Garmin Ltd

Company facts

Industry

Search, Detection, Navigation, Guidance, Aeronautical Sys

Headquarters

Schaffhausen

Most recent report

10-Q, filed Oct 28, 2026

Incorporated

N/A

Filings on record

1,001+ filings

On EDGAR

CIK 1121788

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 0 positive, 7 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with material balance-sheet swings and segment detail.
  Notable

  • 92% of marketable securities were in an unrealized loss position as of Sep 2026.
  • Recognized $54M in IEEPA tariff refunds in 39-week period; more potential refunds not yet booked.
  • New $500M share repurchase program approved Feb 2026; $407M remained as of Sep 2026.

• Management's Discussion (Item 2)

  Strong revenue and profit growth across segments; tariff refunds boost margins; large inventory commitments.
  Notable

  • Consolidated gross margin rose 420 bps to 63% in Q3 2026, helped by $33M in tariff refunds.
  • Marine gross margin jumped 850 bps to 64% in Q3 2026, mainly from tariff refunds.
  • Cash from operations rose to $1.33B in first 3 quarters of 2026, up from $1.08B a year ago.
  • Cash used in investing activities jumped to $841M in first 3 quarters of 2026, from $514M a year ago.
  Negative

  • Inventory purchase obligations total $2.0B as of Q3 2026, with $1.77B due within 12 months.

What changed: Sep 2026 vs. Jun 2026

About 3% of GRMN's Sep 2026 10-Q is new information. 5 paragraphs were added, 100 changed, and 13 removed. Below are the most important lines SECSift identified.

• Item 2 40
• Item 1 27
• Item 5 3
• Item 6 2
• Item 4 2
• Item 3 1
• Item 1A 1