Garmin GRMN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Auto Oem | $170.28M+6.2% | $160.36M-2.7% | $164.84M-3.1% | $170.15M+0.5% | $169.33M+2.2% | |
| Aviation | $263.84M-3.8% | $274.24M+14.1% | $240.45M-3.6% | $249.37M+11.8% | $223.11M-5.8% | |
| Fitness | $546.82M-28.6% | $765.84M+27.4% | $601.01M-0.7% | $605.43M+57.4% | $384.72M-28.7% | |
| Marine | $355.02M+19.6% | $296.91M+11.2% | $267.01M-10.8% | $299.26M-6.3% | $319.44M+27.1% | |
| Outdoor | $417.53M-33.5% | $627.61M+26.1% | $497.6M+1.5% | $490.36M+11.8% | $438.5M-30.3% | |
| Gross Profit by Business | ||||||
| Auto Oem | $31.14M+11.2% | $28M+12.2% | $24.94M-11.2% | $28.1M-6.4% | $30.03M+9.2% | |
| Aviation | $197.31M-4.9% | $207.43M+14.8% | $180.71M-2.6% | $185.47M+10.5% | $167.9M-5.9% | |
| Fitness | $338.52M-25.6% | $454.92M+25.4% | $362.85M-0.5% | $364.67M+65.7% | $220.14M-28.7% | |
| Marine | $197.38M+28.7% | $153.4M+3.5% | $148.24M-9.8% | $164.34M-10.7% | $183.93M+27.2% | |
| Outdoor | $277.94M-32.9% | $414.52M+25.7% | $329.75M+1.6% | $324.43M+14.8% | $282.54M-32.9% | |
| Operating Income by Business | ||||||
| Auto Oem | -$6.44M+52.4% | -$13.52M+19.0% | -$16.7M-75.4% | -$9.52M-7.0% | -$8.9M+5.9% | |
| Aviation | $70.93M-16.3% | $84.72M+39.4% | $60.77M-4.1% | $63.38M+31.1% | $48.36M-25.0% | |
| Fitness | $157.62M-38.7% | $256.94M+32.7% | $193.6M-2.0% | $197.63M+154% | $77.71M-51.2% | |
| Marine | $90.76M+74.3% | $52.07M+5.4% | $49.4M-21.5% | $62.92M-27.6% | $86.87M+71.7% | |
| Outdoor | $118.79M-49.2% | $233.95M+37.8% | $169.73M+7.5% | $157.88M+22.6% | $128.79M-48.8% | |
| Selling General And Administrative Expense by Business | ||||||
| Auto Oem | $12.77M+0.6% | $12.69M+1.5% | $12.5M-1.5% | $12.7M+1.5% | $12.51M+0.4% | |
| Aviation | $36.92M+4.3% | $35.4M+3.3% | $34.29M-7.2% | $36.96M+4.6% | $35.35M+7.5% | |
| Fitness | $118.6M-14.9% | $139.37M+22.2% | $114.06M-0.3% | $114.34M+24.3% | $91.97M-9.3% | |
| Marine | $57.67M+9.6% | $52.61M+3.5% | $50.86M-6.7% | $54.5M+2.7% | $53.08M+2.7% | |
| Outdoor | $88.86M-18.5% | $109.04M+19.1% | $91.52M-8.1% | $99.55M+9.8% | $90.69M-15.0% | |
| Research And Development Expense by Business | ||||||
| Auto Oem | $24.81M-13.9% | $28.83M-1.1% | $29.13M+16.9% | $24.92M-5.6% | $26.42M+7.8% | |
| Aviation | $89.46M+2.5% | $87.3M+1.9% | $85.66M+0.6% | $85.13M+1.1% | $84.2M+3.9% | |
| Fitness | $62.3M+6.3% | $58.61M+6.2% | $55.19M+4.7% | $52.7M+4.4% | $50.46M+4.9% | |
| Marine | $48.95M+0.5% | $48.72M+1.5% | $47.99M+2.3% | $46.92M+6.7% | $43.99M+3.8% | |
| Outdoor | $70.3M-1.7% | $71.53M+4.4% | $68.5M+2.2% | $67M+6.2% | $63.06M+0.5% | |
| Cost of Goods Sold by Business | ||||||
| Auto Oem | $139.14M+5.1% | $132.36M-5.4% | $139.9M-1.5% | $142.05M+2.0% | $139.3M+0.8% | |
| Aviation | $66.53M-0.4% | $66.81M+11.8% | $59.74M-6.5% | $63.89M+15.7% | $55.21M-5.6% | |
| Fitness | $208.3M-33.0% | $310.92M+30.5% | $238.16M-1.1% | $240.76M+46.3% | $164.58M-28.7% | |
| Marine | $157.64M+9.8% | $143.51M+20.8% | $118.77M-12.0% | $134.92M-0.4% | $135.51M+27.1% | |
| Outdoor | $139.59M-34.5% | $213.09M+27.0% | $167.85M+1.2% | $165.93M+6.4% | $155.96M-25.2% | |
| Revenue by Geography | ||||||
| Americas | $821.63M— | —— | $795.62M-9.4% | $878.01M+17.7% | $745.73M— | |
| Asia Pacific | $275.02M— | —— | $282.72M+9.1% | $259.15M+17.6% | $220.41M— | |
| EMEA | $656.84M— | —— | $692.56M+2.2% | $677.4M+19.1% | $568.95M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Garmin break its business down?
- Garmin (GRMN) reports revenue by business across 5 parts — Auto Oem, Aviation, Fitness, Marine and Outdoor. Each is extracted from the segment footnotes and tracked over time.
- Where does Garmin's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Garmin's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
