FINHUB Insights

GRMN · Q2 FY25 · Mar 30 – Jun 28, 2025

Garmin Q2 FY25: where the revenue came from and where it went

Garmin Q2 FY25: revenue $1.8B (+20% year over year). Net profit $0.4B. Largest cohort Transferred At Point in Time $1.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Mar 30 – Jun 28, 2025
Reported
Jul 30, 2025 10-Q
Sankey diagram of Garmin's income statement for Q2 FY25: revenue of $1.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.8B +20% year over year
Gross profit$1.1B 59% margin
Operating profit$0.5B 26% margin
Net profit$0.4B 22% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 28, 2025).
ItemValueShare of revenueYear over year
Revenue 1.8 100% +20%
Transferred At Point in Time 1.7 94% +21%
Transferred Over Time 0.1 6% +5%
Cost of revenue−0.739%
Gross profit1.159% margin+2pp
Research & development−0.315%−1pp
SG&A−0.318%−1pp
Operating profit0.526% margin+3pp
Tax−0.1
Net profit0.422%+2pp
Filing on EDGAR More quarters of GRMN

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters