Garmin (GRMN) Gross Margin (2009 - 2026)

Garmin has disclosed Gross Margin across 17 years of filings, most recently posting 62.41% for Q2 2026.

• In Q2 2026, Gross Margin rose 361.0% year-over-year to 62.41%; the TTM figure through Jun 2026 stood at 60.08% (up 114.0% YoY), while the FY2025 annual figure was 58.74%, up 4.0% from the prior year.
• Gross Margin came in at 62.41% for Q2 2026 at Garmin, up from 59.44% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 62.41% in Q2 2026 to a low of 56.49% in Q1 2022.
• Average Gross Margin over 5 years is 58.44%, with a median of 58.51% recorded in 2022.
• Year-over-year, Gross Margin plunged 333 bps in 2022 and soared 361 bps in 2026.
• Over 5 years, Gross Margin stood at 57.03% in 2022, then climbed by 2 bps to 58.29% in 2023, then increased by 2 bps to 59.25% in 2024, then decreased by 0 bps to 59.21% in 2025, then advanced by 5 bps to 62.41% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 62.41% in Q2 2026, 59.44% in Q1 2026, and 59.21% in Q4 2025.