Market Data Current As Of: September 12, 2026
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Explore Garmin
Core profile pages, annual revenue records, and related research hubs for this company.
Compare market positioning with top industry peers
Explore Garmin
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$7.25B
Market Cap
$28.6B
Net Income
$1.7B
Employees
19,900
Garmin is defying the commoditized smartwatch market by defending lucrative, specialized enthusiast niches. Under CEO Cliff Pemble, the navigation and wearables company generated exactly $5.2 billion in revenue and maintains a $28.6 billion market cap with exactly 19900 employees. The financial narrative in 2026 is defined by dominance in aviation, marine, and extreme outdoor sports; rather than attempting to compete directly with the Apple Watch for casual consumers, Garmin extracts premium margins by producing ruggedized, specialized instruments required by pilots, deep-sea fishermen, and ultra-marathoners.
Revenue Trend Analysis
YoY Change
+15.1%
3-Year CAGR
+14.2%
Peak Year
2025
Trend
Consistent Growth
Garmin Ltd. has reported revenue across 4 fiscal years, compounding at +14.2% annually over 3 years. The most recent year saw a 15.1% increase versus the prior year. Revenue peaked in 2025 at $7.2B. Out of 3 reported periods, 3 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $7.2B | $1.7B | +15.1% |
| FY2024 | $6.3B | — | +20.4% |
| FY2023 | $5.2B | — | +7.6% |
| FY2022 | $4.9B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Garmin Ltd. reported approximately $5.2B in fiscal year 2025 with a team of 19,900 employees worldwide.
Garmin Ltd. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Consumer Electronics / Wearable Technology / GPS Navigation is driven by steady cash generation and pricing power, enabling Garmin Ltd. to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Garmin Ltd. Revenue & Financials." CorpDigest, https://corpdigest.com/company/garmin/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Garmin Ltd. reported $7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/garmin/financials" target="_blank" rel="noopener">CorpDigest — Garmin Ltd. financials</a></div>