GARMIN LTD
GRMNIndustrials & materialsgarmin.com
Latest available resultsSeptember 26, 2026Quarter · 10-Q filed Oct 28, 2026
Next reportFebruary 16, 2027after close · forecast 3.172 $/share
Revenue
$1.99B
▲ +12.2% vs prior year YoY
Net income
$541.66M
▲ +34.9% vs prior year YoY
EPS
2.80$
▲ +34.6% vs prior year YoY
Net margin
27.3%
▲ +4.6 pp vs prior year YoY
Revenue▲ +12.2%
Margins (% of revenue)GrossOperatingNet
Net income▲ +34.9%
EPS▲ +34.6%
Financial statements
View 10-Q filed October 28, 2026 on SEC ↗| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $1.82B | $1.54B | $1.81B | $1.77B | $2.12B | $1.75B | $2.02B | $1.99B | ▲ +12.2% |
| Gross profit | $1.08B | $884.54M | $1.07B | $1.05B | $1.26B | $1.04B | $1.26B | $1.26B | ▲ +20.2% |
| Operating income | $516.08M | $332.82M | $472.30M | $456.80M | $614.15M | $431.67M | $615.51M | $611.65M | ▲ +33.9% |
| Net income | $435.73M | $332.77M | $400.82M | $401.62M | $528.68M | $405.08M | $541.92M | $541.66M | ▲ +34.9% |
| R&D | $258.75M | $268.12M | $276.66M | $286.46M | $294.98M | $295.82M | $303.94M | $312.92M | ▲ +9.2% |
| EPS (diluted) | — | 1.72 $ | 2.07 $ | 2.08 $ | — | 2.09 $ | 2.80 $ | 2.80 $ | ▲ +34.6% |
| Margins (% of revenue) | |||||||||
| Gross | 59.3 % | 57.6 % | 58.8 % | 59.1 % | 59.2 % | 59.4 % | 62.4 % | 63.3 % | ▲ +4.2 pt |
| Operating | 28.3 % | 21.7 % | 26.0 % | 25.8 % | 28.9 % | 24.6 % | 30.4 % | 30.8 % | ▲ +5.0 pt |
| Net | 23.9 % | 21.7 % | 22.1 % | 22.7 % | 24.9 % | 23.1 % | 26.8 % | 27.3 % | ▲ +4.6 pt |
| Balance sheet | |||||||||
| Assets | $9.63B | $9.79B | $10.32B | $10.52B | $10.99B | $10.95B | $11.42B | $11.99B | ▲ +14.0% |
| Liabilities | $1.78B | $1.61B | $2.20B | $2.04B | $2.02B | $1.68B | $2.39B | $2.44B | ▲ +19.5% |
| Equity | $7.85B | $8.18B | $8.13B | $8.48B | $8.97B | $9.27B | $9.03B | $9.55B | ▲ +12.6% |
| Cash | $2.08B | $2.18B | $2.07B | $2.07B | $2.28B | $2.29B | $2.33B | $2.04B | ▼ -1.6% |
| Capital | |||||||||
| Shares outstanding | 192.40M | 192.54M | 192.49M | 192.33M | 192.48M | 192.86M | 192.85M | 192.70M | ▲ +0.2% |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.