eligibility for reimbursement, receiving a Letter of Medical Necessity (LMN) within 1-2 days [8] - The reimbursement claims process typically takes 2-4 weeks after submission [8]

Core Insights - Garmin has launched two new aviator smartwatches, the D2 Air X15 and D2 Mach 2, featuring advanced aviation, health, and fitness functionalities designed for pilots [1][2][3] Product Features - The D2 Air X15 includes a bright AMOLED touchscreen, built-in LED flashlight, and PlaneSync compatibility, allowing pilots to access aircraft status information remotely [5][10] - The D2 Mach 2 offers advanced aviation maps, weather alerts, and a robust design suitable for 24/7 wear, with a battery life of up to 26 days [7][10] - Both models support voice commands for various functions, including starting flight activities and accessing aviation-specific commands [8][10] Pricing and Availability - The D2 Air X15 is priced at $649.99, while the D2 Mach 2 is available in two sizes: 47mm for $1,349.99 and 51mm for $1,499.99 [13]

After reaching an important support level, Garmin (GRMN) could be a good stock pick from a technical perspective. GRMN surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.The 20-day moving average ...