Garmin to Report Q3 Earnings: What's in Store for the Stock?

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]