Garmin (GRMN) Net Income (2009 - 2026)
Garmin (GRMN) posted Net Income of $541.92 million for Q2 2026, up 35.2% from $400.82 million a year earlier and up 33.8% from the prior quarter.
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Analysis
Garmin (GRMN) Net Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 27, 2026, Net Income at Garmin was $1.88 billion, up 19.7% year-over-year; for FY2025, it came in at $1.66 billion, up 17.9% from FY2024.
- Annual Net Income has increased for three consecutive years, with a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
- In prior years, Garmin's Net Income was $1.41 billion in FY2024 (+9.4%), $1.29 billion in FY2023 (+32.5%), $973.59 million in FY2022 (-10.0%) and $1.08 billion in FY2021 (+9.1%).
- The Q2 2026 figure stands as the highest quarterly Net Income in data going back to Q1 2009.
- On a year-over-year basis, Net Income has increased in each of the last 13 quarters, with growth averaging 25.7% over the last eight quarters.
- The strongest year-over-year quarter for Net Income in the past five years was Q3 2024, with growth of 55.1%; the weakest was Q2 2022, with a decline of 18.7%.
- According to Business Quant data, Net Income for the three prior quarters was $405.08 million (Q1 2026), $528.68 million (Q4 2025) and $401.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,987.03 Bn | 4,734.52 Bn | 54.77 Bn | 29.79 Bn |
| 2 | Cisco Systems | 424.77 Bn | 360.70 Bn | 11.06 Bn | 3.86 Bn |
| 3 | Dell Technologies | 313.86 Bn | 269.62 Bn | 9.83 Bn | 4.13 Bn |
| 4 | Arista Networks | 230.18 Bn | 183.64 Bn | 1.91 Bn | 1.21 Bn |
| 5 | Sandisk | 200.81 Bn | 189.33 Bn | 7.58 Bn | 6.90 Bn |
| 6 | Seagate Technology Holdings | 151.90 Bn | 146.89 Bn | 1.90 Bn | 1.29 Bn |
| 7 | Sony | 150.21 Bn | 87.47 Bn | 6.53 Bn | 2.20 Bn |
| 8 | Western Digital | 128.63 Bn | 116.76 Bn | 2.03 Bn | 3.20 Bn |
| 9 | Hewlett Packard Enterprise | 77.49 Bn | 55.37 Bn | 4.93 Bn | 1.54 Bn |
| 10 | Garmin | 56.02 Bn | 45.38 Bn | 1.26 Bn | 541.92 Mn |
Historic Data
Download Data
Historic 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 | 435.73 Mn |
| Sep 28, 2024 | 399.11 Mn |
| Jun 29, 2024 | 300.63 Mn |
| Mar 30, 2024 | 275.96 Mn |
| Dec 30, 2023 | 542.13 Mn |
| Sep 30, 2023 | 257.24 Mn |
| Jul 1, 2023 | 287.94 Mn |
| Apr 1, 2023 | 202.33 Mn |
| Dec 31, 2022 | 293.27 Mn |
| Sep 24, 2022 | 210.85 Mn |
| Jun 25, 2022 | 257.87 Mn |
| Mar 26, 2022 | 211.59 Mn |
| Dec 25, 2021 | 286.14 Mn |
| Sep 25, 2021 | 259.04 Mn |
API Access
Garmin Net Income 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=net-income&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();