GARMIN LTD
For the period ended Jun 27, 2026. Filed Jul 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 27, 2026 · Filed Jul 29, 2026
GRMN$288.66-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Financial Statements
Condensed Consolidated State ments of Income (Unaudited)
(In thousands, except per share information)
| 13-Weeks Ended | 26-Weeks Ended | |||
|---|---|---|---|---|
| June 27,2026 | June 28,2025 | June 27,2026 | June 28,2025 | |
| Net sales | $2,022,092 | $1,814,564 | $3,775,582 | $3,349,663 |
| Cost of goods sold | 760,070 | 747,552 | 1,471,272 | 1,398,106 |
| Gross profit | 1,262,022 | 1,067,012 | 2,304,310 | 1,951,557 |
| Research and development expense | 303,940 | 276,663 | 599,758 | 544,783 |
| Selling, general and administrative expenses | 342,574 | 318,054 | 657,379 | 601,655 |
| Total operating expense | 646,514 | 594,717 | 1,257,137 | 1,146,438 |
| Operating income | 615,508 | 472,295 | 1,047,173 | 805,119 |
| Other income (expense): | ||||
| Interest income | 38,173 | 31,724 | 74,147 | 62,231 |
| Foreign currency (losses) gains | (2,492) | (23,512) | 630 | 1,248 |
| Other (expense) income | (128) | (256) | 1,640 | 730 |
| Total other income (expense) | 35,553 | 7,956 | 76,417 | 64,209 |
| Income before income taxes | 651,061 | 480,251 | 1,123,590 | 869,328 |
| Income tax provision | 109,141 | 79,429 | 176,591 | 135,737 |
| Net income | $541,920 | $400,822 | $946,999 | $733,591 |
| Net income per share: | ||||
| Basic | $2.81 | $2.08 | $4.91 | $3.81 |
| Diluted | $2.80 | $2.07 | $4.89 | $3.79 |
| Weighted average common shares outstanding: | ||||
| Basic | 192,836 | 192,523 | 192,755 | 192,534 |
| Diluted | 193,471 | 193,416 | 193,515 | 193,557 |
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
| 13-Weeks Ended | 26-Weeks Ended | |||
|---|---|---|---|---|
| June 27,2026 | June 28,2025 | June 27,2026 | June 28,2025 | |
| Net income | $541,920 | $400,822 | $946,999 | $733,591 |
| Foreign currency translation adjustment | (7,064) | 223,845 | (57,150) | 232,525 |
| Change in fair value of available-for-sale marketable securities, net of deferred taxes | (492) | 7,239 | (14,010) | 19,886 |
| Comprehensive income | $534,364 | $631,906 | $875,839 | $986,002 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.