Garmin Sees 10.4% Revenue Growth to $2.01B with $2.39 EPS Forecast
Garmin will report Q4 2025 earnings on Feb. 18 with consensus EPS of $2.39, down 0.8% year-over-year, and revenue projected at $2.01 billion, up 10.4% year-over-year. Segment forecasts include $702.4 million Fitness, $601.9 million Outdoor, $297.3 million Marine (+18.3%), $254.9 million Aviation and $156.1 million Auto OEM revenues.
1. Q4 Earnings Preview
Garmin is scheduled to release fourth-quarter 2025 results before market open on February 18. The consensus estimate for EPS is $2.39, reflecting a 0.8% decline from last year, while revenue is expected to reach $2.01 billion, a 10.4% increase year-over-year.
2. Segment Revenue Estimates
Analysts project the Fitness segment will generate $702.38 million, Outdoor $601.92 million, Marine $297.28 million (up 18.3% year-over-year), Aviation $254.95 million, and Auto OEM $156.10 million. Growth drivers include advanced wearables with Google Maps integration, new outdoor and marine hardware, expanded aviation certifications, and rising shipments to BMW.
3. Earnings Surprise History and Beat Odds
In the past four quarters Garmin exceeded consensus in three reports, averaging an 8.3% EPS surprise, with one miss. The company holds a Zacks Rank #3 and an Earnings ESP of 0.00%, indicating limited upside probability for an earnings beat this season.