Garmin Ltd. Reports 20% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Sales, Exceeding Expectations
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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Garmin Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-099874), on July 30, 2025, and is solely responsible for the information contained therein.
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