Garmin (GRMN)
Designs wearables, navigation devices, marine electronics, avionics, and automotive systems across five segments.
$284.61
vs last close−0.06 (−0.02%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,278 | 1,483 | 1,382 | 1,507 | 1,586 | 1,823 | 1,535 | 1,815 | 1,771 | 2,125 | 1,753 | 2,022 |
| Cost of revenue | 549 | 618 | 580 | 644 | 634 | 743 | 651 | 748 | 724 | 867 | 711 | 760 |
| Gross profit | 729 | 864 | 802 | 863 | 952 | 1,080 | 885 | 1,067 | 1,046 | 1,258 | 1,042 | 1,262 |
| 458 | 524 | 504 | 521 | 514 | 564 | 552 | 595 | 590 | 644 | 611 | 647 | |
| Research & development | 222 | 237 | 243 | 243 | 249 | 259 | 268 | 277 | 286 | 295 | 296 | 304 |
| 237 | 286 | 261 | 278 | 265 | 305 | 284 | 318 | 303 | 349 | 315 | 343 | |
| Selling & marketing | 35 | 61 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 201 | 225 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 315 | 0 |
| Other expenses | 1 | 0 | 1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating income | 270 | 340 | 298 | 342 | 437 | 516 | 333 | 472 | 457 | 614 | 432 | 616 |
| 9 | 43 | 29 | 24 | 49 | 0 | 56 | 8 | 53 | 21 | 41 | 36 | |
| Interest income | 20 | 23 | 25 | 29 | 29 | 30 | 31 | 32 | 32 | 35 | 36 | 38 |
| Other non-operating income | 0 | −43 | −29 | −24 | −49 | 0 | −56 | −8 | −53 | −21 | −41 | −36 |
| Income before tax | 280 | 383 | 327 | 366 | 486 | 516 | 389 | 480 | 510 | 635 | 473 | 651 |
| Income tax expense | 22 | −159 | 51 | 65 | 87 | 80 | 56 | 79 | 108 | 107 | 67 | 109 |
| Net income from continuing operations | 257 | 542 | 276 | 301 | 399 | 436 | 333 | 401 | 402 | 529 | 405 | 542 |
| Net income | 257 | 542 | 276 | 301 | 399 | 436 | 333 | 401 | 402 | 529 | 405 | 542 |
| EPS, basic | $1.34 | $2.83 | $1.44 | $1.57 | $2.08 | $2.27 | $1.73 | $2.08 | $2.09 | $2.75 | $2.10 | $2.81 |
| EPS, diluted | $1.34 | $2.82 | $1.43 | $1.56 | $2.07 | $2.25 | $1.72 | $2.07 | $2.08 | $2.73 | $2.09 | $2.80 |
| Weighted average shares, basic | 191 | 191 | 192 | 192 | 192 | 192 | 193 | 193 | 192 | 192 | 193 | 193 |
| Weighted average shares, diluted | 192 | 193 | 193 | 193 | 193 | 194 | 194 | 193 | 194 | 194 | 194 | 193 |
| EBITDA | 315 | 428 | 372 | 410 | 531 | 563 | 435 | 527 | 559 | 682 | 522 | 651 |
| Depreciation & amortization | 45 | 45 | 45 | 44 | 44 | 47 | 46 | 47 | 49 | 46 | 49 | 0 |
| EBIT | 270 | 383 | 327 | 366 | 486 | 516 | 389 | 480 | 510 | 635 | 473 | 651 |
