Garmin Ltd (GRMN) stock
GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26
Financials through Q3 FY2026, quarter ended Sep 26, 2026Last filing: 10-Q on Oct 28, 2026Score 22/3011% above fair value
$286.18−7.75 (-2.64%)
Close on Nov 12, 2026Market cap $55.15BP/E 27.5Yield –
Garmin gross margin
Gross margin is gross profit as a percentage of revenue.
Garmin's gross margin for the twelve months ending Sep 26, 2026 was 61.1%. For fiscal 2025 it was 58.7%, against 58.7% the year before. The highest annual figure on record is 59.5% in fiscal 2019.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 27, 2025 | 58.7% | +0.0 |
| FY2024 | Dec 28, 2024 | 58.7% | +1.2 |
| FY2023 | Dec 30, 2023 | 57.5% | −0.3 |
| FY2022 | Dec 31, 2022 | 57.7% | −0.3 |
| FY2021 | Dec 25, 2021 | 58.0% | −1.3 |
| FY2020 | Dec 26, 2020 | 59.3% | −0.2 |
| FY2019 | Dec 28, 2019 | 59.5% | +0.3 |
| FY2018 | Dec 29, 2018 | 59.1% | +1.5 |
| FY2017 | Dec 30, 2017 | 57.6% | +2.2 |
| FY2016 | Dec 31, 2016 | 55.4% | +0.9 |
| FY2015 | Dec 26, 2015 | 54.6% | −1.3 |
| FY2014 | Dec 27, 2014 | 55.9% | +2.4 |
| FY2013 | Dec 28, 2013 | 53.5% | +0.5 |
| FY2012 | Dec 29, 2012 | 53.0% | +4.4 |
| FY2011 | Dec 31, 2011 | 48.5% | −1.5 |
| FY2010 | Dec 25, 2010 | 50.1% | +1.0 |
| FY2009 | Dec 26, 2009 | 49.0% | +4.6 |
| FY2008 | Dec 27, 2008 | 44.5% | −1.5 |
| FY2007 | Dec 29, 2007 | 46.0% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 26, 2026 | 63.3% | +4.2 |
| Q2 FY2026 | Jun 27, 2026 | 62.4% | +3.6 |
| Q1 FY2026 | Mar 28, 2026 | 59.4% | +1.8 |
| Q4 FY2025 | Dec 27, 2025 | 59.2% | −0.0 |
| Q3 FY2025 | Sep 27, 2025 | 59.1% | −0.9 |
| Q2 FY2025 | Jun 28, 2025 | 58.8% | +1.5 |
| Q1 FY2025 | Mar 29, 2025 | 57.6% | −0.4 |
| Q4 FY2024 | Dec 28, 2024 | 59.3% | +1.0 |
| Q3 FY2024 | Sep 28, 2024 | 60.0% | +3.0 |
| Q2 FY2024 | Jun 29, 2024 | 57.3% | −0.2 |
| Q1 FY2024 | Mar 30, 2024 | 58.1% | +1.2 |
| Q4 FY2023 | Dec 30, 2023 | 58.3% | +1.3 |
| Q3 FY2023 | Sep 30, 2023 | 57.0% | −1.8 |
| Q2 FY2023 | Jul 1, 2023 | 57.5% | −1.2 |
| Q1 FY2023 | Apr 1, 2023 | 56.9% | +0.4 |
| Q4 FY2022 | Dec 31, 2022 | 57.0% | +1.5 |
| Q3 FY2022 | Sep 24, 2022 | 58.8% | +0.4 |
| Q2 FY2022 | Jun 25, 2022 | 58.7% | −0.1 |
| Q1 FY2022 | Mar 26, 2022 | 56.5% | −3.3 |
| Q4 FY2021 | Dec 25, 2021 | 55.5% | −3.0 |
| Q3 FY2021 | Sep 25, 2021 | 58.4% | −1.8 |
| Q2 FY2021 | Jun 26, 2021 | 58.8% | −0.4 |
| Q1 FY2021 | Mar 27, 2021 | 59.8% | +0.6 |
| Q4 FY2020 | Dec 26, 2020 | 58.5% | +0.5 |
| Q3 FY2020 | Sep 26, 2020 | 60.2% | −0.5 |
| Q2 FY2020 | Jun 27, 2020 | 59.3% | −1.0 |
| Q1 FY2020 | Mar 28, 2020 | 59.2% | +0.2 |
| Q4 FY2019 | Dec 28, 2019 | 58.0% | −0.9 |
| Q3 FY2019 | Sep 28, 2019 | 60.7% | +1.4 |
| Q2 FY2019 | Jun 29, 2019 | 60.3% | +1.8 |
| Q1 FY2019 | Mar 30, 2019 | 59.0% | −1.0 |
| Q4 FY2018 | Dec 29, 2018 | 58.9% | +2.8 |
| Q3 FY2018 | Sep 29, 2018 | 59.4% | +1.1 |
| Q2 FY2018 | Jun 30, 2018 | 58.5% | +0.3 |
| Q1 FY2018 | Mar 31, 2018 | 60.0% | +1.9 |
| Q4 FY2017 | Dec 30, 2017 | 56.1% | +1.4 |
| Q3 FY2017 | Sep 30, 2017 | 58.2% | – |
| Q2 FY2017 | Jul 1, 2017 | 58.2% | – |
| Q1 FY2017 | Apr 1, 2017 | 58.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 54.7% | – |
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