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Garmin GRMN Q1 2026 earnings

Reported April 29, 2026 · Before market open

Revenue$1.8BBeat by $29.4M
EPS$2.08Beat by $0.24
Revenue estimate$1.7B
EPS estimate$1.84

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$2.0B
EPS estimate$2.39

Financials

Q1 2026

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation & ratios

Valuation

as of 03/28/26
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Market cap$44.66B+6.9%
Enterprise value$42.54B+7.0%
P/E25.7×-2.7×
P/S6×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0×0.0×
Current ratio4.4×+0.3×

Segments

By segment

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Fitness$546.8M+42.1%
Outdoor$417.5M-4.8%
Marine$355.0M+11.1%
Aviation$263.8M+18.3%
Auto Oem$170.3M+0.6%

By geography

See full
Americas$821.6M+10.2%
EMEA$656.8M+15.4%
Asia Pacific$275.0M+24.8%

FAQ

When did Garmin report Q1 2026 earnings?
Garmin (GRMN) reported Q1 2026 earnings on April 29, 2026 before market open.
What were Garmin's Q1 2026 revenue and EPS?
Garmin reported revenue of $1.8B and eps of $2.08 for Q1 2026.
Did Garmin beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.7B by $29.4M. EPS beat the consensus estimate of $1.84 by $0.24.
How did Garmin's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.2% from $1.5B a year earlier and eps grew 29.2% from $1.61.
Where can I find Garmin's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-188907) and the 10-Q periodic report (0001193125-26-188908) directly on SEC EDGAR. The filing index links above go to sec.gov.