Garmin Ltd. filed its Form 10-Q with the SEC for the quarterly period ended September 26, 2026, reporting third-quarter and year-to-date financial results for the fiscal year in progress.

Key Highlights

  • Q3 net sales of $1,986,076 thousand: Net sales for the 13-week period ended September 26, 2026 rose from $1,770,901 thousand in the same period a year earlier, according to the filing.
  • Q3 net income of $541,661 thousand: Net income for the quarter increased from $401,615 thousand in the comparable prior-year period, the company disclosed.
  • Diluted EPS of $2.80: Diluted net income per share for the 13-week period was $2.80, compared with $2.08 in the same period of 2025, per the filing.
  • Year-to-date net sales of $5,761,658 thousand: For the 39 weeks ended September 26, 2026, net sales grew from $5,120,564 thousand in the prior-year period, the registrant reported.
  • Year-to-date net income of $1,488,660 thousand: Net income for the 39-week period rose from $1,135,206 thousand a year earlier, according to the filing.
  • Total assets of $11,993,783 thousand: As of September 26, 2026, total assets increased from $10,993,669 thousand at December 27, 2025, the company disclosed.
  • 192,695,298 shares outstanding: Registered shares outstanding as of October 23, 2026 (excluding treasury shares) were reported at this level on the filing's cover page.

Garmin's Third-Quarter 2026 Financial Results: Revenue, Earnings, and Balance Sheet

Garmin Ltd. (NYSE:GRMN), incorporated in Switzerland, filed its quarterly report for the period ended September 26, 2026. The filing reported net sales of $1,986,076 thousand for the 13-week period, up from $1,770,901 thousand in the 13 weeks ended September 27, 2025. Gross profit for the quarter was $1,257,768 thousand, compared with $1,046,487 thousand in the prior-year quarter. Operating income reached $611,648 thousand versus $456,803 thousand a year earlier, the company disclosed.

For the 39-week period ended September 26, 2026, the registrant reported net sales of $5,761,658 thousand and operating income of $1,658,821 thousand, against $5,120,564 thousand and $1,261,922 thousand, respectively, in the comparable prior-year period. Year-to-date net income was $1,488,660 thousand, or $7.69 per diluted share, compared with $1,135,206 thousand, or $5.87 per diluted share, for the 39 weeks ended September 27, 2025. Research and development expense for the year-to-date period was $912,673 thousand, while selling, general and administrative expenses totaled $990,584 thousand, according to the filing.

The condensed consolidated balance sheet as of September 26, 2026 showed total assets of $11,993,783 thousand, including cash and cash equivalents of $2,039,779 thousand, inventories of $2,251,741 thousand, and goodwill of $978,557 thousand. Total stockholders' equity stood at $9,549,526 thousand. Net cash provided by operating activities for the 39-week period was $1,333,399 thousand, while net cash used in investing activities was $841,341 thousand, the company reported. Dividends paid during the 39-week period totaled $578,474 thousand, according to the cash flow statement.

What Was Disclosed

Garmin Ltd. disclosed unaudited condensed consolidated financial statements for the 13-week and 39-week periods ended September 26, 2026, covering income, comprehensive income, balance sheet position, cash flows, and stockholders' equity, as part of its quarterly report filed with the SEC.