Core Viewpoint - Garmin Ltd. reported Q4 results that exceeded analysts' expectations, showcasing a double beat and providing aggressive guidance, which positively impacted its share price [1]. Financial Performance - The company achieved a double beat in its Q4 results, indicating that both revenue and earnings per share surpassed analyst forecasts [1]. Future Guidance - Garmin provided aggressive guidance for future performance, suggesting strong confidence in its growth trajectory [1].

Core Insights - Google has launched the Pixel 10a, an entry-level smartphone priced at $499, featuring new AI software capabilities and minor hardware updates [1] - The device is available for preorder with shipments starting on March 5, and it comes in four colors: Lavender, Berry, Fog, and Obsidian [1] Display and Battery - The Pixel 10a features a 6.3-inch Actua display that is 11% brighter than its predecessor, the Pixel 9a [2] - It offers faster charging and boasts over 30 hours of battery life, extending up to 120 hours with the "Extreme Battery Saver" mode [2] Camera Features - The smartphone is equipped with a 48MP main camera and a 13MP ultrawide camera, which Google claims is the best camera on a phone under $500 [2] - New AI-powered camera features include "Auto Best Take," which captures multiple frames and selects the best one, and "Camera Coach," providing guidance on lighting and composition [4] Connectivity and Updates - For the first time in the A-series, the Pixel 10a includes Satellite SOS, allowing users to connect with emergency services without Wi-Fi or cellular service [5] - The device will receive seven years of software and security updates, consistent with recent Pixel models [5] Comparison with Competitors - The Pixel 10a's launch precedes Apple's upcoming entry-level iPhone 17e, which is expected to be priced at $599 [8] - The Pixel 10a does not include the "PixelSnap" magnetic Qi charging feature found in the higher-end Pixel 10 series [8] Additional Product Launch - Google is also introducing Pixel Buds 2a in two new colors, Berry and Fog, to complement the Pixel 10a [8]

Financial Data and Key Metrics Changes - Consolidated revenue increased 17% to over $2.1 billion in Q4 2025, marking a new record for the fourth quarter and the first quarter to exceed $2 billion [5][20] - Full year consolidated revenue rose 15% to $7.25 billion, a new annual record, up nearly $1 billion from 2024 [6][22] - Gross margin for Q4 was 59.2%, comparable to the prior year, while operating margin expanded by 60 basis points to 28.9% [5][20] - Record full-year operating income reached nearly $1.9 billion, up 18% year-over-year, with an operating margin of 25.9% [7][22] Business Segment Data and Key Metrics Changes - Fitness segment revenue increased 33% to $2.36 billion, driven by wearables, with operating income up 50% year-over-year to $726 million [10][11] - Outdoor segment revenue grew 5% to $2.05 billion, primarily from adventure watches, with operating income of $690 million [12][14] - Aviation segment revenue rose 13% to $987 million, with operating income increasing 22% to $257 million [15] - Marine segment revenue increased 10% to $1.18 billion, with operating income of $251 million [16] - Auto OEM segment revenue grew 9% to $665 million, but operating loss was $49 million for the year [18][19] Market Data and Key Metrics Changes - In Q4, the Americas region achieved strong double-digit growth of 21%, with quarterly revenue exceeding $1 billion for the first time [23] - For the full year, EMEA region grew by 18%, Americas by 40%, and APAC by 12% [23] Company Strategy and Development Direction - The company focuses on market diversification and creating superior products essential to customers' lives, which has been a successful strategy since its inception [6] - The company anticipates 2026 to be another year of strong growth, expecting revenue to increase approximately 9% to $7.9 billion [8][27] - A $500 million share repurchase program was approved, effective through December 2028, alongside a proposed annual dividend increase of 17% [9][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and highlighted strong relationships with suppliers [8][9] - The company is optimistic about continued growth in the fitness segment, driven by demand for current products and new introductions [11][33] - Management noted that the overall market for wearables is on a steady growth path, with Garmin gaining market share [78] Other Important Information - The company plans to shift R&D resources from the auto OEM segment to accelerate product development in other segments [40] - The Truemed collaboration allows customers to use HSA and FSA funds for Garmin products, becoming a significant sales channel [59] Q&A Session Summary Question: Impact of memory costs on 2026 guidance - Management acknowledged pressure on memory costs but did not quantify the impact, emphasizing overall cost efficiency across the BOM [30][31] Question: Factors contributing to wearables growth - Growth was primarily volume-driven, with minor impacts from ASP; management expects continued momentum in 2026 [32][33] Question: Future of auto OEM business - Management noted that projections were based on automotive OEM partners' assumptions, which have since changed; they are focusing on achieving scale and innovation [39] Question: Growth opportunities in aviation - Management confirmed that projects like the Black Hawk helicopter modernization represent growth opportunities, leveraging commercial products for military applications [48][90] Question: Update on Connect Plus uptake - Management reported high conversion rates for the nutrition feature added to Connect Plus, indicating strong customer interest [49] Question: Global wearables market trends - Management believes the overall wearables market is experiencing steady growth, with Garmin gaining market share [78] Question: Marine industry outlook - Management sees a healthy marine market with active boat shows and demand for larger boats, contributing to growth [81]

