Garmin reported its financial results for the second quarter. The company recorded consolidated revenue of $1.81 billion, up 20% from the same period last year. Gross margin improved to 58.8% and operating margin rose to 26.0%, both higher than the previous year.
Operating income reached $472 million, showing a 38% increase year-over-year. Earnings per share (EPS) were $2.07 on a GAAP basis, while pro forma EPS stood at $2.17, marking a 37% rise compared to the same quarter in 2024.
During the quarter, Garmin introduced new products, including the Forerunner 570 and 970, with updated training and recovery features. The company also launched SmartCharts, aimed at simplifying terminal procedures for pilots using aviation data.
Garmin’s Autoland system was certified for use in the Cirrus SR Series G7+, marking its first application in a piston-powered aircraft.
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