Garmin (GRMN) Operating Income (2009 - 2026)
Garmin (GRMN) posted Operating Income of $615.5 million for Q2 2026, up 42.59% sequentially from $431.7 million in Q1 2026, and up 30.32% YoY from $472.3 million in Q2 2025.
Garmin (GRMN) Operating Income (2009 - 2026) Analysis & Trends
Garmin has reported Operating Income for 17 years, with the latest figure at $615.5 million in Q2 2026.
- Quarterly Operating Income rose 30.32% year-over-year to $615.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.1 billion (up 20.44% YoY) and the FY2025 annual result came in at $1.9 billion, up 17.7% from the prior year.
- Operating Income grew to $615.5 million in Q2 2026 per GRMN's latest filing, from $431.7 million in the prior quarter.
- Over five years, Operating Income peaked at $615.5 million in Q2 2026 and troughed at $197.0 million in Q2 2023.
- A 5-year average of $368.7 million and a median of $336.6 million in 2023 frame the typical range for Operating Income.
- The sharpest annual moves came in 2022 and 2024: Operating Income decreased 21.13% in 2022, then soared 61.81% in 2024.
- Over 5 years, Operating Income stood at $267.2 million in 2022, then climbed by 27.43% to $340.5 million in 2023, then jumped by 51.59% to $516.1 million in 2024, then climbed by 19.0% to $614.2 million in 2025, then rose by 0.22% to $615.5 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $615.5 million, $431.7 million, and $614.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 615.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 407.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | -979.95 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 333.20 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 251.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 209.90 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 132.00 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 85.52 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 83.28 Mn |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 165.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 615.51 Mn |
| Mar 28, 2026 | 431.67 Mn |
| Dec 27, 2025 | 614.15 Mn |
| Sep 27, 2025 | 456.80 Mn |
| Jun 28, 2025 | 472.30 Mn |
| Mar 29, 2025 | 332.82 Mn |
| Dec 28, 2024 | 516.08 Mn |
| Sep 28, 2024 | 437.48 Mn |
| Jun 29, 2024 | 342.03 Mn |
| Mar 30, 2024 | 298.41 Mn |
| Dec 30, 2023 | 340.45 Mn |
| Sep 30, 2023 | 270.37 Mn |
| Jul 1, 2023 | 284.36 Mn |
| Apr 1, 2023 | 196.98 Mn |
| Dec 31, 2022 | 267.17 Mn |
| Sep 24, 2022 | 239.37 Mn |
| Jun 25, 2022 | 292.74 Mn |
| Mar 26, 2022 | 228.56 Mn |
| Dec 25, 2021 | 315.12 Mn |
| Sep 25, 2021 | 282.67 Mn |