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Garmin GRMN Aviation — Cost of Goods Sold

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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$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

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:CostOfGoodsAndServicesSold.

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
13-Weeks Ended June 27, 2026FitnessOutdoorAviationMarineAuto OEMTotal
Net sales$756,823$482,740$268,749$341,369$172,411$2,022,092
Cost of goods sold276,100150,42166,778132,405134,366760,070
Gross profit480,723332,319201,971208,96438,0451,262,022
Research and development expense64,36174,19891,29051,08923,002303,940
Selling, general and administrative expenses139,32394,53838,51558,02712,171342,574
Operating income (loss)$277,039$163,583$72,166$99,848$2,872$615,508
13-Weeks Ended June 28, 2025
Net sales$605,425$490,357$249,366$299,262$170,154$1,814,564

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's aviation — cost of goods sold?
Garmin (GRMN) reported aviation — cost of goods sold of $66.78M in Q2 2026.
How has Garmin's aviation — cost of goods sold changed year-over-year?
Garmin's aviation — cost of goods sold increased by 4.5% year-over-year, from $63.89M to $66.78M.
What is the long-term trend for Garmin's aviation — cost of goods sold?
Over 3 years (2022 to 2025), Garmin's aviation — cost of goods sold has grown at a 3.8% compound annual growth rate (CAGR), from $219.74M to $245.65M.
What does aviation — cost of goods sold mean?
This captures the direct costs attributable to the production of aviation hardware and the delivery of associated services. It includes raw materials, direct labor, and manufacturing overhead required to bring aviation products to market.

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