Financial Data and Key Metrics Changes - Consolidated revenue increased 17% to over $2.1 billion in Q4 2025, marking a new record for the fourth quarter and the first quarter to exceed $2 billion [5][20] - Full year consolidated revenue rose 15% to $7.25 billion, a new annual record, with gross margin at 58.7% and operating margin expanding 60 basis points to 25.9% [6][7] - Record operating income of nearly $1.9 billion for the full year, up 18% year-over-year, with pro forma EPS of $8.56, a 16% increase [21][26] Business Segment Data and Key Metrics Changes - Fitness segment revenue surged 33% to $2.36 billion, driven by wearables, with operating income increasing 50% year-over-year to $726 million [10] - Outdoor segment revenue grew 5% to $2.05 billion, primarily from adventure watches, with operating income of $690 million [12] - Aviation segment revenue increased 13% to $987 million, with operating income rising 22% to $257 million [14] - Marine segment revenue rose 10% to $1.18 billion, with operating income of $251 million [16] - Auto OEM segment revenue increased 9% to $665 million, but operating loss was $49 million [18] Market Data and Key Metrics Changes - Americas region achieved strong double-digit growth of 21%, with quarterly revenue exceeding $1 billion for the first time [23] - EMEA region grew by 14% and APAC region by 8% in Q4 2025 [23] - For the full year, EMEA grew 18%, Americas 40%, and APAC 12% [23] Company Strategy and Development Direction - The company focuses on market diversification and creating essential products, which has been a successful strategy since its inception [6] - Future guidance anticipates revenue growth of approximately 9% to $7.9 billion in 2026, with operating income expected to exceed $2 billion for the first time [8][27] - The company plans to continue leveraging its vertically integrated business model to optimize cost structures amid supply chain challenges [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and highlighted strong relationships with suppliers [8][9] - The company expects continued strong performance in the fitness segment, driven by demand for current products and new introductions [11] - Management noted that the overall market for wearables is on a steady growth path, with Garmin gaining market share [78] Other Important Information - The company proposed an annual dividend of $4.20 per share, reflecting a 17% increase, and announced a $500 million share repurchase program [9][26] - The company is exploring new product categories and enhancing existing services, such as the Connect Plus program, which has seen high engagement [49][60] Q&A Session Summary Question: Impact of memory costs on 2026 guidance - Management indicated that while memory costs are under pressure, they do not quantify individual components of the cost structure [29][30] Question: Factors contributing to wearables growth - Management noted that growth was primarily volume-driven, with minor impacts from average selling price [32][33] Question: Future of auto OEM business - Management acknowledged that while initial projections were optimistic, they are now focusing on achieving scale and investing for future growth [38][39] Question: Growth opportunities in aviation - Management confirmed that projects like the Black Hawk helicopter represent growth opportunities, utilizing commercial components for military applications [47][48] Question: Update on Connect Plus uptake - Management reported high conversion rates for the nutrition feature added to Connect Plus, indicating strong customer interest [49] Question: Global wearables market trends - Management believes the overall wearables market is experiencing steady growth, with Garmin successfully gaining market share [78]

