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Garmin GRMN Net Income

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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:ProfitLoss.

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
Line item26-Weeks Ended / June 27,202626-Weeks Ended / June 28,2025
Operating Activities:
Net income$946,999$733,591
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation81,27075,980
Amortization16,71117,423
Loss on sale or disposal of property and equipment55350
Unrealized foreign currency losses (gains)2,575(16,566)
Deferred income taxes3,418(49,754)

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's net income?
Garmin (GRMN) reported net income of $541.92M in Q2 2026.
How has Garmin's net income changed year-over-year?
Garmin's net income increased by 35.2% year-over-year, from $400.82M to $541.92M.
What is the long-term trend for Garmin's net income?
Over 4 years (2021 to 2025), Garmin's net income has grown at a 11.4% compound annual growth rate (CAGR), from $1.08B to $1.66B.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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