Garmin (GRMN) Capital Expenditures (2009 - 2026)
Garmin (GRMN) reported Capital Expenditures of $127.78 million for Q2 2026, up 179.7% from $45.68 million a year earlier and up 91.8% from the prior quarter.
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Analysis
Garmin (GRMN) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Garmin's Capital Expenditures came in at $379.1 million, up 81.4% 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%).
- The Q2 2026 figure ranks as the highest quarterly Capital Expenditures in data going back to Q1 2009.
- Year over year, Capital Expenditures has now increased in each of the last seven quarters, with growth averaging 56.5% 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 Q2 2026 came in at $66.62 million (Q1 2026), $124.17 million (Q4 2025) and $60.54 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,041.99 Bn | 4,789.48 Bn | 54.77 Bn | 2.46 Bn |
| 2 | Cisco Systems | 425.20 Bn | 361.13 Bn | 11.06 Bn | 390.00 Mn |
| 3 | Dell Technologies | 314.99 Bn | 270.75 Bn | 9.83 Bn | 1.24 Bn |
| 4 | Arista Networks | 232.00 Bn | 185.45 Bn | 1.91 Bn | 29.70 Mn |
| 5 | Sandisk | 204.69 Bn | 193.21 Bn | 7.58 Bn | 43.00 Mn |
| 6 | Seagate Technology Holdings | 154.17 Bn | 149.17 Bn | 1.90 Bn | 187.00 Mn |
| 7 | Sony | 149.61 Bn | 86.87 Bn | 6.53 Bn | -864.98 Mn |
| 8 | Western Digital | 130.77 Bn | 118.90 Bn | 2.03 Bn | 108.00 Mn |
| 9 | Hewlett Packard Enterprise | 77.80 Bn | 55.67 Bn | 4.93 Bn | 745.00 Mn |
| 10 | Garmin | 56.07 Bn | 45.43 Bn | 1.26 Bn | 127.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 25, 2021 | 41.42 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();