What is Garmin's product warranty accrual warranties issued?

Garmin (GRMN) reported product warranty accrual warranties issued of $16.41M in Q1 2026.

How has Garmin's product warranty accrual warranties issued changed year-over-year?

Garmin's product warranty accrual warranties issued decreased by 25.7% year-over-year, from $22.08M to $16.41M.

Garmin GRMN Product Warranty Accrual Warranties Issued

Product Warranty Accrual Warranties Issued at other companies

Acuity BrandsAYI

$9.2M+17.9%

General MotorsGM

$927M+17.5%

General MotorsGM

$1.08B+15.3%

Bloom EnergyBE

$38.37M+273%

Acuity BrandsAYI

$11.5M+8.5%

Bloom EnergyBE

$18.35M+392%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$536.0M+27.4%

CapEx$66.6M+66.3%

Free cash flow$469.4M+23.3%

Valuation

See full

Market cap$45.17B+6.9%

Enterprise value$43.04B+7.0%

P/E26×-2.8×

P/S6.1×-0.5×

Profitability

See full

Gross margin59.1%+0.6pp

Operating margin26.5%+1.2pp

Net margin23.3%+0.5pp

FCF margin19.4%+0.6pp

Returns & leverage

See full

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 us-gaap:ProductWarrantyAccrualWarrantiesIssued.

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

Ask your AI about Garmin's product warranty accrual warranties issued.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Garmin's product warranty accrual warranties issued?: Garmin (GRMN) reported product warranty accrual warranties issued of $16.41M in Q1 2026.
How has Garmin's product warranty accrual warranties issued changed year-over-year?: Garmin's product warranty accrual warranties issued decreased by 25.7% year-over-year, from $22.08M to $16.41M.