Garmin GRMN Outdoor — Cost of Goods Sold

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Questions, answered.

What is Garmin's outdoor — cost of goods sold?

Garmin (GRMN) reported outdoor — cost of goods sold of $139.59M in Q1 2026.

How has Garmin's outdoor — cost of goods sold changed year-over-year?

Garmin's outdoor — cost of goods sold decreased by 10.5% year-over-year, from $155.96M to $139.59M.

What is the long-term trend for Garmin's outdoor — cost of goods sold?

Over 3 years (2022 to 2025), Garmin's outdoor — cost of goods sold has grown at a 1.6% compound annual growth rate (CAGR), from $670.87M to $702.83M.

What does outdoor — cost of goods sold mean?

The direct costs incurred to manufacture and deliver the products sold by the Outdoor segment.

How do you interpret outdoor — cost of goods sold?

A decrease relative to revenue suggests improved manufacturing efficiency or favorable input cost management.

How does outdoor — cost of goods sold compare across companies?

Commonly referred to as COGS, this is a standard metric for all manufacturing and hardware firms.