Garmin (GRMN) Net Income (2009 - 2026)
Garmin's (GRMN) quarterly Net Income came in at $541.9 million in Q2 2026, up 35.2% year-over-year from $400.8 million in Q2 2025, and up 33.78% quarter-over-quarter from $405.1 million in Q1 2026.
Analysis
Garmin (GRMN) Net Income (2009 - 2026) Analysis & Trends
Garmin has disclosed Net Income across 18 years of filings, most recently posting $541.9 million for Q2 2026.
- In Q2 2026, Net Income rose 35.2% year-over-year to $541.9 million; the TTM figure through Jun 2026 stood at $1.9 billion (up 26.95% YoY), while the FY2025 annual figure was $1.7 billion, up 25.88% from the prior year.
- Net Income came in at $541.9 million for Q2 2026 at Garmin, up from $405.1 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $541.9 million in Q2 2026 to a low of $202.3 million in Q2 2023.
- Average Net Income over 5 years is $336.3 million, with a median of $327.7 million recorded in 2022.
- The largest YoY upside for Net Income was 105.15% in 2022 against a maximum downside of 18.65% in 2022.
- Over 5 years, Net Income stood at $322.7 million in 2022, then climbed by 14.94% to $370.9 million in 2023, then fell by 6.69% to $346.1 million in 2024, then soared by 52.76% to $528.7 million in 2025, then climbed by 2.5% to $541.9 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were $541.9 million in Q2 2026, $405.1 million in Q1 2026, and $528.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,784.34 Bn | 4,721.94 Bn | 54.77 Bn | 29.79 Bn |
| 2 | Garmin | 52.47 Bn | 49.80 Bn | 1.26 Bn | 541.92 Mn |
| 3 | Vuzix | 212.26 Mn | 194.96 Mn | -645,411.00 | -7.63 Mn |
| 4 | Zepp Health | 77.84 Mn | 8.18 Mn | 23.73 Mn | -10.05 Mn |
| 5 | Foxx Development Holdings | 18.87 Mn | 15.68 Mn | -1.45 Mn | -36.27 Mn |
| 6 | Wearable Devices | 741,166.25 | -18.10 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 | 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 | 157.30 Mn |
| Sep 25, 2021 | 259.04 Mn |