Garmin Ltd. Q4 2025 Earnings Call Summary

Vertical integration serves as a primary defense against component cost volatility, allowing the company to manage the total Bill of Materials (BoM) more efficiently than non-integrated competitors.High user engagement, evidenced by an 8% increase in average activity levels, is driving strong pull-through rates for new product registrations and retail demand.The Auto OEM segment is undergoing a strategic pivot, shifting R&D resources toward other segments as legacy programs reach end-of-life and the company ...