On our screens:R&D leaders
The financials
Garmin by the numbers
Garmin (GRMN) reported revenue of $1.75B in Q1 2026 (quarter ended Mar 28, 2026), up 14% from the same quarter a year earlier. That came with a gross margin of 59% and net income of $405M (23% of revenue). For the full year FY2025, revenue was $7.25B (+15% year on year) and net income $1.66B. Its largest segment in Jun 2026 was Fitness at $757M, 37% of the disclosed total, ahead of Outdoor at 24%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.75B | $1.54B | +14% |
| Gross profit | $1.04B | $885M | +18% |
| Operating income | $432M | $333M | +30% |
| Net income | $405M | $333M | +22% |
| Diluted EPS | $2.09 | $1.72 | +22% |
| Operating | Revenue | Share |
|---|---|---|
| Fitness | $757M | 37% |
| Outdoor | $483M | 24% |
| Marine | $341M | 17% |
| Aviation | $269M | 13% |
| Auto Oem | $172M | 8.5% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $2.02B (+15%)
Fitness grew +25% year on yearOutdoor -1.6% year on year
Segment Latestquarter on quarteryear on year
- Fitness$756.8M$756.8MQoQ +38%year on year +25%+38%+25%
- Outdoor$482.7M$482.7MQoQ +16%year on year -1.6%+16%-1.6%
- Marine$341.4M$341.4MQoQ -3.8%year on year +14%-3.8%+14%
- Aviation$268.7M$268.7MQoQ +1.9%year on year +7.8%+1.9%+7.8%
- Auto Oem$172.4M$172.4MQoQ +1.3%year on year +1.3%+1.3%+1.3%
Scientific & Technical Instruments
The closest names by size in the same industry