Garmin (GRMN) Exchange Rate Effect (2009 - 2026)

Garmin's (GRMN) quarterly Exchange Rate Effect came in at -$12.3 million in Q1 2026, down 196.95% year-on-year from $12.7 million in Q1 2025, and down 702.85% quarter-over-quarter from $2.0 million in Q4 2025.

Garmin (GRMN) Exchange Rate Effect (2009 - 2026) Analysis & Trends

Garmin has disclosed Exchange Rate Effect across 18 years of filings, most recently posting -$12.3 million for Q1 2026.

  • Exchange Rate Effect for Q1 2026 came in at -$12.3 million, down 196.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $30.2 million (up 9901.66% YoY), and the FY2025 annual result was $55.2 million, up 309.88% from the prior year.
  • Exchange Rate Effect came in at -$12.3 million for Q1 2026 at Garmin, down from $2.0 million in the prior quarter.
  • In the past five years, Exchange Rate Effect ranged from a high of $48.0 million in Q2 2025 to a low of -$33.8 million in Q4 2024.
  • The 5-year median for Exchange Rate Effect is -$3.8 million (2024), against an average of $153235.3.
  • Across the five-year window, Exchange Rate Effect tumbled 510.78% in 2024 and jumped 1346.83% in 2025, its largest moves.
  • Garmin's Exchange Rate Effect stood at $16.8 million in 2022, then climbed by 20.8% to $20.3 million in 2023, then slumped by 266.48% to -$33.8 million in 2024, then jumped by 106.03% to $2.0 million in 2025, then tumbled by 702.85% to -$12.3 million in 2026.
  • The last three Exchange Rate Effect figures came in at -$12.3 million (Q1 2026), $2.0 million (Q4 2025), and -$7.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FX Effect (Qtr)
1 Coherent 75.99 Bn 74.70 Bn 679.95 Mn -14.16 Mn
2 Keysight Technologies 56.90 Bn 54.72 Bn 995.00 Mn 7.00 Mn
3 Garmin 45.32 Bn 42.62 Bn 1.04 Bn -12.29 Mn
4 Teledyne Technologies 28.36 Bn 28.06 Bn 673.80 Mn -300,000.00
5 Mks 21.03 Bn 20.46 Bn 507.00 Mn 3.00 Mn
6 Fortive 18.96 Bn 18.61 Bn 675.50 Mn 1.00 Mn
7 Trimble 12.56 Bn 12.32 Bn 646.30 Mn -3.00 Mn
8 Cognex 10.39 Bn 10.09 Bn 190.94 Mn -2.57 Mn
9 Esco Technologies 7.65 Bn 7.56 Bn 131.32 Mn -1.98 Mn
10 Sensata Technologies Holding 7.33 Bn 6.69 Bn 286.30 Mn 800,000.00

Historic Data

Download Data
DateValue
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
Dec 30, 2023 20.31 Mn
Dec 30, 2023 20.31 Mn