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Garmin GRMN Contract Liabilities, Non-Current

Contract Liabilities, Non-Current at other companies

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Other financials

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$59.96B+36.0%
Enterprise value$57.8B+37.1%
P/E31.9×+3.8×
P/S7.8×+1.3×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×
Current ratio0.0×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: Garmin’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322114
Line itemJune 27,2026December 27,2025
Total current liabilities2,083,1731,720,071
Deferred income tax liabilities107,365109,701
Noncurrent income taxes payable3,7543,596
Noncurrent deferred revenue22,07222,277
Noncurrent operating lease liabilities177,957164,835
Other noncurrent liabilities557625
Stockholders’ equity:
Common shares, $0.10 par value (194,901 and 194,901 shares authorized and issued; 192,910 and 192,620 shares outstanding)19,49019,490

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's contract liabilities, non-current?
Garmin (GRMN) reported contract liabilities, non-current of $22.07M in Q2 2026.
How has Garmin's contract liabilities, non-current changed year-over-year?
Garmin's contract liabilities, non-current decreased by 10.1% year-over-year, from $24.55M to $22.07M.
What is the long-term trend for Garmin's contract liabilities, non-current?
Over 5 years (2020 to 2025), Garmin's contract liabilities, non-current has grown at a -14.9% compound annual growth rate (CAGR), from $49.93M to $22.28M.

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