Garmin posts record Q1 revenue of $1.75B, EPS beats estimates, but keeps full-year outlook steady

Garmin reported a record first quarter with revenues of $1.75 billion, up 14% year-over-year, and earnings per share of $2.08, surpassing analyst expectations. The fitness segment led growth with a 42% sales increase and gained market share. However, the sustainability of this growth through 2027 is uncertain due to challenging comparisons. Despite strong results, Garmin maintained its full-year guidance, and its valuation appears high at 26 times forward earnings. The analyst recommends holding the stock and suggests buying on a price dip to the $210–220 range for better risk and reward balance.