Garmin GRMN Contract Liabilities
Contract Liabilities at other companies
Other financials
Where this comes from
Reported directly by Garmin in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.
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 contract liabilities?
- Garmin (GRMN) reported contract liabilities of $22.53M in Q1 2026.
- How has Garmin's contract liabilities changed year-over-year?
- Garmin's contract liabilities decreased by 11.7% year-over-year, from $25.53M to $22.53M.
- What is the long-term trend for Garmin's contract liabilities?
- Over 5 years (2020 to 2025), Garmin's contract liabilities has grown at a -14.9% compound annual growth rate (CAGR), from $49.93M to $22.28M.
- What does contract liabilities mean?
- Revenue received in advance for goods or services that have not yet been delivered.
- How do you interpret contract liabilities?
- An increase signals strong demand and future revenue growth, while a decrease may indicate the fulfillment of existing backlogs.
- How does contract liabilities compare across companies?
- Highly relevant for companies with subscription or long-term service models; common in tech and hardware sectors.