Garmin Ltd. has announced its results for the fourth quarter of 2025, which saw record consolidated revenue and significant growth across various segments. The company's strategic focus on market diversification and product innovation has been key to its success in 2025. This approach has enabled Garmin to build a strong foundation for future growth and expansion.
["The fitness segment was a standout performer in the fourth quarter, with revenue increasing by 42% due to strong demand for wearables. Gross margins were 59%, resulting in $257 million of operating income. This increase is attributed to market share gains and growth in the market as a whole. Garmin's collaboration with healthcare payments provider Truemed has also been successful, allowing customers to use pre-tax HSA/FSA funds for qualifying purchases of select Garmin products.", ["The outdoor segment saw revenue remain flat compared to the prior year quarter, but still delivered significant operating income of $234 million. The launch of new products such as the Garmin DriveTrack 72 and inReach Mini 3 Plus satellite communicator has been well-received by customers. These innovative products demonstrate Garmin's commitment to exploring new product categories and developing groundbreaking technologies.", ["The aviation segment experienced a 16% increase in revenue during the fourth quarter, driven by growth in both OEM and aftermarket product categories. Gross margins were 76%, resulting in $85 million of operating income. The launch of new aviator smartwatches with cockpit connectivity has been successful, and Garmin's advanced cockpit systems have been selected for several military modernization programs.", ['The marine segment saw revenue increase by 18% in the fourth quarter, driven by growth across multiple categories led by chartplotters. Operating margins were 52%, resulting in $52 million of operating income. The launch of new chartplotter products and Garmin OnBoard man overboard solution has been well-received by customers.', ['The auto OEM segment saw revenue decrease by 3% during the fourth quarter, primarily due to legacy programs approaching end-of-life. However, growth in recent BMW domain controller program helped offset this decline. Operating loss of $14 million was recorded in the quarter.', ["Garmin's strategic focus on innovation and market diversification has been key to its success in 2025. The company's commitment to exploring new product categories and developing groundbreaking technologies has enabled it to build a strong foundation for future growth and expansion. This approach will likely continue to drive Garmin's success in the coming years.", ["The company's recent collaborations with Meta and other partners demonstrate its ability to adapt to changing market trends and explore new opportunities. As Garmin continues to innovate and expand its product offerings, it is likely to remain a leader in the technology industry.", ["Overall, Garmin's record revenue in 2025 is a testament to the company's commitment to innovation and customer satisfaction. With its strong foundation for future growth and expansion, Garmin is well-positioned to continue delivering value to its customers and stakeholders."]]]]]]]]
