GARMIN LTD
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GRMN Q1 2026 request
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/api/financials?ticker=GRMN&year=2026&quarter=1
Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 1,753,489 | 1,535,099 | +14.2% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 170,280 | 169,329 | +0.6% |
| Aviation Segment [Member] | 263,841 | 223,114 | +18.3% |
| Fitness Segment [Member] | 546,822 | 384,722 | +42.1% |
| Marine Segment [Member] | 355,016 | 319,438 | +11.1% |
| Outdoor Segment [Member] | 417,530 | 438,496 | -4.8% |
Show Geography breakouts |
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| Americas | 821,629 | 745,733 | +10.2% |
| Asia Pacific | 275,016 | 220,413 | +24.8% |
| EMEA | 656,844 | 568,953 | +15.4% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred At Point In Time | 1,669,138 | 1,453,353 | +14.8% |
| Transferred Over Time | 84,351 | 81,746 | +3.2% |
| Cost of Revenue | 711,200 | 650,554 | +9.3% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 139,141 | 139,297 | -0.1% |
| Aviation Segment [Member] | 66,532 | 55,212 | +20.5% |
| Fitness Segment [Member] | 208,300 | 164,580 | +26.6% |
| Marine Segment [Member] | 157,640 | 135,505 | +16.3% |
| Outdoor Segment [Member] | 139,587 | 155,960 | -10.5% |
| Gross Profit | 1,042,289 | 884,545 | +17.8% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 31,139 | 30,032 | +3.7% |
| Aviation Segment [Member] | 197,309 | 167,902 | +17.5% |
| Fitness Segment [Member] | 338,522 | 220,142 | +53.8% |
| Marine Segment [Member] | 197,376 | 183,933 | +7.3% |
| Outdoor Segment [Member] | 277,943 | 282,536 | -1.6% |
| Research & Development | 295,818 | 268,120 | +10.3% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 24,806 | 26,416 | -6.1% |
| Aviation Segment [Member] | 89,460 | 84,198 | +6.2% |
| Fitness Segment [Member] | 62,304 | 50,457 | +23.5% |
| Marine Segment [Member] | 48,952 | 43,986 | +11.3% |
| Outdoor Segment [Member] | 70,296 | 63,063 | +11.5% |
| Selling, General & Administrative | 314,806 | 283,601 | +11.0% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 12,770 | 12,513 | +2.1% |
| Aviation Segment [Member] | 36,915 | 35,348 | +4.4% |
| Fitness Segment [Member] | 118,598 | 91,973 | +28.9% |
| Marine Segment [Member] | 57,667 | 53,082 | +8.6% |
| Outdoor Segment [Member] | 88,856 | 90,685 | -2.0% |
| Operating Expenses | 610,624 | 551,721 | +10.7% |
| Operating Income | 431,665 | 332,824 | +29.7% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | -6,437 | -8,897 | +27.6% |
| Aviation Segment [Member] | 70,934 | 48,356 | +46.7% |
| Fitness Segment [Member] | 157,620 | 77,712 | +102.8% |
| Marine Segment [Member] | 90,757 | 86,865 | +4.5% |
| Outdoor Segment [Member] | 118,791 | 128,788 | -7.8% |
| Interest Income Other | 35,974 | 30,507 | +17.9% |
| Foreign Currency Transaction Gain Loss Before Tax | 3,122 | 24,760 | -87.4% |
| Other Non-Operating Income (Expense) | 1,768 | 987 | +79.1% |
| Non-Operating Income (Expense) | 40,864 | 56,254 | -27.4% |
| Income Before Taxes | 472,529 | 389,078 | +21.4% |
| Income Tax Expense (Benefit) | 67,451 | 56,309 | +19.8% |
| Net Income | 405,078 | 332,769 | +21.7% |
Show Equity Components breakouts |
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| Retained Earnings | 405,078 | 332,769 | +21.7% |
| EPS (Basic) | 2.1 | 1.73 | +21.4% |
| EPS (Diluted) | 2.09 | 1.72 | +21.5% |
| Wtd Avg Shares (Basic) | 192,674 | 192,544 | +0.1% |
| Wtd Avg Shares (Diluted) | 193,565 | 193,717 | -0.1% |
| Comprehensive Income | 341,474 | 354,096 | -3.6% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,289,916 | 2,175,515 | +5.3% |
| Available For Sale Securities Debt Securities Current | 411,034 | 498,995 | -17.6% |
| Accounts Receivable | 940,959 | 787,133 | +19.5% |
| Inventory | 1,850,282 | 1,581,952 | +17.0% |
| Deferred Costs Current | 15,324 | 21,077 | -27.3% |
| Prepaid Expenses & Other Current Assets | 489,654 | 380,512 | +28.7% |
| Total Current Assets | 5,997,169 | 5,445,184 | +10.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 1,383,770 | 1,233,213 | +12.2% |
| Operating Lease Right-of-Use Assets | 203,390 | 170,703 | +19.1% |
| Available For Sale Securities Debt Securities Noncurrent | 1,612,323 | 1,226,464 | +31.5% |
