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International Markets and Garmin (GRMN): A Deep Dive for Investors

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Have you looked into how Garmin (GRMN - Free Report) performed internationally during the quarter ending September 2025? Considering the widespread global presence of this maker of personal navigation devices, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.

In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.

International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.

While analyzing GRMN's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.

The company's total revenue for the quarter stood at $1.77 billion, increasing 11.7% year over year. Now, let's delve into GRMN's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

Unveiling Trends in GRMN's International Revenues

EMEA generated $692.56 million in revenues for the company in the last quarter, constituting 39.1% of the total. This represented a surprise of +10.35% compared to the $627.62 million projected by Wall Street analysts. Comparatively, in the previous quarter, EMEA accounted for $677.4 million (37.3%), and in the year-ago quarter, it contributed $612.66 million (38.6%) to the total revenue.

Of the total revenue, $282.72 million came from APAC during the last fiscal quarter, accounting for 16%. This represented a surprise of -2.38% as analysts had expected the region to contribute $289.61 million to the total revenue. In comparison, the region contributed $259.15 million, or 14.3%, and $248.79 million, or 15.7%, to total revenue in the previous and year-ago quarters, respectively.

Anticipated Revenues in Overseas Markets

For the current fiscal quarter, it is anticipated by Wall Street analysts that Garmin will post revenues of $2.02 billion, which reflects an increase of 10.6% the same quarter in the previous year. The revenue contributions are expected to be 35.6% from EMEA ($717.46 million), and 15.4% from APAC ($310.16 million).

Analysts expect the company to report a total annual revenue of $7.13 billion for the full year, marking an increase of 13.2% compared to last year. The expected revenue contributions from EMEA and APAC are projected to be 36.3% ($2.59 billion), and 15.1% ($1.08 billion) of the total revenue, in that order.

Key Takeaways

Garmin's leaning on foreign markets for its revenue stream presents a mix of chances and challenges. Therefore, a vigilant watch on its international revenue movements can greatly aid in projecting the company's future direction.

In an environment where global interconnections and geopolitical skirmishes are intensifying, Wall Street analysts keep a keen eye on these trends, particularly for firms with overseas operations, to adjust their earnings predictions. Moreover, a range of other aspects, including how a company fares in its home country, significantly affects these projections.

Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.

The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.

Garmin, bearing a Zacks Rank #2 (Buy), is expected to outperform the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Assessing Garmin's Stock Price Movement in Recent Times

The stock has witnessed a decline of 16.8% over the past month versus the Zacks S&P 500 composite's an increase of 2.4%. In the same interval, the Zacks Computer and Technology sector, to which Garmin belongs, has registered an increase of 6.6%. Over the past three months, the company's shares saw a decrease of 7.9%, while the S&P 500 increased by 8.2%. In comparison, the sector experienced an increase of 16.5% during this timeframe.


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