Garmin (GRMN) Deferred Taxes (2009 - 2026)
Garmin (GRMN) posted Deferred Taxes of $117000.0 for Q2 2026, down 96.46% sequentially from $3.3 million in Q1 2026, and up 100.31% YoY from $58410.5 in Q2 2025.
Garmin (GRMN) Deferred Taxes (2009 - 2026) Analysis & Trends
Garmin has reported Deferred Taxes for 18 years, with the latest figure at $117000.0 in Q2 2026.
- Quarterly Deferred Taxes rose 100.31% year-over-year to $117000.0 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $135.7 million (up 232.91% YoY) and the FY2025 annual result came in at $82.5 million, up 193.66% from the prior year.
- Deferred Taxes retreated to $117000.0 in Q2 2026 per GRMN's latest filing, from $3.3 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $69.1 million in Q3 2025 and troughed at -$250.6 million in Q4 2023.
- A 5-year average of -$27.0 million and a median of -$23.7 million in 2022 frame the typical range for Deferred Taxes.
- The sharpest annual moves came in 2022 and 2025: Deferred Taxes slumped 5330.58% in 2022, then jumped 479.8% in 2025.
- Over 5 years, Deferred Taxes stood at -$42.2 million in 2022, then slumped by 494.41% to -$250.6 million in 2023, then soared by 86.36% to -$34.2 million in 2024, then soared by 285.02% to $63.2 million in 2025, then plunged by 99.81% to $117000.0 in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered $117000.0, $3.3 million, and $63.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 117,000.00 |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | -29.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | -60.70 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | - |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | -20.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | - |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 1.00 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | -356,000.00 |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | -19,000.00 |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | -11.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 117,000.00 |
| Mar 28, 2026 | 3.30 Mn |
| Dec 27, 2025 | 63.22 Mn |
| Sep 27, 2025 | 69.08 Mn |
| Jun 28, 2025 | -38.16 Mn |
| Mar 29, 2025 | -11.59 Mn |
| Dec 28, 2024 | -34.17 Mn |
| Sep 28, 2024 | -18.19 Mn |
| Jun 29, 2024 | -26.17 Mn |
| Mar 30, 2024 | -9.61 Mn |
| Dec 30, 2023 | -250.56 Mn |
| Sep 30, 2023 | -21.36 Mn |
| Jul 1, 2023 | -53.15 Mn |
| Apr 1, 2023 | -15.71 Mn |
| Dec 31, 2022 | -42.15 Mn |
| Sep 24, 2022 | -34.75 Mn |
| Jun 25, 2022 | -40.39 Mn |
| Mar 26, 2022 | -26.00 Mn |
| Dec 25, 2021 | -13.73 Mn |
| Sep 25, 2021 | 2.80 Mn |