Garmin (GRMN) Gross Margin (2009 - 2026)

Garmin (GRMN) posted Gross Margin of 62.41% for Q2 2026, up 5.0% sequentially from 59.44% in Q1 2026, and up 361.0% YoY from 13.54% in Q2 2025.

Garmin (GRMN) Gross Margin (2009 - 2026) Analysis & Trends

Garmin has reported Gross Margin for 17 years, with the latest figure at 62.41% in Q2 2026.

Quarterly Gross Margin rose 361.0% year-over-year to 62.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 60.08% (up 114.0% YoY) and the FY2025 annual result came in at 58.74%, up 4.0% from the prior year.
Gross Margin climbed to 62.41% in Q2 2026 per GRMN's latest filing, from 59.44% in the prior quarter.
Over five years, Gross Margin peaked at 62.41% in Q2 2026 and troughed at 56.49% in Q1 2022.
A 5-year average of 58.44% and a median of 58.51% in 2022 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2026: Gross Margin sank 333 bps in 2022, then jumped 361 bps in 2026.
Over 5 years, Gross Margin stood at 57.03% in 2022, then increased by 2 bps to 58.29% in 2023, then gained by 2 bps to 59.25% in 2024, then dropped by 0 bps to 59.21% in 2025, then grew by 5 bps to 62.41% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 62.41%, 59.44%, and 59.21% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Garmin	56.50 Bn	53.83 Bn	1.26 Bn	62.41%
2	Keysight Technologies	54.05 Bn	51.64 Bn	1.18 Bn	68.61%
3	Coherent	51.08 Bn	49.09 Bn	787.08 Mn	38.48%
4	Teledyne Technologies	29.39 Bn	29.05 Bn	738.10 Mn	44.40%
5	Mks	19.03 Bn	18.41 Bn	595.00 Mn	47.68%
6	Fortive	18.08 Bn	17.71 Bn	695.30 Mn	63.39%
7	Trimble	13.91 Bn	13.70 Bn	674.90 Mn	69.43%
8	Cognex	9.98 Bn	9.58 Bn	205.77 Mn	70.65%
9	Esco Technologies	7.37 Bn	7.30 Bn	141.52 Mn	41.74%
10	Sensata Technologies Holding	6.09 Bn	5.68 Bn	301.80 Mn	30.47%

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