07:56 AM EDT, 04/30/2025 (MT Newswires) -- Garmin ( GRMN ) reported Q1 non-GAAP earnings Wednesday of $1.61 per diluted share, up from $1.42 a year earlier.

Analysts polled by FactSet expected $1.67.

Net sales for the quarter ended March 29 were $1.54 billion, up from $1.38 billion a year earlier.

Three analysts surveyed by FactSet expected $1.52 billion.

The company reaffirmed its 2025 non-GAAP EPS estimate of $7.80, while it raised its revenue outlook to about $6.85 billion from $6.80 billion. Analysts polled by FactSet expect $7.92 and $6.84 billion, respectively.

Shares of the company were down 6.3% in recent Wednesday premarket activity.