Garmin (GRMN) Q2 FY25 earnings call

Garmin delivered a record-setting second quarter, outperforming expectations with strong double-digit growth across all segments, particularly in Fitness. The company raised its full-year outlook, reflecting robust demand for its differentiated products and resilient consumer spending. Strategic investments in inventory and the MYLAPS acquisition are expected to support future growth, though they contribute to higher operating expenses and a temporary dip in free cash flow.