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

- Company: GARMIN LTD (GRMN)
- Period: 2025-12-28 to 2026-03-28
- Filing: Q1 FY2026 10-Q, filed 2026-04-29, accession number 0001193125-26-188908
- Page: https://plicit.ai/financials/grmn/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/grmn-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Business Segment

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.

## Chart details: Revenue by Timing of Transfer

- Page: https://plicit.ai/financials/grmn/fy2026-q1-income-statement/revenue-by-timing-of-transfer
- Chart image: https://plicit.ai/charts/grmn-fy2026-q1-revenue-by-timing-of-transfer-sankey.png

Income statement for 2025-12-28 through 2026-03-28. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **Point in time**: 1,669,138,000 US dollars
- **Over time**: 84,351,000 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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/grmn/fy2026-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/grmn-fy2026-q1-revenue-by-geography-sankey.png

Income statement for 2025-12-28 through 2026-03-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **Americas**: 821,629,000 US dollars
- **EMEA**: 656,844,000 US dollars
- **Asia Pacific**: 275,016,000 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.