Garmin Reports Strong Q2 Growth, Driven by Marine and Wearable Tech Sales
Garmin has posted robust financial results for the second quarter of 2025, with double-digit revenue growth reported across all business segments—including a notable 10% gain in the marine division. Consolidated revenue for the quarter reached $1.81 billion, up 20% compared to Q2 of 2024.
The company’s marine segment, which includes chartplotters, radars, and marine audio systems, delivered $63 million in operating income. Garmin attributed this success in part to recent product launches, such as the GPSMAP 15×3 series, the new Fusion Apollo RA800 marine stereo, and the Quatix 8 smartwatch—each designed to enhance the boating and cruising experience.
“We delivered another quarter of outstanding financial results with double-digit growth in every segment,” said Cliff Pemble, Garmin’s president and CEO. “Our strong lineup of innovative and highly differentiated products continues to resonate with customers.”
Fitness, outdoor, and aviation segments also reported strong performance, while the company’s automotive OEM division marked a milestone with the shipment of its one-millionth BMW domain controller, despite a small operating loss.
Based on these results, Garmin has raised its full-year revenue guidance for 2025 to $7.1 billion and expects pro forma earnings per share of $8.00. The next quarterly dividend of $0.90 per share is scheduled for September 26, 2025.
Garmin also completed its acquisition of Mylaps, a sports timing and analytics company, further expanding its reach in the performance technology sector.
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