Garmin Q3 FY26: where the revenue came from and where it went
The whole income statement of Garmin for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jun 28 – Sep 26, 2026
- Reported
- Oct 28, 2026
Revenue$1.99B
+12% year over year
Gross profit$1.26B
63% margin
Operating profit$0.61B
31% margin
Net profit$0.54B
27% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.99 | 100% | +12% |
| Cost of revenue | −0.73 | 37% | |
| Gross profit | 1.26 | 63% margin | +4pp |
| R&D | −0.31 | 16% | +0pp |
| SG&A | −0.33 | 17% | +0pp |
| Operating profit | 0.61 | 31% margin | +5pp |
| Other income, net | 0.05 | ||
| Tax | −0.12 | ||
| Net profit | 0.54 | 27% margin | +5pp |
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