Financial Data and Key Metrics Changes - Consolidated revenue increased 17% to over $2.1 billion in Q4 2025, marking a new record for the fourth quarter and the first quarter to exceed $2 billion [4][20] - Full year consolidated revenue rose 15% to $7.25 billion, a new annual record, with gross margin at 58.7% and operating margin expanding by 60 basis points to 25.9% [5][21] - Record operating income for Q4 was $614 million, up 19% year-over-year, and for the full year, it was nearly $1.9 billion, an 18% increase [4][6] Business Segment Data and Key Metrics Changes - Fitness segment revenue increased 33% to $2.36 billion, with operating income rising 50% year-over-year to $726 million [10] - Outdoor segment revenue grew 5% to $2.05 billion, driven by adventure watches, with operating income of $690 million [12] - Aviation segment revenue increased 13% to $987 million, with operating income rising 22% to $257 million [14] - Marine segment revenue rose 10% to $1.18 billion, with operating income of $251 million [16] - Auto OEM segment revenue increased 9% to $665 million, but operating loss was $49 million [18] Market Data and Key Metrics Changes - In Q4, the Americas region achieved strong double-digit growth of 21%, while EMEA and APAC regions grew by 14% and 8%, respectively [22] - For the full year, EMEA grew by 18%, Americas by 40%, and APAC by 12% [22] Company Strategy and Development Direction - The company focuses on market diversification and creating superior products essential to customers' lives, which has been a successful strategy since its inception [5] - The company anticipates 2026 to be another year of strong growth, expecting revenue to increase approximately 9% to $7.9 billion and operating income to exceed $2 billion for the first time [7][27] - The company will no longer emphasize individual segment growth targets, focusing instead on consolidated guidance measures [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and highlighted strong relationships with suppliers [8][9] - The company is prepared for potential impacts from memory constraints and is actively seeking efficiencies throughout its supply chain [8] - Management noted that the overall market for wearables is on a steady growth path, with Garmin gaining market share [79] Other Important Information - The company proposed an annual dividend of $4.20 per share, reflecting a 17% increase, and announced a $500 million share repurchase program [9][25] - The company is investing in a new manufacturing facility in Thailand, expected to be operational in early 2027 [25] Q&A Session Summary Question: Impact of memory costs on 2026 guidance - Management acknowledged pressure on memory costs but did not quantify the impact, emphasizing overall cost efficiency across the bill of materials [29][31] Question: Factors contributing to wearables growth - Management indicated that volume was the primary driver of growth in wearables, with minor impacts from average selling price [33][34] Question: Future of auto OEM business - Management discussed the need to achieve scale and invest in innovation, indicating a shift in R&D resources to accelerate product development [38][41] Question: Military exposure in aviation segment - Management confirmed that projects like the Black Hawk helicopter represent growth opportunities, utilizing commercial components for modernization [49][50] Question: Update on Connect Plus uptake - Management reported high conversion rates for the nutrition feature added to Connect Plus, indicating strong customer interest [51] Question: Timing of new product launches in outdoor segment - Management stated that many product launches are planned for the back half of the year, expecting stronger revenue in that period [44] Question: Ratable business growth priority - Management confirmed that while subscription-based business margins are higher, the focus remains on overall growth across all segments [95][96]

