Garmin Ltd

Company facts

Industry

Search, Detection, Navigation, Guidance, Aeronautical Sys

Headquarters

Schaffhausen

Most recent report

10-Q, filed Jul 29, 2026

Filings on record

1,001+ filings

On EDGAR

CIK 1121788

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 3 positive, 5 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Core financials with segment data, new buyback, tariff refund, and Q2 earnings growth.
  Notable

  • Received ~$21M in IEEPA tariff refunds during Q2 2026, recognized as cost of goods sold reduction.
  • New $500M share repurchase program approved Feb 2026, replacing terminated $275M program.

• Management's Discussion (Item 2)

  Full MD&A with segment results, margin drivers, and cash flow details.
  Positive

  • Fitness revenue up 25%, operating income up 40% in Q2; led by advanced wearables.
  • Operating income up 30% to $615.5M in Q2; margin improved 440bps to 30%.
  • Cash from operations in H1 2026 rose 58% to $939.5M vs $594.0M in H1 2025.
  Notable

  • Memory chip supply constraints may unfavorably impact future gross margin.
  • Gross margin up 360bps to 62% in Q2, including $21M in tariff refunds ($14M marine).
  • Inventory purchase obligations of $1.53B, up 37% from Q1 2026's $1.12B.
  Negative

  • Outdoor revenue down 2% in Q2 and 3% in H1 due to declines in adventure watches.

What changed: Jun 2026 vs. Mar 2026

About 15% of GRMN's Jun 2026 10-Q is new information. 27 paragraphs were added, 80 changed, and 18 removed. Below are the most important lines SECSift identified.

• Item 2 41
• Item 1 29
• Item 6 3
• Item 4 2
• Item 3 1
• Item 1A 1
• Item 5 1