Garmin’s Big Q3 Surprise: Record Sales Surge, but Stock Plummets – What’s Next?
Garmin Q3 2025 Earnings Beat Expectations Garmin’s Oct. 29 press release showed record Q3 sales of ≈$1.77 billion prnewswire.com, up 12% from a year ago. CEO Cliff Pemble lauded “another quarter of strong financial results” with double-digit revenue growth in multiple segments uk.investing.com. Adjusted profit was $1.99 per share (versus $1.98 expected) uk.investing.com. On a GAAP basis EPS was $2.08 prnewswire.com, essentially flat YoY. The strong demand came despite a slowing economy, reflecting Garmin’s diverse portfolio (fitness wearables, marine and aviation equipment, etc.). Notably, Garmin reiterated bullish guidance: it now expects about $8.15 EPS for FY2025 on roughly $7.10 billion revenue timesunion.com