Garmin Ltd (GRMN) Financials
Key financial figures for Garmin Ltd (Q2 2026).
Garmin posted record Q2 2026 revenue of $2.02 billion, up 11% year over year, with GAAP diluted EPS of $2.80 (up 35%), and raised full-year guidance. Record consolidated revenue of $2.02 billion, up 11% year over year; GAAP diluted EPS of $2.80, up 35%, and pro forma diluted EPS of $2.81, up 29%. Fitness was the fastest-growing segment at $756.8 million (up 25% year over year); Marine grew 14% to $341.4 million and Aviation grew 8% to $268.7 million. Outdoor was the only segment to decline, down 2% year over year to $482.7 million; Auto OEM was roughly flat, up 1% to $172.4 million. On the outlook: Raised full-year 2026 guidance to approximately $8.05 billion in revenue and pro forma EPS of $10.00, based on gross margin of about 59.7% and operating margin of about 27.0%. Figures are for Q2 2026, as Garmin Ltd. reported them.
- Revenue
- $2.0B
- Net Income
- $542M
- EPS
- $2.81
- Total Assets
- $11.4B
- Operating Cash Flow
- $338M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $2.0B | $542M | $2.80 | 30.44% | $210M |
| Q1 FY2026 | $1.8B | $405M | $2.09 | 24.62% | $469M |
| Q4 FY2025 | $2.1B | $529M | $2.73 | 28.9% | $430M |
| Q3 FY2025 | $1.8B | $402M | $2.08 | 25.79% | $425M |
| Q2 FY2025 | $1.8B | $401M | $2.07 | 26.03% | $127M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $7.2B | $1.7B | $8.59 | 25.89% | $1.4B |
| FY2024 | $6.3B | $1.4B | $7.30 | 25.31% | $1.2B |
| FY2023 | $5.2B | $1.3B | $6.71 | 20.89% | $1.2B |
Frequently asked questions
What was Garmin Ltd.'s revenue last quarter?
Garmin Ltd. reported revenue of $2.02 billion for Q2 FY2026, up 11.4% from the same period a year earlier.
Is Garmin Ltd. profitable?
Yes. Garmin Ltd. reported net income of $541.9 million for Q2 FY2026, a net margin of 26.8% on revenue.
How has Garmin Ltd.'s margin trended?
Operating margin was 30.44% in Q2 FY2026, compared with 26.03% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Garmin Ltd. generate?
Garmin Ltd. generated free cash flow of $210.2 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Garmin Ltd on SentiSense, with up to forty quarters and twenty fiscal years of history.