Garmin (GRMN) Operating Expenses (2009 - 2026)
Garmin (GRMN) posted Operating Expenses of $646.5 million for Q2 2026, up 5.88% sequentially from $610.6 million in Q1 2026, and up 8.71% YoY from $594.7 million in Q2 2025.
Garmin (GRMN) Operating Expenses (2009 - 2026) Analysis & Trends
Garmin has reported Operating Expenses for 17 years, with the latest figure at $646.5 million in Q2 2026.
- Quarterly Operating Expenses rose 8.71% year-over-year to $646.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.5 billion (up 11.98% YoY) and the FY2025 annual result came in at $2.4 billion, up 13.21% from the prior year.
- Operating Expenses improved to $646.5 million in Q2 2026 per GRMN's latest filing, from $610.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $646.5 million in Q2 2026 and troughed at $431.1 million in Q3 2022.
- A 5-year average of $524.0 million and a median of $517.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses advanced 4.32% in 2022, then rose 14.7% in 2025.
- Over 5 years, Operating Expenses stood at $477.8 million in 2022, then advanced by 9.61% to $523.7 million in 2023, then increased by 7.67% to $563.8 million in 2024, then grew by 14.23% to $644.1 million in 2025, then gained by 0.37% to $646.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $646.5 million, $610.6 million, and $644.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 825.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 646.51 Mn |
| Mar 28, 2026 | 610.62 Mn |
| Dec 27, 2025 | 644.11 Mn |
| Sep 27, 2025 | 589.68 Mn |
| Jun 28, 2025 | 594.72 Mn |
| Mar 29, 2025 | 551.72 Mn |
| Dec 28, 2024 | 563.84 Mn |
| Sep 28, 2024 | 514.12 Mn |
| Jun 29, 2024 | 520.86 Mn |
| Mar 30, 2024 | 503.73 Mn |
| Dec 30, 2023 | 523.70 Mn |
| Sep 30, 2023 | 458.20 Mn |
| Jul 1, 2023 | 475.09 Mn |
| Apr 1, 2023 | 455.81 Mn |
| Dec 31, 2022 | 477.80 Mn |
| Sep 24, 2022 | 431.13 Mn |
| Jun 25, 2022 | 436.09 Mn |
| Mar 26, 2022 | 433.92 Mn |
| Dec 25, 2021 | 456.99 Mn |
| Sep 25, 2021 | 413.28 Mn |