What is Garmin's marine — operating income?

Garmin (GRMN) reported marine — operating income of $99.85M in Q2 2026.

How has Garmin's marine — operating income changed year-over-year?

Garmin's marine — operating income increased by 58.7% year-over-year, from $62.92M to $99.85M.

What is the long-term trend for Garmin's marine — operating income?

Over 4 years (2021 to 2025), Garmin's marine — operating income has grown at a 0.7% compound annual growth rate (CAGR), from $244.2M to $251.25M.

What does marine — operating income mean?

Operating income represents the profit generated from the marine segment after accounting for both direct production costs and operating expenses. It is the core measure of the segment's profitability before interest, taxes, and corporate-level allocations.

Garmin (GRMN) Marine — Operating Income

Screener

Other segment segments

Fitness

$277.04M+40.2%

Outdoor

$163.58M+3.6%

Aviation

$72.17M+13.9%

Auto Oem

$2.87M+130%

Similar metrics at other companies

CIXMarine Components — Operating Income

$2.31M+3.1%

CODAMarine Technology Business Products — Operating Income

$943.74K-2.1%

ORNHeavy Civil Marine Construction — Operating Income

$7.7M+23.6%

LINCCampus Operations — Operating Income

$27.73M+28.0%

DWS

DWSNCanada Operations — Operating Income

$5.4M-2.8%

SCCOPeruvian Operations — Operating Income

$923.7M+64.5%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$403.6M+133%

CapEx$127.8M+180%

Free cash flow$275.8M+116%

Valuation

See full

Market cap$58.35B+31.7%

Enterprise value$56.19B+32.6%

P/E31.1×+2.8×

P/S7.6×+1.1×

Profitability

See full

Gross margin60.1%+1.1pp

Operating margin27.6%+1.6pp

Net margin24.5%+1.3pp

FCF margin20.9%+4.2pp

Returns & leverage

See full

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:OperatingIncomeLoss.

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, 2026	Fitness	Outdoor	Aviation	Marine	Auto OEM	Total
Gross profit	480,723	332,319	201,971	208,964	38,045	1,262,022
Research and development expense	64,361	74,198	91,290	51,089	23,002	303,940
Selling, general and administrative expenses	139,323	94,538	38,515	58,027	12,171	342,574
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
Cost of goods sold	240,755	165,928	63,894	134,924	142,051	747,552
Gross profit	364,670	324,429	185,472	164,338	28,103	1,067,012

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's marine — operating income?: Garmin (GRMN) reported marine — operating income of $99.85M in Q2 2026.
How has Garmin's marine — operating income changed year-over-year?: Garmin's marine — operating income increased by 58.7% year-over-year, from $62.92M to $99.85M.
What is the long-term trend for Garmin's marine — operating income?: Over 4 years (2021 to 2025), Garmin's marine — operating income has grown at a 0.7% compound annual growth rate (CAGR), from $244.2M to $251.25M.
What does marine — operating income mean?: Operating income represents the profit generated from the marine segment after accounting for both direct production costs and operating expenses. It is the core measure of the segment's profitability before interest, taxes, and corporate-level allocations.