Garmin (GRMN) Net Income (2009 - 2026)

Garmin (GRMN) posted Net Income of $405.1 million for Q1 2026, down 33.73% sequentially from $611.2 million in Q4 2025, and up 21.73% YoY from $332.8 million in Q1 2025.

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

Garmin (GRMN) has 18 years of Net Income data on file, last reported at $405.1 million in Q1 2026.

  • Quarterly Net Income rose 21.73% year-over-year to $405.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 10.17% YoY) and the FY2025 annual result came in at $1.7 billion, up 9.56% from the prior year.
  • Net Income eased to $405.1 million in Q1 2026 per GRMN's latest filing, from $611.2 million in the prior quarter.
  • The five-year high for Net Income was $618.4 million in Q4 2024, with the low at $202.3 million in Q2 2023.
  • Average Net Income over 5 years is $345.1 million, with a median of $322.7 million recorded in 2022.
  • Year-over-year, Net Income slipped 18.65% in 2022 and jumped 66.71% in 2024.
  • Garmin's Net Income stood at $322.7 million in 2022, then rose by 14.94% to $370.9 million in 2023, then jumped by 66.71% to $618.4 million in 2024, then dropped by 1.15% to $611.2 million in 2025, then slumped by 33.73% to $405.1 million in 2026.
  • Business Quant data shows GRMN's Net Income at $405.1 million in Q1 2026, $611.2 million in Q4 2025, and $401.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Coherent 3,591.32 Bn 3,590.02 Bn 679.95 Mn 181.67 Mn
2 Novanta 69.39 Bn 69.00 Bn 113.58 Mn 21.10 Mn
3 Keysight Technologies 57.75 Bn 55.57 Bn 995.00 Mn 281.00 Mn
4 Teledyne Technologies 30.63 Bn 30.33 Bn 673.80 Mn 226.80 Mn
5 Fortive 19.14 Bn 18.79 Bn 675.50 Mn -
6 Trimble 12.33 Bn 12.10 Bn 646.30 Mn 98.90 Mn
7 Cognex 11.87 Bn 11.58 Bn 190.94 Mn 51.70 Mn
8 Sensata Technologies Holding 6.78 Bn 6.14 Bn 286.30 Mn 87.10 Mn
9 Garmin 4.63 Bn 1.93 Bn 1.04 Bn 405.08 Mn
10 Badger Meter 4.28 Bn 4.07 Bn 84.33 Mn 27.34 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