# GARMIN LTD (GRMN) FY2026 YTD Q2 P&L / Income Statement

- Company: GARMIN LTD (GRMN)
- Period: 2025-12-28 to 2026-06-27
- Filing: Q2 FY2026 10-Q, filed 2026-07-29, accession number 0001193125-26-322114
- Page: https://plicit.ai/financials/grmn/fy2026-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/grmn-fy2026-ytd-q2-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2025-12-28 through 2026-06-27. View: Business segment. Revenue and costs use their disclosed categories.

- **Net sales**: 3,775,582,000 US dollars
- **Cost of goods sold**: 1,471,272,000 US dollars
- **Gross profit**: 2,304,310,000 US dollars
- **Total operating expense**: 1,257,137,000 US dollars
- **Operating income**: 1,047,173,000 US dollars
- **Total other income (expense)**: 76,417,000 US dollars
- **Income before income taxes**: 1,123,590,000 US dollars
- **Income tax provision**: 176,591,000 US dollars
- **Net income**: 946,999,000 US dollars
- **Fitness Segment revenue**: 1,303,646,000 US dollars
- **Outdoor Segment revenue**: 900,270,000 US dollars
- **Aviation Segment revenue**: 532,590,000 US dollars
- **Marine Segment revenue**: 696,385,000 US dollars
- **Auto OEM Segment revenue**: 342,691,000 US dollars
- **Fitness Segment cost of revenue**: 484,400,000 US dollars
- **Outdoor Segment cost of revenue**: 290,009,000 US dollars
- **Aviation Segment cost of revenue**: 133,311,000 US dollars
- **Marine Segment cost of revenue**: 290,045,000 US dollars
- **Auto OEM Segment cost of revenue**: 273,507,000 US dollars
- **Selling, general and administrative expenses**: 657,379,000 US dollars
- **Research and development expense**: 599,758,000 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-ytd-q2-income-statement/revenue-by-timing-of-transfer
- Chart image: https://plicit.ai/charts/grmn-fy2026-ytd-q2-revenue-by-timing-of-transfer-sankey.png

Income statement for 2025-12-28 through 2026-06-27. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 3,775,582,000 US dollars
- **Cost of goods sold**: 1,471,272,000 US dollars
- **Gross profit**: 2,304,310,000 US dollars
- **Total operating expense**: 1,257,137,000 US dollars
- **Operating income**: 1,047,173,000 US dollars
- **Total other income (expense)**: 76,417,000 US dollars
- **Income before income taxes**: 1,123,590,000 US dollars
- **Income tax provision**: 176,591,000 US dollars
- **Net income**: 946,999,000 US dollars
- **Point in time**: 3,607,942,000 US dollars
- **Over time**: 167,640,000 US dollars
- **Selling, general and administrative expenses**: 657,379,000 US dollars
- **Research and development expense**: 599,758,000 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-ytd-q2-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/grmn-fy2026-ytd-q2-revenue-by-geography-sankey.png

Income statement for 2025-12-28 through 2026-06-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 3,775,582,000 US dollars
- **Cost of goods sold**: 1,471,272,000 US dollars
- **Gross profit**: 2,304,310,000 US dollars
- **Total operating expense**: 1,257,137,000 US dollars
- **Operating income**: 1,047,173,000 US dollars
- **Total other income (expense)**: 76,417,000 US dollars
- **Income before income taxes**: 1,123,590,000 US dollars
- **Income tax provision**: 176,591,000 US dollars
- **Net income**: 946,999,000 US dollars
- **Americas**: 1,801,019,000 US dollars
- **EMEA**: 1,422,914,000 US dollars
- **Asia Pacific**: 551,649,000 US dollars
- **Selling, general and administrative expenses**: 657,379,000 US dollars
- **Research and development expense**: 599,758,000 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.