What is Garmin's contract with customer liability additions?

Garmin (GRMN) reported contract with customer liability additions of $79.8M in Q1 2026.

How has Garmin's contract with customer liability additions changed year-over-year?

Garmin's contract with customer liability additions increased by 8.3% year-over-year, from $73.67M to $79.8M.

Garmin GRMN Contract With Customer Liability Additions

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 / equity0×0.0×

Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept grmn:ContractWithCustomerLiabilityAdditions.

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 contract with customer liability additions?: Garmin (GRMN) reported contract with customer liability additions of $79.8M in Q1 2026.
How has Garmin's contract with customer liability additions changed year-over-year?: Garmin's contract with customer liability additions increased by 8.3% year-over-year, from $73.67M to $79.8M.