Finance
Garmin lifts 2025 results forecast on strong product lineup
Published by Global Banking and Finance Review
Posted on July 30, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 30, 2025
2 min readLast updated: January 22, 2026
Garmin raises its 2025 revenue forecast to $7.1 billion, citing strong demand for its fitness devices and smartwatches. Shares rose 5.5% as second-quarter revenue exceeded expectations.
(Reuters) -Garmin raised its annual results forecast on Wednesday, banking on strong demand for its GPS-enabled fitness devices and smartwatches.
Shares of the company jumped about 5.5% in premarket trading.
The fitness device maker is benefiting from a strong product lineup, including flagship smartwatches and a range of cycling and indoor training equipment.
The raised forecast marks a recovery from the previous quarter when the Swiss company, which has manufacturing operations in Taiwan, the Netherlands, Poland, China and the U.S., missed profit estimates amid tariff-led uncertainty.
Garmin's high-end wearables cater to professional and niche markets, including defense and sports.
The company now expects full-year revenue of about $7.1 billion, compared with $6.80 billion earlier.
Garmin, which competes with Apple and Samsung in the wearables market, posted second-quarter revenue of $1.81 billion, beating analysts' average estimate of $1.70 billion, according to data compiled by LSEG.
Revenue from its auto original equipment manufacturer segment rose 16% to $170.1 million from a year ago.
The company posted quarterly per share profit of $2.17 on an adjusted basis, beating estimates of $1.89.
(Reporting by Kritika Lamba in Bengaluru; Editing by Sahal Muhammed)
GPS-enabled devices are electronic devices that use the Global Positioning System to determine their location and provide navigation assistance.
A smartwatch is a wearable device that combines the functionality of a traditional watch with advanced features like fitness tracking, notifications, and connectivity to smartphones.
Explore more articles in the Finance category
