Filing Flows › Garmin (GRMN) › Operating margin
Garmin (GRMN) operating margin by quarter
Garmin's operating margin was 30.8% in Q3 2026 (third quarter 2026), +0.4 pts from Q2 2026. Over the last 7 quarters it ranged from 21.7% (Q1 2025) to 30.8% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 30.8% | +0.4 pts | +5.0 pts |
| Q2 2026 | 30.4% | +5.8 pts | +4.4 pts |
| Q1 2026 | 24.6% | -4.3 pts | +2.9 pts |
| Q4 2025 | 28.9% | +3.1 pts | — |
| Q3 2025 | 25.8% | -0.2 pts | — |
| Q2 2025 | 26.0% | +4.3 pts | — |
| Q1 2025 | 21.7% | — | — |
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 operating margin?
Garmin's operating margin was 30.8% in Q3 2026 (third quarter 2026), +0.4 pts from Q2 2026.
How has Garmin's operating margin changed?
Over the last 7 quarters it ranged from 21.7% (Q1 2025) to 30.8% (Q3 2026).