Q3 FY26 · Ended Sep 26, 2026 · View SEC filing
Sales grew while production costs stood still
Sales rose 12.15% on almost unchanged production cost, so nearly every extra dollar of sales reached gross profit.
For investorsCan Garmin's margin hold once the tariff refunds stop?
For foundersHow one engineering base pays for five niche businesses
Outdoor brings 30.1% of sales but 38.1% of operating income, more profit than the larger Fitness segment.
Net income rose 34.87% while operating cash flow fell, with the filing citing prepayments to secure critical components.
Garmin reuses one technology base across fitness, outdoor, marine, aviation and cars, so no single market carries the business.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Garmin from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
