Garmin Ltd.
Income Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | $2.12B | $1.77B | $1.81B | $1.54B | $1.82B | $1.59B | $1.51B |
| Cost of Revenue | $711.2M | $866.7M | $724.4M | $747.6M | $650.6M | $742.6M | $634.4M | $643.8M |
| Gross Profit | $1.04B | $1.26B | $1.05B | $1.07B | $884.5M | $1.08B | $951.6M | $862.9M |
| Gross Margin | 59.4% | 59.2% | 59.1% | 58.8% | 57.6% | 59.3% | 60.0% | 57.3% |
| Operating Expenses | ||||||||
| Research & Development | $295.8M | $295.0M | $286.5M | $276.7M | $268.1M | $258.8M | $249.2M | $243.2M |
| SG&A Expense | $314.8M | $349.1M | $303.2M | $318.1M | $283.6M | $305.1M | $265.0M | $277.7M |
| Operating Income | $431.7M | $614.2M | $456.8M | $472.3M | $332.8M | $516.1M | $437.5M | $342.0M |
| Operating Margin | 24.6% | 28.9% | 25.8% | 26.0% | 21.7% | 28.3% | 27.6% | 22.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $472.5M | $635.4M | $509.8M | $480.3M | $389.1M | $516.1M | $486.3M | $366.0M |
| Income Tax Expense | $67.5M | $106.7M | $108.2M | $79.4M | $56.3M | $80.4M | $87.1M | $65.3M |
| Net Income | $405.1M | $528.7M | $401.6M | $400.8M | $332.8M | $435.7M | $399.1M | $300.6M |
| Net Margin | 23.1% | 24.9% | 22.7% | 22.1% | 21.7% | 23.9% | 25.2% | 20.0% |
| EPS (Basic) | $2.10 | $2.75 | $2.09 | $2.08 | $1.73 | $2.26 | $2.08 | $1.57 |
| EPS (Diluted) | $2.09 | $2.72 | $2.08 | $2.07 | $1.72 | $2.24 | $2.07 | $1.56 |
| Shares Outstanding (Basic) | 192.7M | 192.5M | 192.5M | 192.5M | 192.5M | 192.1M | 192.2M | 192.1M |
| Shares Outstanding (Diluted) | 193.6M | 193.6M | 193.5M | 193.4M | 193.7M | 193.3M | 193.2M | 192.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |