Revenue: As of FY2025 Q2, the actual value is USD 1.815 B, beating the estimate of USD 1.705 B.EPS: As of FY2025 Q2, the actual value is USD 2.07, beating the estimate of USD 1.8595.EBIT: As of FY2025 Q2, the actual value is USD 480.25 M, beating the estimate of USD 410.43 M.<h3>Fitness Segment</h3><ul><li>Net Sales: $605.4 million for the 13-weeks ended June 28, 2025, a 41% increase YoY.</li><li>Gross Profit: $364.7 million, representing 60% of segment net sales, a 49% increase YoY.</li><li>Operating Income: $197.6 million, representing 33% of segment net sales, an 84% increase YoY.</li></ul><h3>Outdoor Segment</h3><ul><li>Net Sales: $490.4 million for the 13-weeks ended June 28, 2025, an 11% increase YoY.</li><li>Gross Profit: $324.4 million, representing 66% of segment net sales, a 14% increase YoY.</li><li>Operating Income: $157.9 million, representing 32% of segment net sales, a 16% increase YoY.</li></ul><h3>Aviation Segment</h3><ul><li>Net Sales: $249.4 million for the 13-weeks ended June 28, 2025, a 14% increase YoY.</li><li>Gross Profit: $185.5 million, representing 74% of segment net sales, a 15% increase YoY.</li><li>Operating Income: $63.4 million, representing 25% of segment net sales, a 26% increase YoY.</li></ul><h3>Marine Segment</h3><ul><li>Net Sales: $299.3 million for the 13-weeks ended June 28, 2025, a 10% increase YoY.</li><li>Gross Profit: $164.3 million, representing 55% of segment net sales, an 11% increase YoY.</li><li>Operating Income: $62.9 million, representing 21% of segment net sales, a 5% increase YoY.</li></ul><h3>Auto OEM Segment</h3><ul><li>Net Sales: $170.2 million for the 13-weeks ended June 28, 2025, a 16% increase YoY.</li><li>Gross Profit: $28.1 million, representing 17% of segment net sales, a 16% increase YoY.</li><li>Operating Loss: -$9.5 million, representing -6% of segment net sales, compared to -$11.6 million YoY.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $594.0 million for the first half of 2025, compared to $690.6 million for the first half of 2024.</li><li>Free Cash Flow: Not explicitly stated, but cash used in investing activities totaled -$246.1 million for the first half of 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Garmin Ltd. anticipates a decrease in cash outlays for income taxes in 2025 due to new U.S. tax legislation, with an estimated increase in the full-year effective tax rate by approximately 100 basis points.</li><li>Non-Core Business: The acquisition of MYLAPS, a company providing technology solutions for sports timing and performance analysis, was completed on July 15, 2025, but was not material.</li></ul>

Garmin | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 1.815 B