Garmin Ltd.: Garmin reported $7.25 billion in fiscal 2025 revenue, $1.66 billion in net income, and about 23,000 employees. CEO Clifton A. Pemble leads the NYSE-listed company.
Garmin Revenue and Profit
Fiscal 2025 revenue was $7.25 billion, up from $6.30 billion in fiscal 2024. Net income was $1.66 billion, and the company reported approximately 23,000 full and part-time employees worldwide.
How Garmin Makes Money
Garmin makes money by selling specialized hardware and connected software across fitness, outdoor, aviation, marine, and auto OEM markets. Its economics are strongest where buyers value reliability, battery life, mapping, sensor accuracy, and regulated or safety-critical use cases more than general-purpose app ecosystems.
Why Garmin Matters
Garmin's strategic discipline is unusual: it does not need to be the broadest smartwatch company to win. It needs to be the most trusted device for athletes, pilots, boaters, cyclists, and outdoor users when battery life and reliability matter.
