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Watch out Apple Watch — Garmin is seeing a huge surge of interest right now
Watch out Apple Watch — Garmin is seeing a huge surge of interest right now

Tom's Guide

time01-08-2025

  • Business
  • Tom's Guide

Watch out Apple Watch — Garmin is seeing a huge surge of interest right now

Garmin just reported a record-breaking quarter for its fitness wearables with sales jumping 41% compared to last year, hitting $605 million in revenue for the segment in Q2 2025 alone. But what's behind this surge? It seems it's not just the usual hardcore athletes snapping up the latest gear. Instead, Garmin is winning over a whole new crowd of wearable buyers, from casual fitness fans to wellness seekers, thanks to an expanding lineup of best Garmin watches featuring newer models with updated features that offer a blend of style and smarter health tracking. For years, Garmin was known for rugged, data-rich watches built for marathoners, triathletes, and outdoor adventurers. But that's changing. The brand's newer devices, like the sleek Venu X1 with its 2-inch AMOLED display and the compact Lily 2 Active, offer a more accessible, lifestyle-friendly experience. The Garmin Venu X1 features a sleek, lightweight design, a bright 2-inch AMOLED touchscreen, built-in GPS, heart rate monitoring, sleep tracking, and personalized fitness plans. It's a stunner of a watch for both style and performance. Garmin has also entered new categories with products like the Index Sleep Monitor, its first smart sleep band, designed to help users improve sleep quality and track recovery metrics, minus a big watch display. These developments appear to be driving strong results. Garmin's fitness segment revenue increased 41 percent year-over-year to $605 million, while operating income rose 84 percent to $198 million, representing the largest gain among all divisions. The company credits the growth to high demand for its latest wearables. As CEO Cliff Pemble said, 'We delivered another quarter of outstanding financial results with double-digit growth in every segment, driven by our strong lineup of innovative and highly differentiated products that customers desire.' What's next for Garmin? For now, the focus will most likely be on maintaining momentum and meeting users' evolving needs. But then again, we're always hoping to see a shiny new smartwatch or two... Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.

Garmin isn't rushing to make smart glasses.
Garmin isn't rushing to make smart glasses.

The Verge

time30-07-2025

  • Business
  • The Verge

Garmin isn't rushing to make smart glasses.

Posted Jul 30, 2025 at 4:00 PM UTC Garmin isn't rushing to make smart glasses. In its Q2 2025 earnings call, Garmin CEO Cliff Pemble says, 'Glasses have come and gone once, and the utility and concerns around the use of those have always come up in the context.' He went on to say it's a 'wait and see thing.' He's not wrong. Privacy is still a major concern with smart glasses. But frankly, Garmin is probably happy enough with another gangbusters quarter in fitness, logging a 41 percent increase year-over-year. Garmin announces second quarter 2025 results [ Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Victoria Song Senior Reviewer, Wearable Tech Posts from this author will be added to your daily email digest and your homepage feed. See All by Victoria Song Posts from this topic will be added to your daily email digest and your homepage feed. See All Fitness Posts from this topic will be added to your daily email digest and your homepage feed. See All Gadgets Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Smartwatch Posts from this topic will be added to your daily email digest and your homepage feed. See All Wearable

Bad news for Garmin users — future features could go behind the Connect+ paywall, according to CEO
Bad news for Garmin users — future features could go behind the Connect+ paywall, according to CEO

Tom's Guide

time08-05-2025

  • Business
  • Tom's Guide

Bad news for Garmin users — future features could go behind the Connect+ paywall, according to CEO

When Garmin Connect+ launched earlier this year Garmin stressed that all the existing features available in its app would remain free to users. Given that the features you do get with Garmin Connect+ have thus far underwhelmed, it wasn't a great hardship to skip the subscription entirely. However, the fear Garmin users had was that future features would end up locked behind the Garmin Connect+ paywall, and that fear may have just been confirmed by Garmin's CEO. Speaking during Garmin's Q1 2025 earnings call CEO Cliff Pemble spoke about Connect+ and the features it might get in the future, saying, 'certain ones, we will likely reserve for premium offerings.". While Garmin Connect+ certainly does need some new features to make it worth the outlay, if it becomes a requirement to get the most from a watch then that's bad news for Garmin users who have already spent a lot of money on a watch. Pemble's also spoke about how Garmin Connect+ had been received by Garmin users, saying that the response 'had been positive', which is a surprise to me. Notwithstanding the fact that introducing a paid subscription rarely, if ever, goes down well, Garmin users seemed particularly outraged by the arrival of Connect+. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. This is partly down to the fact the best Garmin watches like the Garmin Fenix 8 cost more than $1,000, meaning the idea of paying an extra $6.99 a month to unlock features is galling. Even if you opt for a cheaper model like the Garmin Forerunner 165, part of the appeal of using a Garmin in the past has been that you don't have to pay more once you've bought the watch. Furthermore, Garmin Connect+ hasn't drawn very positive reviews from those who have used it. The AI-based Active Intelligence feature in particular is yet to provide any useful insights, in my experience. Once Garmin Connect+ was introduced it was inevitable that future features would end up behind its paywall, and if the service is to be a success it does need some more useful features than it currently has. Subscription services are only likely to become more common with the best sports watches, unfortunately. However so far Suunto and Coros haven't introduced one to use with their devices. The core experience of tracking and analyzing your training will remain free across the board I would expect, and it's still an excellent experience with Garmin. However, if we read the tea leaves, it's likely that when interesting new Garmin features launch in the future, some are likely to cost you.

