Garmin’s Big Q3 Surprise: Record Sales Surge, but Stock Plummets – What’s Next?
Garmin posted Q3 revenue of about $1.77–$1.8 billion, up 12% year-over-year, with GAAP EPS at $2.08, narrowly topping estimates. Shares fell nearly 7% on Oct. 29 after revenue missed consensus. Management raised 2025 guidance to $8.15 EPS and $7.10 billion revenue. Strava filed a patent suit Sept. 30, seeking to block Garmin’s use of certain fitness features.