GRMN Garmin
Q3 2025 10-Q
Filed: Oct 29, 2025Period ending Sep 27, 2025
Health Care
Search, Detection, Navigation, Guidance, Aeronautical SysSEC EDGAR Garmin (GRMN) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 27, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
AI Filing AnalysisQ3 2025 10-Q
Management Discussion & Analysis
- • Q3 revenue $1.771B, up 12% YoY from $1.586B; fitness grew 30% to $601M, outdoor declined 5% to $498M
- • Operating margin 25.8% vs 27.6% YoY; fitness margin steady ~32.2%, outdoor margin down 190 bps due to costs
Risk Factors
- • New risk: Updated trade regulation risks due to more volatile international trade environment impacting operations and economics
- • Most materially updated: Increased tariffs or duties on imports from Taiwan and China now emphasized, possibly raising costs significantly
Quarterly Financial SummaryXBRL
Revenue
$1.8B
▲ +11.7% YoY▼ -2.4% QoQ
Net Income
$402M
▲ +0.6% YoY▲ +0.2% QoQ
Gross Margin
59.1%
▼ -91bp YoY▲ +29bp QoQ
Operating Margin
25.8%
▼ -179bp YoY▼ -23bp QoQ
Net Margin
22.7%
▼ -249bp YoY▲ +59bp QoQ
ROE
4.7%
Total Assets
$10.5B
EPS (Diluted)
$2.08
▲ +0.5% YoY▲ +0.5% QoQ
Operating Cash Flow
$486M
▲ +88.3% YoY▲ +180.4% QoQ
Source: XBRL data from Garmin Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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