# GARMIN LTD (GRMN) FY2026 Q2 Balance Sheet

- Company: GARMIN LTD (GRMN)
- Period: As of 2026-06-27
- Filing: Q2 FY2026 10-Q, filed 2026-07-29, accession number 0001193125-26-322114
- Page: https://plicit.ai/financials/grmn/fy2026-q2-balance-sheet
- Chart image: https://plicit.ai/charts/grmn-fy2026-q2-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2026-06-27. The chart shows assets, liabilities and equity at that date.

- **Assets**: 11,423,891,000 US dollars
- **Current assets**: 6,308,612,000 US dollars
- **Non-current assets**: 5,115,279,000 US dollars
- **Liabilities (calculated)**: 2,394,878,000 US dollars
- **Current liabilities**: 2,083,173,000 US dollars
- **Non-current liabilities**: 311,705,000 US dollars
- **Equity**: 9,029,013,000 US dollars
- **Cash and cash equivalents**: 2,334,235,000 US dollars
- **Inventories**: 1,966,061,000 US dollars
- **Accounts receivable, net**: 1,153,215,000 US dollars
- **Prepaid expenses and other current assets**: 509,473,000 US dollars
- **Marketable securities**: 331,955,000 US dollars
- **Deferred costs**: 13,673,000 US dollars
- **Noncurrent marketable securities**: 1,703,680,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,360,259 and $1,292,250**: 1,454,228,000 US dollars
- **Goodwill**: 748,474,000 US dollars
- **Deferred income tax assets**: 717,795,000 US dollars
- **Operating lease right-of-use assets**: 212,297,000 US dollars
- **Other intangible assets, net**: 179,054,000 US dollars
- **Other noncurrent assets**: 95,821,000 US dollars
- **Noncurrent deferred costs**: 3,930,000 US dollars
- **Dividend payable**: 607,651,000 US dollars
- **Accounts payable**: 401,318,000 US dollars
- **Income taxes payable**: 326,081,000 US dollars
- **Other accrued expenses**: 249,765,000 US dollars
- **Salaries and benefits payable**: 201,311,000 US dollars
- **Accrued sales program costs**: 118,531,000 US dollars
- **Deferred revenue**: 106,956,000 US dollars
- **Accrued warranty costs**: 71,560,000 US dollars
- **Noncurrent operating lease liabilities**: 177,957,000 US dollars
- **Deferred income tax liabilities**: 107,365,000 US dollars
- **Noncurrent deferred revenue**: 22,072,000 US dollars
- **Noncurrent income taxes payable**: 3,754,000 US dollars
- **Other noncurrent liabilities**: 557,000 US dollars
- **Retained earnings**: 7,106,837,000 US dollars
- **Additional paid-in capital**: 2,381,041,000 US dollars
- **Common shares, $0.10 par value (194,901 and 194,901 shares authorized and issued;192,910 and 192,620 shares outstanding)**: 19,490,000 US dollars
- **Treasury shares (1,991 and 2,281 shares)**: negative 427,840,000 US dollars
- **Accumulated other comprehensive income (loss)**: negative 50,515,000 US dollars
- **Gross equity (calculated)**: 9,507,368,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

### Chart connections

- Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
- Treasury shares and other negative equity contributions reduce equity.