Garmin's stock (NYSE:GRMN) surged 5.73% in pre-market trading on Wednesday following the release of its impressive second-quarter earnings report and an upward revision of its full-year 2025 guidance.
The company reported a stellar performance for Q2 2025, with adjusted earnings per share of $2.17, significantly surpassing the analyst consensus estimate of $1.89. This represents a 37.34% increase from the $1.58 per share reported in the same period last year. Garmin's quarterly sales also exceeded expectations, reaching $1.815 billion, a 20.44% year-over-year increase and beating the analyst consensus estimate of $1.696 billion.
Following these strong results, Garmin raised its fiscal year 2025 outlook. The company now expects adjusted earnings per share of $8.00, up from its previous guidance of $7.80. Additionally, Garmin increased its revenue forecast for FY2025 to $7.10 billion, up from the earlier projection of $6.85 billion. Both these figures are above current analyst expectations, signaling confidence in the company's continued growth and profitability. The positive earnings surprise and improved outlook have clearly resonated with investors, driving the stock's pre-market rally.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.