The financials
Garmin by the numbers
Garmin (GRMN) reported revenue of $1.75B in Q1 2026 (quarter ended March 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 2026-Q1 was Fitness at $547M, 31% of the disclosed total, just 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 | $547M | 31% |
| Outdoor | $418M | 24% |
| Marine | $355M | 20% |
| Aviation | $264M | 15% |
| Auto Oem | $170M | 9.7% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.75B (-0.98%)
Fitness grew +42% year on yearOutdoor -4.8% year on year
Segment Latestquarter on quarteryear on year
- Fitness$546.8M$546.8MQoQ -9.0%year on year +42%-9.0%+42%
- Outdoor$417.5M$417.5MQoQ -16%year on year -4.8%-16%-4.8%
- Marine$355.0M$355.0MQoQ +33%year on year +11%+33%+11%
- Aviation$263.8M$263.8MQoQ +9.7%year on year +18%+9.7%+18%
- Auto Oem$170.3M$170.3MQoQ +3.3%year on year +0.56%+3.3%+0.56%
Scientific & Technical Instruments
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