Garmin GRMN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Auto Oem | $170.28M+0.6% | $160.36M-3.3% | $164.84M-2.3% | $170.15M+15.6% | $169.33M+31.3% | |
| Aviation | $263.84M+18.3% | $274.24M+15.8% | $240.45M+17.5% | $249.37M+14.3% | $223.11M+2.9% | |
| Fitness | $546.82M+42.1% | $765.84M+42.0% | $601.01M+29.6% | $605.43M+41.3% | $384.72M+12.2% | |
| Marine | $355.02M+11.1% | $296.91M+18.2% | $267.01M+20.1% | $299.26M+9.6% | $319.44M-2.2% | |
| Outdoor | $417.53M-4.8% | $627.61M-0.3% | $497.6M-5.5% | $490.36M+11.5% | $438.5M+19.7% | |
| Gross Profit by Business | ||||||
| Auto Oem | $31.14M+3.7% | $28M+1.8% | $24.94M-24.4% | $28.1M+15.8% | $30.03M+32.2% | |
| Aviation | $197.31M+17.5% | $207.43M+16.3% | $180.71M+17.2% | $185.47M+14.9% | $167.9M+3.2% | |
| Fitness | $338.52M+53.8% | $454.92M+47.4% | $362.85M+28.1% | $364.67M+48.7% | $220.14M+13.0% | |
| Marine | $197.38M+7.3% | $153.4M+6.0% | $148.24M+21.1% | $164.34M+11.2% | $183.93M+2.6% | |
| Outdoor | $277.94M-1.6% | $414.52M-1.5% | $329.75M-8.1% | $324.43M+14.1% | $282.54M+16.4% | |
| Operating Income by Business | ||||||
| Auto Oem | -$6.44M+27.6% | -$13.52M-43.0% | -$16.7M-1,208% | -$9.52M+17.6% | -$8.9M+46.1% | |
| Aviation | $70.93M+46.7% | $84.72M+31.4% | $60.77M+37.2% | $63.38M+25.5% | $48.36M-7.2% | |
| Fitness | $157.62M+103% | $256.94M+61.4% | $193.6M+31.0% | $197.63M+83.7% | $77.71M+14.1% | |
| Marine | $90.76M+4.5% | $52.07M+2.9% | $49.4M+30.5% | $62.92M+5.1% | $86.87M-0.9% | |
| Outdoor | $118.79M-7.8% | $233.95M-6.9% | $169.73M-18.7% | $157.88M+16.4% | $128.79M+20.4% | |
| Selling General And Administrative Expense by Business | ||||||
| Auto Oem | $12.77M+2.1% | $12.69M+1.9% | $12.5M+7.3% | $12.7M-8.3% | $12.51M-9.5% | |
| Aviation | $36.92M+4.4% | $35.4M+7.7% | $34.29M+14.0% | $36.96M+12.1% | $35.35M+7.6% | |
| Fitness | $118.6M+28.9% | $139.37M+37.5% | $114.06M+27.4% | $114.34M+23.5% | $91.97M+11.0% | |
| Marine | $57.67M+8.6% | $52.61M+1.8% | $50.86M+13.6% | $54.5M+12.3% | $53.08M+1.1% | |
| Outdoor | $88.86M-2.0% | $109.04M+2.2% | $91.52M+2.9% | $99.55M+10.9% | $90.69M+14.6% | |
| Research And Development Expense by Business | ||||||
| Auto Oem | $24.81M-6.1% | $28.83M+17.7% | $29.13M+28.7% | $24.92M+13.4% | $26.42M+4.0% | |
| Aviation | $89.46M+6.2% | $87.3M+7.7% | $85.66M+7.3% | $85.13M+9.3% | $84.2M+8.4% | |
| Fitness | $62.3M+23.5% | $58.61M+21.9% | $55.19M+20.0% | $52.7M+17.0% | $50.46M+15.2% | |
| Marine | $48.95M+11.3% | $48.72M+15.0% | $47.99M+20.4% | $46.92M+19.2% | $43.99M+12.7% | |
| Outdoor | $70.3M+11.5% | $71.53M+14.0% | $68.5M+12.5% | $67M+13.8% | $63.06M+11.3% | |
| Cost of Goods Sold by Business | ||||||
| Auto Oem | $139.14M-0.1% | $132.36M-4.3% | $139.9M+3.1% | $142.05M+15.6% | $139.3M+31.1% | |
| Aviation | $66.53M+20.5% | $66.81M+14.2% | $59.74M+18.3% | $63.89M+12.3% | $55.21M+1.8% | |
| Fitness | $208.3M+26.6% | $310.92M+34.8% | $238.16M+31.9% | $240.76M+31.4% | $164.58M+11.1% | |
| Marine | $157.64M+16.3% | $143.51M+34.6% | $118.77M+19.0% | $134.92M+7.8% | $135.51M-8.1% | |
| Outdoor | $139.59M-10.5% | $213.09M+2.1% | $167.85M0.0% | $165.93M+6.6% | $155.96M+26.3% | |
| Revenue by Geography | ||||||
| Americas | $821.63M+10.2% | —— | $795.62M+9.8% | $878.01M+18.6% | $745.73M+4.1% | |
| Asia Pacific | $275.02M+24.8% | —— | $282.72M+13.6% | $259.15M+15.7% | $220.41M+9.0% | |
| EMEA | $656.84M+15.4% | —— | $692.56M+13.0% | $677.4M+25.0% | $568.95M+22.8% |
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.
