Garmin (GRMN) Operating Income (2009 - 2026)

Garmin's (GRMN) quarterly Operating Income came in at $431.7 million in Q1 2026, up 29.7% year-on-year from $332.8 million in Q1 2025, and down 29.71% quarter-over-quarter from $614.2 million in Q4 2025.

Garmin (GRMN) Operating Income (2009 - 2026) Analysis & Trends

Garmin has disclosed Operating Income across 17 years of filings, most recently posting $431.7 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $431.7 million, up 29.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 1006.26% YoY), and the FY2025 annual result was $1.9 billion, up 1201.85% from the prior year.
  • Operating Income came in at $431.7 million for Q1 2026 at Garmin, down from $614.2 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $614.2 million in Q4 2025 to a low of -$933.8 million in Q4 2024.
  • The 5-year median for Operating Income is $298.4 million (2024), against an average of $268.9 million.
  • Across the five-year window, Operating Income sank 374.28% in 2024 and soared 165.77% in 2025, its largest moves.
  • Garmin's Operating Income stood at $267.2 million in 2022, then gained by 27.43% to $340.5 million in 2023, then tumbled by 374.28% to -$933.8 million in 2024, then soared by 165.77% to $614.2 million in 2025, then dropped by 29.71% to $431.7 million in 2026.
  • The last three Operating Income figures came in at $431.7 million (Q1 2026), $614.2 million (Q4 2025), and $456.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Coherent 67.67 Bn 66.37 Bn 679.95 Mn -941.35 Mn
2 Keysight Technologies 57.00 Bn 54.83 Bn 995.00 Mn 248.00 Mn
3 Garmin 45.82 Bn 43.12 Bn 1.04 Bn 431.67 Mn
4 Teledyne Technologies 28.64 Bn 28.34 Bn 673.80 Mn 294.20 Mn
5 Mks 21.67 Bn 21.10 Bn 507.00 Mn 149.00 Mn
6 Fortive 19.42 Bn 19.07 Bn 675.50 Mn 191.70 Mn
7 Trimble 12.42 Bn 12.19 Bn 646.30 Mn 144.00 Mn
8 Cognex 10.23 Bn 9.94 Bn 190.94 Mn 59.87 Mn
9 Esco Technologies 7.86 Bn 7.77 Bn 131.32 Mn 22.49 Mn
10 Sensata Technologies Holding 7.28 Bn 6.64 Bn 286.30 Mn 141.60 Mn

Historic Data

Download Data
DateValue
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 -933.80 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
Jun 26, 2021 371.17 Mn