Garmin (GRMN) Net Income (2009 - 2026)

Garmin's (GRMN) quarterly Net Income came in at $405.1 million in Q1 2026, up 21.73% year-on-year from $332.8 million in Q1 2025, and down 33.73% quarter-over-quarter from $611.2 million in Q4 2025.

Garmin (GRMN) Net Income (2009 - 2026) Analysis & Trends

Garmin has disclosed Net Income across 18 years of filings, most recently posting $405.1 million for Q1 2026.

  • Net Income for Q1 2026 came in at $405.1 million, up 21.73% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 10.17% YoY), and the FY2025 annual result was $1.7 billion, up 9.56% from the prior year.
  • Net Income came in at $405.1 million for Q1 2026 at Garmin, down from $611.2 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of $618.4 million in Q4 2024 to a low of $202.3 million in Q2 2023.
  • The 5-year median for Net Income is $322.7 million (2022), against an average of $345.1 million.
  • Across the five-year window, Net Income declined 18.65% in 2022 and soared 66.71% in 2024, its largest moves.
  • Garmin's Net Income stood at $322.7 million in 2022, then climbed by 14.94% to $370.9 million in 2023, then jumped by 66.71% to $618.4 million in 2024, then retreated by 1.15% to $611.2 million in 2025, then sank by 33.73% to $405.1 million in 2026.
  • The last three Net Income figures came in at $405.1 million (Q1 2026), $611.2 million (Q4 2025), and $401.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Coherent 67.67 Bn 66.37 Bn 679.95 Mn 181.67 Mn
2 Keysight Technologies 57.00 Bn 54.83 Bn 995.00 Mn 281.00 Mn
3 Garmin 45.82 Bn 43.12 Bn 1.04 Bn 405.08 Mn
4 Teledyne Technologies 28.64 Bn 28.34 Bn 673.80 Mn 226.80 Mn
5 Mks 21.67 Bn 21.10 Bn 507.00 Mn 84.00 Mn
6 Fortive 19.42 Bn 19.07 Bn 675.50 Mn -
7 Trimble 12.42 Bn 12.19 Bn 646.30 Mn 98.90 Mn
8 Cognex 10.23 Bn 9.94 Bn 190.94 Mn 51.70 Mn
9 Esco Technologies 7.86 Bn 7.77 Bn 131.32 Mn 1.18 Mn
10 Sensata Technologies Holding 7.28 Bn 6.64 Bn 286.30 Mn 87.10 Mn

Historic Data

Download Data
DateValue
Mar 28, 2026 405.08 Mn
Dec 27, 2025 611.23 Mn
Sep 27, 2025 401.62 Mn
Jun 28, 2025 400.82 Mn
Mar 29, 2025 332.77 Mn
Dec 28, 2024 618.35 Mn
Sep 28, 2024 399.11 Mn
Jun 29, 2024 300.63 Mn
Mar 30, 2024 275.96 Mn
Dec 30, 2023 370.92 Mn
Sep 30, 2023 257.24 Mn
Jul 1, 2023 287.94 Mn
Apr 1, 2023 202.33 Mn
Dec 31, 2022 322.71 Mn
Sep 24, 2022 210.85 Mn
Jun 25, 2022 257.87 Mn
Mar 26, 2022 211.59 Mn
Dec 25, 2021 237.41 Mn
Sep 25, 2021 259.04 Mn
Jun 26, 2021 317.00 Mn