Garmin beats Q1 expectations with double-digit revenue growth

2 articles · Updated · Seeking Alpha · Apr 29

First-quarter revenue rose 14% to $1.75bn and net income jumped to $405.1m, while pro forma earnings reached $2.08 a share.
Growth was led by a 42% rise in fitness revenue, with aviation and marine also advancing, helping the company beat estimates on both sales and profit.
Strong demand for fitness smartwatches and wearables offset a 5% decline in the outdoor segment, extending Garmin's broad-based momentum across key product categories.

With its Outdoor segment declining, what new products will revive Garmin's second-largest business?

Why is Garmin's in-car tech segment lagging while other divisions are booming?

Can Garmin's niche fitness strategy fend off giants like Apple long-term?

As aviation modernizes, how will Garmin dominate the multi-billion dollar avionics market?

How does Garmin's user privacy protection compare to its tech rivals?

Garmin's health tracking is advancing, but what are the real barriers to FDA approval?