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Garmin GRMN Net Income

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Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's net income?
Garmin (GRMN) reported net income of $405.08M in Q1 2026.
How has Garmin's net income changed year-over-year?
Garmin's net income increased by 21.7% year-over-year, from $332.77M to $405.08M.
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?
The total accounting profit earned by the company during the period.
How do you interpret net income?
An increase indicates higher profitability and potential for reinvestment or shareholder returns.
How does net income compare across companies?
Standard across all public companies; peers in consumer electronics typically show high net income margins.