Filing Flows › Garmin (GRMN) › Gross margin
Garmin (GRMN) gross margin by quarter
Garmin's gross margin was 63.3% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026. Over the last 7 quarters it ranged from 57.6% (Q1 2025) to 63.3% (Q3 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 63.3% | +0.9 pts | +4.2 pts |
| Q2 2026 | 62.4% | +3.0 pts | +3.6 pts |
| Q1 2026 | 59.4% | +0.2 pts | +1.8 pts |
| Q4 2025 | 59.2% | +0.1 pts | — |
| Q3 2025 | 59.1% | +0.3 pts | — |
| Q2 2025 | 58.8% | +1.2 pts | — |
| Q1 2025 | 57.6% | — | — |
Q3 2026 at a glance
Garmin, Q3 2026: revenue $2.0B (+12% year over year), operating margin 30.8%, net earnings $542M, operating cash flow $394M. The chart follows the revenue to costs, profit and cash.
Questions
What is Garmin's gross margin?
Garmin's gross margin was 63.3% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026.
How has Garmin's gross margin changed?
Over the last 7 quarters it ranged from 57.6% (Q1 2025) to 63.3% (Q3 2026).