Guidance raised at Garmin as aviation and marine demand steadies

After reviewing year-to-date performance, Garmin increased its profit outlook, supported by sustained demand in aviation and marine and improved product mix. Management reported gross-margin expansion despite higher operating expenses, citing cost controls and component availability. New avionics certifications, autopilot upgrades, and service subscriptions helped offset softer trends in fitness and automotive categories. Executives emphasized disciplined inventory and ongoing platform refreshes across wearables, cycling, and chartplotters. Analysts noted the guidance lift underscores pricing power and a stable order book across premium navigation electronics, even as broader technology peers face mixed consumer spending.