FINHUB Insights

GRMN · Q1 FY26 · Dec 28, 2025 – Mar 28, 2026

Garmin Q1 FY26: where the revenue came from and where it went

Garmin Q1 FY26: revenue $1.8B (+14% year over year). Net profit $0.41B. Largest cohort At point in time $1.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Dec 28, 2025 – Mar 28, 2026
Reported
Apr 29, 2026 10-Q
Sankey diagram of Garmin's income statement for Q1 FY26: revenue of $1.75 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.75B +14% year over year
Gross profit$1.04B 59% margin
Operating profit$0.43B 25% margin
Net profit$0.41B 23% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 28, 2026).
ItemValueShare of revenueYear over year
Revenue 1.75 100% +14%
At point in time 1.67 95% +15%
Transferred over time 0.08 5% +3%
Cost of revenue−0.7141%
Gross profit1.0459% margin+2pp
R&D−0.3017%−1pp
SG&A−0.3218%−1pp
Operating profit0.4325% margin+3pp
Tax−0.07
Net profit0.4123%+1pp
Filing on EDGAR More quarters of GRMN

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.