Garmin (GRMN) Capital Expenditures (2009 - 2026)
Garmin (GRMN) reported Capital Expenditures of $100.59 million for Q3 2026, up 66.2% from $60.54 million a year earlier but down 21.3% from the prior quarter.
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Analysis
Garmin (GRMN) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 26, 2026, Garmin's Capital Expenditures came in at $419.16 million, up 81.5% year-over-year; for FY2025, it was $270.45 million, up 39.7% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 7.8% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $193.57 million in FY2024 (unchanged), $193.52 million in FY2023 (-20.8%), $244.29 million in FY2022 (-20.6%) and $307.65 million in FY2021 (+65.9%).
- Five-year quarterly Capital Expenditures spans a low of $33.17 million in Q1 2024 and a high of $127.78 million in Q2 2026.
- Year over year, Capital Expenditures has now increased in each of the last eight quarters, with growth averaging 66.7% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q2 2026 (growth of 179.7%); the low point was Q4 2022 (a decline of 50.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $127.78 million (Q2 2026), $66.62 million (Q1 2026) and $124.17 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 2.24 Bn |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 390.00 Mn |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | 100.70 Mn |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | 1.24 Bn |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | -875.12 Mn |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | 54.00 Mn |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 211.00 Mn |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 227.00 Mn |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 745.00 Mn |
| 10 | Garmin | 55.63 Bn | 45.19 Bn | 1.26 Bn | 100.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 100.59 Mn |
| Jun 27, 2026 | 127.78 Mn |
| Mar 28, 2026 | 66.62 Mn |
| Dec 27, 2025 | 124.17 Mn |
| Sep 27, 2025 | 60.54 Mn |
| Jun 28, 2025 | 45.68 Mn |
| Mar 29, 2025 | 40.06 Mn |
| Dec 28, 2024 | 84.70 Mn |
| Sep 28, 2024 | 38.54 Mn |
| Jun 29, 2024 | 37.16 Mn |
| Mar 30, 2024 | 33.17 Mn |
| Dec 30, 2023 | 48.65 Mn |
| Sep 30, 2023 | 45.53 Mn |
| Jul 1, 2023 | 52.53 Mn |
| Apr 1, 2023 | 46.81 Mn |
| Dec 31, 2022 | 59.36 Mn |
| Sep 24, 2022 | 50.13 Mn |
| Jun 25, 2022 | 75.08 Mn |
| Mar 26, 2022 | 59.72 Mn |
| Dec 25, 2021 | 119.69 Mn |
API Access
Garmin Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();