Garmin (GRMN) Operating Leases (2019 - 2026)
Garmin (GRMN) posted Operating Leases of $178.0 million for Q2 2026, up 6.17% sequentially from $167.6 million in Q1 2026, and up 19.75% YoY from $148.6 million in Q2 2025.
Garmin (GRMN) Operating Leases (2019 - 2026) Analysis & Trends
Garmin has reported Operating Leases for 8 years, with the latest figure at $178.0 million in Q2 2026.
- Quarterly Operating Leases rose 19.75% year-over-year to $178.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $178.0 million (up 19.75% YoY) and the FY2025 annual result came in at $164.8 million, up 22.2% from the prior year.
- Operating Leases grew to $178.0 million in Q2 2026 per GRMN's latest filing, from $167.6 million in the prior quarter.
- Over five years, Operating Leases peaked at $178.0 million in Q2 2026 and troughed at $82.1 million in Q1 2022.
- A 5-year average of $125.4 million and a median of $112.2 million in 2023 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2024: Operating Leases jumped 63.53% in 2022, then slipped 7.74% in 2024.
- Over 5 years, Operating Leases stood at $114.5 million in 2022, then decreased by 1.31% to $113.0 million in 2023, then increased by 19.33% to $134.9 million in 2024, then gained by 22.2% to $164.8 million in 2025, then advanced by 7.96% to $178.0 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $178.0 million, $167.6 million, and $164.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 177.96 Mn |
| Mar 28, 2026 | 167.61 Mn |
| Dec 27, 2025 | 164.84 Mn |
| Sep 27, 2025 | 155.77 Mn |
| Jun 28, 2025 | 148.61 Mn |
| Mar 29, 2025 | 140.24 Mn |
| Dec 28, 2024 | 134.89 Mn |
| Sep 28, 2024 | 109.83 Mn |
| Jun 29, 2024 | 102.17 Mn |
| Mar 30, 2024 | 105.86 Mn |
| Dec 30, 2023 | 113.04 Mn |
| Sep 30, 2023 | 111.04 Mn |
| Jul 1, 2023 | 110.74 Mn |
| Apr 1, 2023 | 111.39 Mn |
| Dec 31, 2022 | 114.54 Mn |
| Sep 24, 2022 | 100.18 Mn |
| Jun 25, 2022 | 106.95 Mn |
| Mar 26, 2022 | 82.13 Mn |
| Dec 25, 2021 | 70.04 Mn |
| Sep 25, 2021 | 71.53 Mn |