Garmin Ltd. (GRMN) Announced Q4 2025 Earnings on February 18, 2026, Reporting Fourth Quarter Consolidated Revenue of more than $2.1 Billion

Garmin Ltd. reported "record consolidated revenue" for the fourth quarter of 2025, with "consolidated revenue increased 17% to more than $2.1 billion". The company achieved "record fourth quarter operating income of $614 million" and "record pro forma EPS of $2.79". For the full year 2025, Garmin reported "consolidated revenue increased 15% to $7.25 billion" and "operating margin expanded by 60 basis points to 25.9%". Management noted that "gross margin was 58.7%" for the full year, which they described as a "significant achievement considering the impact of generationally high tariff structures".

Business updates highlighted growth across segments, with "strong double-digit revenue growth in 3 business segments" during the quarter. Management reported that "Fitness revenue increased 33% to $2.36 billion" for the year, driven by "wearables as we continue to benefit from both market share gains and market growth". In the Auto OEM segment, the company announced a program with "Mercedes-Benz" that "will broadly apply across their portfolio of passenger car models". Additionally, the Aviation segment saw the "Garmin G5000H cockpit system" selected for the "Brazilian Air Force UH-60 Black Hawk helicopter".

Looking ahead to 2026, Garmin anticipates "revenue to increase approximately 9% to $7.9 billion" and expects "operating income to exceed $2 billion for the first time". The company also provided guidance for "pro forma earnings per share approximately $9.35". Management addressed supply chain concerns, noting that their guidance considers "recent cost pressures on memory components".