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Garmin GRMN Gross Profit
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Where this comes from
Reported directly by Garmin in its filing.
Tagged under the XBRL concept us-gaap:GrossProfit.
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
| June 27,2026 | June 28,2025 | June 27,2026 | June 28,2025 | |||
| Net sales | $ | $$2,022,092 | 1,814,564 | $ | $$3,775,582 | 3,349,663 |
| Cost of goods sold | 760,070 | 747,552 | 1,471,272 | 1,398,106 | ||
| Gross profit | 1,262,022 | 1,067,012 | 2,304,310 | 1,951,557 | ||
| Research and development expense | 303,940 | 276,663 | 599,758 | 544,783 | ||
| Selling, general and administrative expenses | 342,574 | 318,054 | 657,379 | 601,655 | ||
| Total operating expense | 646,514 | 594,717 | 1,257,137 | 1,146,438 | ||
| Operating income | 615,508 | 472,295 | 1,047,173 | 805,119 |
Item 1 - Condensed Consolidated Financial Statements
FAQ
- What is Garmin's gross profit?
- Garmin (GRMN) reported gross profit of $1.26B in Q2 2026.
- How has Garmin's gross profit changed year-over-year?
- Garmin's gross profit increased by 18.3% year-over-year, from $1.07B to $1.26B.
- What is the long-term trend for Garmin's gross profit?
- Over 4 years (2021 to 2025), Garmin's gross profit has grown at a 10.2% compound annual growth rate (CAGR), from $2.89B to $4.26B.
- What does gross profit mean?
- Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.
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