Financial Performance - Garmin achieved record third quarter consolidated revenue and operating income[6] - Consolidated revenue reached $1.77 billion, a 12% year-over-year increase[5] - Operating income was $457 million, a 4% year-over-year increase[5] - GAAP EPS was $2.08, a $0.01 increase year-over-year[17] Segment Performance - Fitness segment revenue grew by 30% year-over-year to $601 million, with an operating income of $194 million and a 32% operating margin[7] - Aviation segment revenue increased by 18% year-over-year to $240 million, with an operating income of $61 million and a 25% operating margin[11] - Marine segment revenue grew by 20% year-over-year to $267 million, with an operating income of $49 million and a 19% operating margin[14] - Outdoor segment revenue declined by 5% year-over-year to $498 million, with an operating income of $170 million and a 34% operating margin[9, 10] - Auto OEM segment revenue declined by 2% year-over-year to $165 million, with an operating loss of $17 million and a (10%) operating margin[15] Financial Position - Cash and marketable securities totaled $3.92 billion[22] - Accounts receivable was $956 million[22] - Inventory was $1.89 billion[22] - Free cash flow was $425 million[22] Guidance - The company is raising 2025 EPS guidance[6] - Revenue guidance for 2025 is $7.1 billion[23]

Financial Performance - Consolidated revenue for Q2 2025 reached $181 billion, a 20% year-over-year increase[5] - Operating income for Q2 2025 was $472 million, a 38% year-over-year increase[7] - GAAP EPS for Q2 2025 was $207, a 33% year-over-year increase[18] - Pro Forma EPS for Q2 2025 was $217, a 37% year-over-year increase[18] Segment Performance - Fitness segment revenue for Q2 2025 was $605 million, a 41% year-over-year increase, with an operating income of $198 million[8] - Outdoor segment revenue for Q2 2025 was $490 million, an 11% year-over-year increase, with an operating income of $158 million[11] - Aviation segment revenue for Q2 2025 was $249 million, a 14% year-over-year increase, with an operating income of $63 million[12] - Marine segment revenue for Q2 2025 was $299 million, a 10% year-over-year increase, with an operating income of $63 million[14] - Auto OEM segment revenue for Q2 2025 was $170 million, a 16% year-over-year increase, with an operating income of -$10 million[16] Financial Position - Cash and marketable securities totaled $387 billion[23] Guidance - The company raised its 2025 revenue guidance to $71 billion[7,24]