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Garmin GRMN EMEA — Revenue

Other geography segments

Americas
$979.39M+11.5%
Asia Pacific
$276.63M+6.7%

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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 / equity0×0.0×
Current ratio3×0.0×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 Ended26-Weeks Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Americas (1)$$$979,390878,014$$$1,801,0191,623,747
EMEA766,069677,4021,422,9141,246,355
APAC276,633259,148551,649479,561
Net sales to external customers$$$2,022,0921,814,564$$$3,775,5823,349,663
(1) The United States is the only country which constitutes greater than 10% of net sales to external customers.

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's EMEA — revenue?
Garmin (GRMN) reported EMEA — revenue of $766.07M in Q2 2026.
How has Garmin's EMEA — revenue changed year-over-year?
Garmin's EMEA — revenue increased by 13.1% year-over-year, from $677.4M to $766.07M.
What is the long-term trend for Garmin's EMEA — revenue?
Over 2 years (2021 to 2023), Garmin's EMEA — revenue has grown at a -2.3% compound annual growth rate (CAGR), from $1.86B to $1.78B.
What does EMEA — revenue mean?
This metric represents the total revenue generated from contracts with customers within the EMEA geographic region, excluding any assessed taxes such as sales or value-added taxes. It serves as a primary indicator of the company's market penetration and demand for its hardware and software solutions in Europe, the Middle East, and Africa. By stripping out tax components, it provides a clearer view of the underlying commercial performance of the segment.

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