Overview
- Fourth-quarter revenue reached $2.12 billion, up 17%, with operating margin at 28.9%, operating income of $614 million, GAAP EPS of $2.73 and pro forma EPS of $2.79.
- Full-year 2025 revenue hit a record $7.25 billion with more than 20 million units shipped and operating margin expanding to 25.9%.
- For 2026, the company guided to about $7.9 billion in revenue and adjusted earnings of $9.35 per share, both above LSEG-tracked consensus reported by Reuters.
- Fitness led the quarter as segment revenue rose 42% to roughly $766 million on demand for Venu 4 and Bounce 2, with marine and aviation also delivering double-digit growth.
- Financial outlets reported a proposed 17% increase in the annual dividend to $4.20 and a $500 million share repurchase authorization, as Garmin also highlighted new GPSMAP 9000xsv chartplotters, AI-powered nutrition features in Garmin Connect+, a Truemed HSA/FSA option and five CES 2026 awards.