Garmin (GRMN) Net Income (2009 - 2026)
Garmin (GRMN) posted Net Income of $541.9 million for Q2 2026, up 33.78% sequentially from $405.1 million in Q1 2026, and up 35.2% YoY from $400.8 million in Q2 2025.
Garmin (GRMN) Net Income (2009 - 2026) Analysis & Trends
Garmin has reported Net Income for 18 years, with the latest figure at $541.9 million in Q2 2026.
- Quarterly Net Income rose 35.2% year-over-year to $541.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.9 billion (up 26.95% YoY) and the FY2025 annual result came in at $1.7 billion, up 25.88% from the prior year.
- Net Income climbed to $541.9 million in Q2 2026 per GRMN's latest filing, from $405.1 million in the prior quarter.
- Over five years, Net Income peaked at $541.9 million in Q2 2026 and troughed at $202.3 million in Q2 2023.
- A 5-year average of $336.3 million and a median of $327.7 million in 2022 frame the typical range for Net Income.
- The sharpest annual moves came in 2022 and 2024: Net Income retreated 18.65% in 2022, then jumped 55.15% in 2024.
- Over 5 years, Net Income stood at $322.7 million in 2022, then increased by 14.94% to $370.9 million in 2023, then decreased by 6.69% to $346.1 million in 2024, then surged by 52.76% to $528.7 million in 2025, then increased by 2.5% to $541.9 million in 2026.
- According to Business Quant data, Net Income over the past three periods registered $541.9 million, $405.1 million, and $528.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.87 Bn | 54.20 Bn | 1.26 Bn | 541.92 Mn |
| 2 | Keysight Technologies | 53.85 Bn | 51.44 Bn | 1.18 Bn | 349.00 Mn |
| 3 | Coherent | 51.16 Bn | 49.17 Bn | 787.08 Mn | 236.20 Mn |
| 4 | Teledyne Technologies | 29.21 Bn | 28.87 Bn | 738.10 Mn | 251.70 Mn |
| 5 | Mks | 18.86 Bn | 18.25 Bn | 595.00 Mn | 175.00 Mn |
| 6 | Fortive | 18.20 Bn | 17.82 Bn | 695.30 Mn | 157.30 Mn |
| 7 | Trimble | 14.01 Bn | 13.80 Bn | 674.90 Mn | -471.70 Mn |
| 8 | Cognex | 10.05 Bn | 9.64 Bn | 205.77 Mn | 72.76 Mn |
| 9 | Esco Technologies | 7.47 Bn | 7.39 Bn | 141.52 Mn | 32.74 Mn |
| 10 | Sensata Technologies Holding | 6.24 Bn | 5.84 Bn | 301.80 Mn | 102.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 541.92 Mn |
| Mar 28, 2026 | 405.08 Mn |
| Dec 27, 2025 | 528.68 Mn |
| Sep 27, 2025 | 401.62 Mn |
| Jun 28, 2025 | 400.82 Mn |
| Mar 29, 2025 | 332.77 Mn |
| Dec 28, 2024 | 346.09 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 | 308.84 Mn |
| Sep 25, 2021 | 259.04 Mn |