Garmin Ltd. has reported its financial results, revealing a notable increase in net income for the 13-week period ended June 28, 2025. The company's GAAP net income reached $400.8 million, up from $300.6 million in the same period of 2024. Over the 26-week period ending June 28, 2025, Garmin's net income was $733.6 million, compared to $576.6 million in the previous year. The results also highlighted foreign currency gains, which impacted the financial figures, with a gain of $23.5 million recorded for the 13-week period ended June 28, 2025. After accounting for the tax effect of foreign currency gains and losses, Garmin's pro forma net income for the 13-week period was $420.4 million, compared to $304.6 million in 2024. Garmin Ltd. has not provided specific guidance or outlook related to its future financial performance within the document.
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.