Garmin Ltd (GRMN) Financials
Key financial figures for Garmin Ltd (Q3 2026).
Garmin Q3 2026 revenue rose 12% to $1.99B with operating margin up to 30.8%, and full-year guidance was raised to about $8.15B revenue and $10.80 pro forma EPS. Revenue of $1,986.1M was up 12% from $1,770.9M a year earlier; operating income of $611.6M was up 34%, and operating margin widened to 30.8% from 25.8%. GAAP diluted EPS was $2.80 (vs $2.08 a year earlier, +35%); pro forma diluted EPS was $2.76 (vs $1.99, +39%). The effective tax rate fell to 18.1% from 21.2%, which the company tied to U.S. tax provisions that took effect in 2026. Gross margin rose 420 basis points to 63.3%. The company attributed it to favorable segment mix, lower product cost and about $33M in refunds of previously paid tariffs. On the outlook: Full-year 2026: revenue of approximately $8.15B and pro forma EPS of $10.80, based on a gross margin of 61.0%, an operating margin of 29.0% and a full-year tax rate of 16.5% (raised from approximately $8.05B revenue, $10.00 pro forma EPS, 59.7% gross margin and 27.0% operating margin given with Q2 results). The guidance excludes the future net effect of foreign currency gains and losses and discrete tax items. Figures are for Q3 2026, as Garmin Ltd. reported them.
- Revenue
- $2.0B
- Net Income
- $542M
- EPS
- $2.81
- Total Assets
- $12.0B
- Operating Cash Flow
- $394M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.0B | $542M | $2.80 | 30.8% | $293M |
| 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 |
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 $1.99 billion for Q3 FY2026, up 12.2% from the same period a year earlier.
Is Garmin Ltd. profitable?
Yes. Garmin Ltd. reported net income of $541.7 million for Q3 FY2026, a net margin of 27.27% on revenue.
How has Garmin Ltd.'s margin trended?
Operating margin was 30.8% in Q3 FY2026, compared with 25.79% 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 $293.3 million in Q3 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.