Garmin (GRMN) Change in Inventory (2009 - 2026)
Garmin's Change in Inventory came in at $279.41 million for Q3 2026, up 135.6% from $118.6 million a year earlier and up 144.5% from the prior quarter.
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Analysis
Garmin (GRMN) Change in Inventory (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 26, 2026, Garmin reported Change in Inventory of $381.96 million, up 12.4% year-over-year; for FY2025, it came in at $218.06 million, up 21.9% from FY2024.
- Going back by year, Change in Inventory was $178.82 million in FY2024, -$244.51 million in FY2023, $363.33 million in FY2022 (-23.7%) and $476.45 million in FY2021.
- The Q3 2026 figure represents the highest quarterly Change in Inventory in data going back to Q1 2009.
- Year-over-year, Change in Inventory increased in three of the last five quarters, with growth averaging 77.8%.
- The fastest year-over-year change in Change in Inventory over five years came in Q2 2025 (growth of 272.7%), and the weakest in Q3 2023 (a decline of 100.0%).
- Business Quant data shows GRMN's Change in Inventory at $114.3 million (Q2 2026), $95.06 million (Q1 2026) and -$106.82 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,090.84 Bn | 4,836.31 Bn | 54.82 Bn | 3.44 Bn |
| 2 | Cisco Systems | 390.99 Bn | 326.92 Bn | 11.06 Bn | 992.00 Mn |
| 3 | Arista Networks | 240.45 Bn | 189.65 Bn | 2.33 Bn | 674.60 Mn |
| 4 | Dell Technologies | 219.04 Bn | 174.80 Bn | 9.83 Bn | 6.23 Bn |
| 5 | Sony | 158.27 Bn | 38.21 Bn | - | - |
| 6 | Sandisk | 129.40 Bn | 114.23 Bn | 9.38 Bn | 318.00 Mn |
| 7 | Seagate Technology Holdings | 114.31 Bn | 109.16 Bn | 2.43 Bn | 129.00 Mn |
| 8 | Western Digital | 105.81 Bn | 95.63 Bn | 2.53 Bn | 269.00 Mn |
| 9 | Hewlett Packard Enterprise | 63.81 Bn | 41.69 Bn | 4.93 Bn | 2.89 Bn |
| 10 | Garmin | 55.33 Bn | 44.88 Bn | 1.26 Bn | 279.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 279.41 Mn |
| Jun 27, 2026 | 114.30 Mn |
| Mar 28, 2026 | 95.06 Mn |
| Dec 27, 2025 | -106.82 Mn |
| Sep 27, 2025 | 118.60 Mn |
| Jun 28, 2025 | 104.04 Mn |
| Mar 29, 2025 | 102.24 Mn |
| Dec 28, 2024 | 14.95 Mn |
| Sep 28, 2024 | 152.50 Mn |
| Jun 29, 2024 | 27.91 Mn |
| Mar 30, 2024 | -16.55 Mn |
| Dec 30, 2023 | -133.05 Mn |
| Sep 30, 2023 | 72,000.00 |
| Jul 1, 2023 | -67.82 Mn |
| Apr 1, 2023 | -43.71 Mn |
| Dec 31, 2022 | -78.99 Mn |
| Sep 24, 2022 | 147.55 Mn |
| Jun 25, 2022 | 159.96 Mn |
| Mar 26, 2022 | 134.81 Mn |
| Dec 25, 2021 | 119.07 Mn |
API Access
Garmin Change in Inventory 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=change-in-inventory&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();