Short answer
Garmin (GRMN) filed its Q1 2025 10-Q quarterly report on Apr 30, 2025 for the quarter ended Mar 29, 2025. Quarterly revenue was $1.5B (up 11.1% year over year) with net income of $333M.
Q1 2025 key financials · XBRL
- Revenue
- $1.5B
- +11.1% YoY
- Net income
- $333M
- +20.6% YoY
- Operating margin
- 21.7%
- Gross margin
- 57.6%
- EPS (diluted)
- $1.72
- +20.3% YoY
Source: XBRL data from the Garmin (GRMN) Q1 2025 10-Q on SEC EDGAR. USD.
Garmin Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: heightened trade regulation uncertainties triggered by evolving international trade environment and potential tariff changes on goods from Taiwan, China
- Materially updated risk: increased exposure to tariffs based on customs reclassification of imported goods impacting cost structure and margins
- Regulatory risk: unpredictable customs authorities’ reclassification decisions could raise tariffs or duties, affecting import costs and supply chain stability
- Operational risk: reliance on diversified manufacturing and sourcing jurisdictions exposes supply chain to trade restrictions and unpredictable tariff impacts
- Financial risk: potential tariff-induced cost increases threaten profitability and financial results through higher duties on imported goods
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Garmin quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.