Core Insights - Apple is perceived as a stable investment amid AI-related market volatility, with its correlation to the Nasdaq 100 Index dropping to 0.21, the lowest in 20 years [2] - The company's AI strategy positions it as an outlier among tech giants, as it is not engaging in the same level of capital expenditures as its peers [7] Group 1: Market Position - Apple's low correlation with the Nasdaq indicates a unique market position, suggesting it may be insulated from the current AI-driven market fears [2][3] - Analysts believe that while Apple may have less potential for growth in a tech rebound, it is unlikely to be sold off due to its perceived insulation from AI disruptions [3] Group 2: AI Strategy and Product Development - Apple is reportedly accelerating the development of AI-powered wearable devices, including a pendant, AirPods, and smart glasses [8] - During a recent earnings call, Apple's CEO emphasized the integration of AI into its ecosystem, framing it as a way to enhance value across hardware and services [9][10]

In an ocean of artificial intelligence (AI)-related angst, Apple is reportedly offering investors a life preserver.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.That’s according to a report Wednesday (Feb. 18) fr ...

Core Insights - Garmin reported a Q4 2025 earnings beat with pro forma EPS of $2.79, exceeding the consensus estimate of $2.40 by 16% [1] - Revenue for Q4 reached $2.12 billion, marking a 16.6% year-over-year increase, with record revenue across all five business segments [1] - The company raised its dividend by 17% to $4.20 per share and announced a new $500 million share repurchase program [1] Financial Performance Highlights - Q4 2025 Revenue: $2.12 billion, up 16.6% from $1.82 billion in Q4 2024 [1] - Q4 2025 Net Income: $528.7 million, a 21.3% increase from $435.7 million in Q4 2024 [1] - Full-Year 2025 EPS: $8.56, reflecting a 16% year-over-year growth [1] - Operating Margin: 28.9%, an increase of 60 basis points from the previous year [1] Segment Performance - Fitness Segment Revenue: $765.8 million, up 42% due to strong demand and market share gains [2] - Marine Segment Revenue: $296.9 million, an 18% increase driven by growth in electronics [2] - Aviation Segment Revenue: $274.2 million, up 16% due to continued demand [2] - Outdoor Segment Revenue: $627.6 million, flat year-over-year [2] - Auto OEM Segment Revenue: $160.4 million, a 3% increase despite the wind-down of legacy programs [2] Guidance and Outlook - Garmin projects FY2026 revenue of approximately $7.9 billion, representing a 9% growth over 2025 [1] - Expected pro forma EPS for FY2026 is around $9.35, continuing the trend of double-digit earnings expansion [1] - Key assumptions include an effective tax rate of 16.0% and an operating margin of 25.5% [1] Capital Actions - The company announced a 17% increase in its dividend to $4.20 per share, pending shareholder approval [1] - A new $500 million share repurchase program has been authorized, replacing a previous $300 million program [1]

Berkshire's NYT Stake Looks Like New Abel, Not Old Buffett - Moby BREAKING NEWS Let's start with what portfolio management looks like when you're piloting $561 billion. You trim Apple by 4.3%, which sounds like discipline until you realize the remaining stake is still worth $61.96 billion. That's more than the entire market cap of Ford. Buffett has been shaving Apple for years now, methodically turning a concentrated bet into something merely enormous, and the stock gained 9% in 2025 while the S&P 500 ran ...

Core Viewpoint - Apple (AAPL) is showing potential as a stock pick due to its recent technical indicators and positive earnings estimate revisions Technical Analysis - AAPL has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders for its ability to smooth out price fluctuations and provide trend reversal signals [2] - AAPL's price moving above the 20-day SMA suggests a positive trend, while falling below could indicate a downward trend [2] Earnings Estimates - In the past two months, no earnings estimates for AAPL have been lowered, while 9 estimates have been raised for the current fiscal year, leading to an increase in the consensus estimate [3] - The positive revisions in earnings estimates strengthen the bullish case for AAPL [3] Recent Performance - AAPL has moved 7% higher over the last four weeks, indicating potential for another rally [4] - The company currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4]