Garmin (GRMN) Exchange Rate Effect (2009 - 2026)
Garmin (GRMN) posted Exchange Rate Effect of -$1.7 million for Q2 2026, up 85.94% sequentially from -$12.3 million in Q1 2026, and down 103.6% YoY from $48.0 million in Q2 2025.
Garmin (GRMN) Exchange Rate Effect (2009 - 2026) Analysis & Trends
Garmin has reported Exchange Rate Effect for 18 years, with the latest figure at -$1.7 million in Q2 2026.
- Quarterly Exchange Rate Effect fell 103.6% year-over-year to -$1.7 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$19.5 million (down 137.41% YoY) and the FY2025 annual result came in at $55.2 million, up 309.88% from the prior year.
- Exchange Rate Effect grew to -$1.7 million in Q2 2026 per GRMN's latest filing, from -$12.3 million in the prior quarter.
- Over five years, Exchange Rate Effect peaked at $48.0 million in Q2 2025 and troughed at -$33.8 million in Q4 2024.
- A 5-year average of $48722.2 and a median of -$3.3 million in 2023 frame the typical range for Exchange Rate Effect.
- The sharpest annual moves came in 2024 and 2025: Exchange Rate Effect tumbled 510.78% in 2024, then soared 1346.83% in 2025.
- Over 5 years, Exchange Rate Effect stood at $16.8 million in 2022, then increased by 20.8% to $20.3 million in 2023, then slumped by 266.48% to -$33.8 million in 2024, then soared by 106.03% to $2.0 million in 2025, then sank by 184.79% to -$1.7 million in 2026.
- According to Business Quant data, Exchange Rate Effect over the past three periods registered -$1.7 million, -$12.3 million, and $2.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | -1.73 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | -1.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | -5.41 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | -5.70 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 2.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 3.10 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | -3.30 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | -254,000.00 |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 95,000.00 |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 1.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | -1.73 Mn |
| Jun 27, 2026 | -1.73 Mn |
| Mar 28, 2026 | -12.29 Mn |
| Mar 28, 2026 | -12.29 Mn |
| Dec 27, 2025 | 2.04 Mn |
| Dec 27, 2025 | 2.04 Mn |
| Sep 27, 2025 | -7.53 Mn |
| Sep 27, 2025 | -7.53 Mn |
| Jun 28, 2025 | 47.98 Mn |
| Jun 28, 2025 | 47.98 Mn |
| Mar 29, 2025 | 12.67 Mn |
| Mar 29, 2025 | 12.67 Mn |
| Dec 28, 2024 | -33.82 Mn |
| Dec 28, 2024 | -33.82 Mn |
| Sep 28, 2024 | 25.30 Mn |
| Sep 28, 2024 | 25.30 Mn |
| Jun 29, 2024 | -3.85 Mn |
| Jun 29, 2024 | -3.85 Mn |
| Mar 30, 2024 | -13.91 Mn |
| Mar 30, 2024 | -13.91 Mn |