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: 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.