Garmin (GRMN) Non-Current Deffered Revenue (2009 - 2026)
Garmin (GRMN) reported Non-Current Deffered Revenue of $22.07 million for Q2 2026, down 10.1% from $24.55 million a year earlier and down 2.0% from the prior quarter.
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Analysis
Garmin (GRMN) Non-Current Deffered Revenue (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin posted Non-Current Deffered Revenue of $22.28 million, down 21.3% from FY2024.
- Non-Current Deffered Revenue has a five-year compound annual growth rate of -14.9% (FY2020 to FY2025).
- By year, Non-Current Deffered Revenue came in at $28.32 million in FY2024 (-21.7%), $36.15 million in FY2023 (+1.2%), $35.7 million in FY2022 (-14.2%) and $41.62 million in FY2021 (-16.7%).
- The Q2 2026 figure ranks as the lowest quarterly Non-Current Deffered Revenue in data going back to Q4 2009.
- Year over year, Non-Current Deffered Revenue has now declined in each of the last ten quarters, with an average decline of 18.8% over the last eight quarters.
- The high point for year-over-year Non-Current Deffered Revenue in five years was Q4 2023 (growth of 1.2%); the low point was Q1 2025 (a decline of 24.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $22.53 million (Q1 2026), $22.28 million (Q4 2025) and $23.19 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Deffered Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,040.97 Bn | 4,788.46 Bn | 54.77 Bn | - |
| 2 | Cisco Systems | 424.45 Bn | 360.38 Bn | 11.06 Bn | 12.79 Bn |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn | 14.96 Bn |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn | 1.77 Bn |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn | 393.00 Mn |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn | - |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn | - |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn | - |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn | - |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn | 22.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 22.07 Mn |
| Mar 28, 2026 | 22.53 Mn |
| Dec 27, 2025 | 22.28 Mn |
| Sep 27, 2025 | 23.19 Mn |
| Jun 28, 2025 | 24.55 Mn |
| Mar 29, 2025 | 25.53 Mn |
| Dec 28, 2024 | 28.32 Mn |
| Sep 28, 2024 | 30.23 Mn |
| Jun 29, 2024 | 31.85 Mn |
| Mar 30, 2024 | 33.93 Mn |
| Dec 30, 2023 | 36.15 Mn |
| Sep 30, 2023 | 35.53 Mn |
| Jul 1, 2023 | 35.94 Mn |
| Apr 1, 2023 | 34.38 Mn |
| Dec 31, 2022 | 35.70 Mn |
| Sep 24, 2022 | 37.07 Mn |
| Jun 25, 2022 | 38.30 Mn |
| Mar 26, 2022 | 39.06 Mn |
| Dec 25, 2021 | 41.62 Mn |
| Sep 25, 2021 | 42.02 Mn |
API Access
Garmin Non-Current Deffered Revenue 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=non-current-deffered-revenue&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deffered-revenue", "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=non-current-deffered-revenue&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();