GRMN Q3 2025 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q3 2025 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.8B+11.7% YoY

Gross Profit

$1.0B59.1% margin

Operating Income

$457M25.8% margin

Net Income

$402M22.7% margin

EPS (Diluted)

$2.08

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$486M

Free Cash Flow

$425M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$10.5B

Total Liabilities

$2.0B

Stockholders' Equity

$8.5B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.6B	+11.7%
Gross Profit	$1.0B	$952M	+10.0%
Operating Income	$457M	$437M	+4.4%
Net Income	$402M	$399M	+0.6%

Revenue Segments

Fitness

$601M34%

Outdoor

$498M28%

Marine Segment

$267M15%

Aviation

$240M14%

Automotive Mobile

$165M9%

Geographic Segments

Americas

$796M45%

EMEA

$693M39%

Asia Pacific

$283M16%