Garmin (GRMN) Long-Term Deferred Tax (2009 - 2026)
Garmin (GRMN) posted Long-Term Deferred Tax of $717.8 million for Q2 2026, down 0.57% sequentially from $721.9 million in Q1 2026, and down 15.81% YoY from $852.6 million in Q2 2025.
Garmin (GRMN) Long-Term Deferred Tax (2009 - 2026) Analysis & Trends
Garmin has reported Long-Term Deferred Tax for 18 years, with the latest figure at $717.8 million in Q2 2026.
- Quarterly Long-Term Deferred Tax fell 15.81% year-over-year to $717.8 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $717.8 million (down 15.81% YoY) and the FY2025 annual result came in at $718.1 million, down 12.7% from the prior year.
- Long-Term Deferred Tax retreated to $717.8 million in Q2 2026 per GRMN's latest filing, from $721.9 million in the prior quarter.
- Over five years, Long-Term Deferred Tax peaked at $852.6 million in Q2 2025 and troughed at $301.7 million in Q1 2022.
- A 5-year average of $637.5 million and a median of $720.0 million in 2025 frame the typical range for Long-Term Deferred Tax.
- The sharpest annual moves came in 2023 and 2026: Long-Term Deferred Tax surged 71.09% in 2023, then slipped 15.81% in 2026.
- Over 5 years, Long-Term Deferred Tax stood at $441.1 million in 2022, then soared by 71.09% to $754.6 million in 2023, then rose by 9.0% to $822.5 million in 2024, then fell by 12.7% to $718.1 million in 2025, then dropped by 0.04% to $717.8 million in 2026.
- According to Business Quant data, Long-Term Deferred Tax over the past three periods registered $717.8 million, $721.9 million, and $718.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn |
| 10 | Sensata Technologies Holding | 6.22 Bn | 5.82 Bn | 301.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 717.80 Mn |
| Mar 28, 2026 | 721.89 Mn |
| Dec 27, 2025 | 718.09 Mn |
| Sep 27, 2025 | 782.09 Mn |
| Jun 28, 2025 | 852.55 Mn |
| Mar 29, 2025 | 831.82 Mn |
| Dec 28, 2024 | 822.52 Mn |
| Sep 28, 2024 | 787.85 Mn |
| Jun 29, 2024 | 777.02 Mn |
| Mar 30, 2024 | 763.08 Mn |
| Dec 30, 2023 | 754.64 Mn |
| Sep 30, 2023 | 514.88 Mn |
| Jul 1, 2023 | 493.94 Mn |
| Apr 1, 2023 | 455.10 Mn |
| Dec 31, 2022 | 441.07 Mn |
| Sep 24, 2022 | 390.11 Mn |
| Jun 25, 2022 | 348.00 Mn |
| Mar 26, 2022 | 301.72 Mn |
| Dec 25, 2021 | 260.21 Mn |
| Sep 25, 2021 | 251.98 Mn |