GARMIN LTD (GRMN) FY2026 Q1 P&L / Income Statement

GARMIN LTD (GRMN) FY2026 Q1 P&L / Income Statement

Income statement for 2025-12-28 through 2026-03-28. View: Business segment. Revenue and costs use their disclosed categories.

Net sales

1,753,489,000 US dollars

Cost of goods sold

711,200,000 US dollars

Gross profit

1,042,289,000 US dollars

Total operating expense

610,624,000 US dollars

Operating income

431,665,000 US dollars

Total other income (expense)

40,864,000 US dollars

Income before income taxes

472,529,000 US dollars

Income tax provision

67,451,000 US dollars

Net income

405,078,000 US dollars

Fitness Segment revenue

546,822,000 US dollars

Outdoor Segment revenue

417,530,000 US dollars

Aviation Segment revenue

263,841,000 US dollars

Marine Segment revenue

355,016,000 US dollars

Auto OEM Segment revenue

170,280,000 US dollars

Fitness Segment cost of revenue

208,300,000 US dollars

Outdoor Segment cost of revenue

139,587,000 US dollars

Aviation Segment cost of revenue

66,532,000 US dollars

Marine Segment cost of revenue

157,640,000 US dollars

Auto OEM Segment cost of revenue

139,141,000 US dollars

Selling, general and administrative expenses

314,806,000 US dollars

Research and development expense

295,818,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.