| Deferred Tax Assets | 721,894 | 831,817 | -13.2% |
| Goodwill | 750,633 | 616,955 | +21.7% |
| Other Non-Current Assets | 92,347 | 107,477 | -14.1% |
| Total Assets | 10,952,438 | 9,787,622 | +11.9% |
| Other Assets | |||
| Deferred Costs | 4,046 | 5,783 | -30.0% |
| Other Intangible Assets Net | 186,866 | 150,026 | +24.6% |
| Current Liabilities | |||
| Accounts Payable | 344,724 | 344,804 | -0.0% |
| Employee Related Liabilities Current | 224,693 | 204,589 | +9.8% |
| Product Warranty Accrual Classified Current | 70,932 | 61,142 | +16.0% |
| Accrued Marketing Costs Current | 92,504 | 71,765 | +28.9% |
| Other Accrued Liabilities Current | 233,248 | 209,473 | +11.3% |
| Deferred Revenue (Current) | 100,843 | 105,716 | -4.6% |
| Accrued Income Taxes Current | 308,301 | 332,217 | -7.2% |
| Total Current Liabilities | 1,375,245 | 1,329,706 | +3.4% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 111,744 | 104,923 | +6.5% |
| Accrued Income Taxes Noncurrent | 3,645 | 6,951 | -47.6% |
| Contract With Customer Liability Noncurrent | 22,530 | 25,526 | -11.7% |
| Operating Lease Liabilities | 167,612 | 140,235 | +19.5% |
| Other Non-Current Liabilities | 638 | 803 | -20.5% |
| Stockholders' Equity | |||
| Common Stock | 19,490 | 19,490 | 0.0% |
| Additional Paid In Capital Common Stock | 2,335,119 | 2,255,968 | +3.5% |
| Treasury Stock Value | -415,600 | -301,804 | -37.7% |
| Retained Earnings | 7,374,974 | 6,331,735 | +16.5% |
| Accumulated Other Comprehensive Income | -42,959 | -125,911 | +65.9% |
| Total Stockholders' Equity | 9,271,024 | 8,179,478 | +13.3% |
Show Equity Components breakouts |
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| Accumulated Net Unrealized Investment Gain Loss | -11,976 | -17,725 | +32.4% |
| Accumulated Other Comprehensive Income | -42,959 | -125,911 | +65.9% |
| Accumulated Translation Adjustment | -30,983 | -108,186 | +71.4% |
| Additional Paid In Capital | 2,335,119 | 2,255,968 | +3.5% |
| Common Stock | 19,490 | 19,490 | 0.0% |
| Retained Earnings | 7,374,974 | 6,331,735 | +16.5% |
| Treasury Stock Common | -415,600 | -301,804 | -37.7% |
| Total Liabilities & Equity | 10,952,438 | 9,787,622 | +11.9% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 405,078 | 332,769 | +21.7% |
| Depreciation | 40,418 | 37,463 | +7.9% |
| Adjustment For Amortization | 8,707 | 8,835 | -1.4% |
| Gain Loss On Sale Of Property Plant Equipment | 42 | -15 | +380.0% |
| Foreign Currency Transaction Gain Loss Unrealized | 1,525 | -38,983 | +103.9% |
| Deferred Income Taxes And Tax Credits | 3,301 | -11,593 | +128.5% |
| Stock-Based Compensation | 43,323 | 37,772 | +14.7% |
| Gain Loss On Sale Of Investments | -318 | 98 | -424.5% |
| Change in Accounts Receivable | 301,791 | 213,089 | +41.6% |
| Change in Inventory | -95,064 | -102,239 | +7.0% |
| Increase Decrease In Other Operating Assets | -29,068 | -17,510 | -66.0% |
| Change in Accounts Payable | 3,407 | -12,629 | +127.0% |
| Increase Decrease In Other Operating Liabilities | -90,378 | -57,318 | -57.7% |
| Change in Deferred Revenue | -4,483 | -8,160 | +45.1% |
| Increase Decrease In Deferred Charges | 2,543 | 4,102 | -38.0% |
| Increase Decrease In Income Taxes | -54,836 | 35,107 | -256.2% |
| Net Cash from Operations | 535,988 | 420,788 | +27.4% |
| Investing Activities | |||
| Capital Expenditures | -66,617 | -40,062 | -66.3% |
| Purchases of Investments | -333,342 | -179,827 | -85.4% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 147,896 | 88,788 | +66.6% |
| Other Investing Activities Net | -307 | 599 | -151.3% |
| Net Cash from Investing | -252,370 | -132,602 | -90.3% |
| Financing Activities | |||
| Payments Of Dividends | -173,637 | -144,566 | -20.1% |
| Payments For Repurchase Of Treasury Stock Related To Equity Awards | -46,839 | -33,144 | -41.3% |
| Payment For Purchase Of Treasury Stock Under Share Repurchase Plan | -39,577 | -27,098 | -46.1% |
| Net Cash from Financing | -260,053 | -204,808 | -27.0% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | -12,286 | 12,672 | -197.0% |
| Net Change in Cash | 11,279 | 96,050 | -88.3% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,290,639 | 2,176,204 | +5.3% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.