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Garmin GRMN Change in Deferred Revenue

Change in Deferred Revenue at other companies

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$764M+5,777%
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$60.39M+381%
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-$91M-134%
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Other financials

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

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-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×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's change in deferred revenue?
Garmin (GRMN) reported change in deferred revenue of -$4.48M in Q1 2026.
How has Garmin's change in deferred revenue changed year-over-year?
Garmin's change in deferred revenue increased by 45.1% year-over-year, from -$8.16M to -$4.48M.
What does change in deferred revenue mean?
The change in cash received from customers for services or products not yet provided.
How do you interpret change in deferred revenue?
An increase signals strong future revenue growth, while a decrease suggests revenue is being recognized faster than new bookings are made.
How does change in deferred revenue compare across companies?
Highly relevant for companies with subscription models or multi-year service agreements.