What is Garmin's FX effect on cash?

Garmin (GRMN) reported FX effect on cash of -$12.29M in Q1 2026.

How has Garmin's FX effect on cash changed year-over-year?

Garmin's FX effect on cash decreased by 197.0% year-over-year, from $12.67M to -$12.29M.

What does FX effect on cash mean?

The change in cash value caused by shifting foreign exchange rates.

How do you interpret FX effect on cash?

Large values indicate significant exposure to foreign currency volatility, which may impact reported cash positions.

How does FX effect on cash compare across companies?

Common for multinational corporations with global operations.

Garmin GRMN FX Effect on Cash

FX Effect on Cash at other companies

Raytheon TechnologiesRTX

-$6M-138%

Honeywell InternationalHON

-$8M-118%

Teledyne TechnologiesTDY

-$300K-107%

NikeNKE

$25M+267%

TransDigm GroupTDG

-$5M—

Alphabet Inc.GOOGL

——

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 / equity0×0.0×

Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations.

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 FX effect on cash?: Garmin (GRMN) reported FX effect on cash of -$12.29M in Q1 2026.
How has Garmin's FX effect on cash changed year-over-year?: Garmin's FX effect on cash decreased by 197.0% year-over-year, from $12.67M to -$12.29M.
What does FX effect on cash mean?: The change in cash value caused by shifting foreign exchange rates.
How do you interpret FX effect on cash?: Large values indicate significant exposure to foreign currency volatility, which may impact reported cash positions.
How does FX effect on cash compare across companies?: Common for multinational corporations with global operations.