Garmin users should start bracing for more subscription-only features
Garmin users should start bracing for more subscription-only features

Android Authority

time07-05-2025

  • Business
  • Android Authority

Garmin users should start bracing for more subscription-only features

Since the launch of Connect Plus in March, Garmin users have been worried about the future of their devices. These users aren't just upset about the mere introduction of a subscription service; there's a palpable concern about what this paywall could mean for new features going forward. A recent earnings call appears to show that there may be some substance behind these fears. Garmin recently conducted an earnings call for the first quarter of 2025. During this call, the company announced an 11% improvement year on year, netting earnings of $1.54 billion. On top of that, Garmin reached a record $330 million in operating income. Around the 16:30 minute mark, the call was opened up for questions. When asked about the launch of Connect Plus and why the decision was made, CEO Cliff Pemble stated: I think we've been saying for a while that we are evaluating opportunities to have a premium offering on Garmin Connect. I think the developments of AI and particularly around AI-based insights for our users was one of those things that we felt was important to recognize the value for the investment that it takes to do. Pemble went on to mention that the company 'felt like it was the right time' and added that they have not taken away any previously free features. Although the smartwatch maker may not have any plans to take away previously free features, Pemble seemed to confirm what users have been worried about over the last few weeks.

Why Investors Are Running From Garmin Stock Today
Why Investors Are Running From Garmin Stock Today

Yahoo

time30-04-2025

  • Business
  • Yahoo

Why Investors Are Running From Garmin Stock Today

Garmin raised full-year revenue guidance after a record first quarter. Investors may be focusing on an expected dip in profit margin. Garmin has built a robust cash position that represents 11% of its market cap. Garmin (NYSE: GRMN) this morning reported record first-quarter revenue that jumped 11% year over year. Bottom-line profits grew even faster at 13%. The maker of GPS-enabled devices even boosted revenue guidance for the year. So investors might be wondering why the stock plunged by as much as 12.6% Wednesday morning. While it recovered some of that drop, Garmin shares were still down by 9% as of 3:15 p.m. ET. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Garmin had a strong quarter by most accounts. Revenue beat consensus estimates and the new guidance exceeds current analyst expectations for full-year revenue. Management noted "a continuation of the positive business trends" it's been experiencing over the longer term. But it didn't raise net income guidance due to an expected slide in profit margin. That's due to a current assumption of $100 million of increased costs due to tariff impacts. While the tariff situation is fluid, Garmin management is taking a conservative approach for investors. Its assumptions are based on "tariff structures that are most likely to impact Garmin," CEO Cliff Pemble said on the earnings call. About 25% of Garmin's sales in the U.S. are generated from products manufactured outside the country, mostly at its Taiwan facilities. While it is currently benefiting from temporary tariff exemptions, guidance is not based on those exemptions remaining. That could lead to potential upside should existing exemptions be made permanent. Today's drop has the stock down almost 15% in the last month. It also means shares are trading at a price-to-earnings (P/E) ratio of about 23.5 based on 2025 earnings estimates. That's below the average of the past year of about 26. As mentioned, Garmin's business remains strong. It achieved double-digit year-over-year sales growth in three of its five segments. That's after a very strong 2024 when revenue soared by 20% overall. The company has no debt and a strong cash position that represents about 11% of its market cap. It easily covered its dividend payment with free cash flow in the first quarter. Today's drop looks like a good opportunity for buy-and-hold investors. Before you buy stock in Garmin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Garmin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $607,048!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $668,193!* Now, it's worth noting Stock Advisor's total average return is 880% — a market-crushing outperformance compared to 161% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Howard Smith has positions in Garmin. The Motley Fool has positions in and recommends Garmin. The Motley Fool has a disclosure policy. Why Investors Are Running From Garmin Stock Today was originally published by The Motley Fool Sign in to access your portfolio

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