Garmin (GRMN) Q1 FY25 earnings call

Garmin delivered record first-quarter results, driven by strong demand for wearables and automotive OEM products, despite a dynamic global trade environment. The company updated its full-year guidance to reflect Q1 performance, incorporating an estimated $100 million tariff impact largely offset by favorable foreign currency and planned mitigations, maintaining its EPS outlook. Management remains optimistic due to its diversified business model and product lines.