GARMIN LTD
For the period ended Sep 26, 2026. Filed Oct 28, 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.
Sep 26, 2026 · Filed Oct 28, 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 | 39-Weeks Ended | |||
|---|---|---|---|---|
| September26, 2026 | September27, 2025 | September26, 2026 | September27, 2025 | |
| Net sales | $1,986,076 | $1,770,901 | $5,761,658 | $5,120,564 |
| Cost of goods sold | 728,308 | 724,414 | 2,199,580 | 2,122,521 |
| Gross profit | 1,257,768 | 1,046,487 | 3,562,078 | 2,998,043 |
| Research and development expense | 312,916 | 286,464 | 912,673 | 831,247 |
| Selling, general and administrative expenses | 333,204 | 303,220 | 990,584 | 904,874 |
| Total operating expense | 646,120 | 589,684 | 1,903,257 | 1,736,121 |
| Operating income | 611,648 | 456,803 | 1,658,821 | 1,261,922 |
| Other income (expense): | ||||
| Interest income | 36,357 | 32,085 | 110,504 | 94,316 |
| Foreign currency gains | 9,788 | 20,334 | 10,417 | 21,582 |
| Other income | 3,329 | 598 | 4,970 | 1,329 |
| Total other income (expense) | 49,474 | 53,017 | 125,891 | 117,227 |
| Income before income taxes | 661,122 | 509,820 | 1,784,712 | 1,379,149 |
| Income tax provision | 119,461 | 108,205 | 296,052 | 243,943 |
| Net income | $541,661 | $401,615 | $1,488,660 | $1,135,206 |
| Net income per share: | ||||
| Basic | $2.81 | $2.09 | $7.72 | $5.90 |
| Diluted | $2.80 | $2.08 | $7.69 | $5.87 |
| Weighted average common shares outstanding: | ||||
| Basic | 192,836 | 192,464 | 192,782 | 192,510 |
| Diluted | 193,617 | 193,533 | 193,556 | 193,551 |
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
| 13-Weeks Ended | 39-Weeks Ended | |||
|---|---|---|---|---|
| September26, 2026 | September27, 2025 | September26, 2026 | September27, 2025 | |
| Net income | $541,661 | $401,615 | $1,488,660 | $1,135,206 |
| Foreign currency translation adjustment | 2,566 | (62,713) | (54,584) | 169,812 |
| Change in fair value of available-for-sale marketable securities, net of deferred taxes | (28,085) | 7,531 | (42,095) | 27,417 |
| Comprehensive income | $516,142 | $346,433 | $1,391,981 | $1,332,435 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.