Garmin (GRMN) Operating Income (2009 - 2026)
Garmin (GRMN) reported Operating Income of $615.51 million for Q2 2026, up 30.3% from $472.3 million a year earlier and up 42.6% from the prior quarter.
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Analysis
Garmin (GRMN) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Garmin's Operating Income came in at $2.12 billion, up 20.4% year-over-year; for FY2025, it came in at $1.88 billion, up 17.7% from FY2024.
- Operating Income has increased for three consecutive years, with a five-year compound annual growth rate of 12.2% (FY2020 to FY2025).
- By year, Operating Income came in at $1.59 billion in FY2024 (+45.9%), $1.09 billion in FY2023 (+6.3%), $1.03 billion in FY2022 (-15.7%) and $1.22 billion in FY2021 (+15.6%).
- The Q2 2026 figure ranks as the highest quarterly Operating Income in data going back to Q1 2009.
- Year over year, Operating Income has now increased in each of the last 12 quarters, with growth averaging 30.8% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q3 2024 (growth of 61.8%); the low point was Q2 2022 (a decline of 21.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $431.67 million (Q1 2026), $614.15 million (Q4 2025) and $456.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 35.70 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 4.26 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 5.39 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 1.38 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 7.04 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 1.56 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 1.56 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 2.99 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 279.30 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 615.51 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Garmin Operating 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=operating-income&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-income&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();