Garmin (GRMN) Inventory (2009 - 2026)
Garmin (GRMN) reported Inventory of $1.97 billion for Q2 2026, up 10.0% from $1.79 billion a year earlier and up 6.3% from the prior quarter.
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Analysis
Garmin (GRMN) Inventory (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin posted Inventory of $1.77 billion, up 20.2% from FY2024.
- Inventory has a five-year compound annual growth rate of 18.4% (FY2020 to FY2025).
- By year, Inventory came in at $1.47 billion in FY2024 (+9.5%), $1.35 billion in FY2023 (-11.2%), $1.52 billion in FY2022 (+23.4%) and $1.23 billion in FY2021 (+61.1%).
- The Q2 2026 figure ranks as the highest quarterly Inventory in data going back to Q2 2009.
- Year over year, Inventory has now increased in each of the last eight quarters, with growth averaging 17.9% over the last eight quarters.
- The high point for year-over-year Inventory in five years was Q4 2021 (growth of 61.1%); the low point was Q1 2024 (a decline of 12.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.85 billion (Q1 2026), $1.77 billion (Q4 2025) and $1.89 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 11.09 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 5.69 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 21.29 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 2.54 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 2.70 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 1.57 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 1.51 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 8.56 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 691.60 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 1.97 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 1.97 Bn |
| Mar 28, 2026 | 1.85 Bn |
| Dec 27, 2025 | 1.77 Bn |
| Sep 27, 2025 | 1.89 Bn |
| Jun 28, 2025 | 1.79 Bn |
| Mar 29, 2025 | 1.58 Bn |
| Dec 28, 2024 | 1.47 Bn |
| Sep 28, 2024 | 1.51 Bn |
| Jun 29, 2024 | 1.32 Bn |
| Mar 30, 2024 | 1.30 Bn |
| Dec 30, 2023 | 1.35 Bn |
| Sep 30, 2023 | 1.44 Bn |
| Jul 1, 2023 | 1.40 Bn |
| Apr 1, 2023 | 1.48 Bn |
| Dec 31, 2022 | 1.52 Bn |
| Sep 24, 2022 | 1.53 Bn |
| Jun 25, 2022 | 1.45 Bn |
| Mar 26, 2022 | 1.34 Bn |
| Dec 25, 2021 | 1.23 Bn |
| Sep 25, 2021 | 1.11 Bn |
API Access
Garmin Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=inventory&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=inventory&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();