GRMN at a glance
Garmin (GRMN, SEC CIK 1121788) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as August 20, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 27, 2025 (FY2025), Garmin (GRMN) reported revenue of $7.2 billion (up 15.1% from FY2024) and net income of $1.7 billion. Diluted EPS was $8.59.
- As of June 30, 2026, 44 institutional investment managers tracked by SignalX reported holding Garmin (GRMN) shares worth $14.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Wang Cheng-Wei on August 18, 2026 of 538 shares at $299.17 per share.
- In the last 90 days, GRMN insiders reported 0 open-market purchases ($0) and 12 open-market sales ($4.8M) on Form 4, a net sale of $4.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $7.2B
- +15.1% vs prior year
- Insiders · 90 days
- 0 buys · 12 sells
- Net −$4.8M
- 13F holders
- 44 funds
- $14.1B · +2 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 27, 2025
Business Overview
- Core business: Design, manufacture, and distribution of GPS-enabled products and software for fitness, outdoor, aviation, marine, and auto OEM markets
- New emphasis: Expansion of Commercial Off-The-Shelf (COTS) and mission-optimized avionics for military, defense, and eVTOL markets
- Strategic shift: Enhanced vertically integrated manufacturing with facilities in Taiwan, U.S., Europe, and China for cost, quality, and time-to-market advantage
- Notable metric: Delivered over 20 million products in fiscal 2025, part of 300+ million total since inception
- Unique fact: Garmin Response global emergency coordination center offers 24/7 support for inReach satellite S.O.S. capabilities
Management Discussion & Analysis
- Revenue $4.98B, down 5.6% YoY from $5.27B in fiscal 2025
- Operating margin 15.2% vs 17.0% in prior year, reflecting margin compression
- Fitness segment best performer $2.17B revenue, down 1.5% YoY; Aviation worst $520M, down 18.3% YoY
- Operating cash flow $650M; capital expenditures $120M; share buybacks $200M, dividends $90M
- Guidance cautious citing supply chain risks and macroeconomic uncertainty impacting demand
Risk Factors
- Regulatory risk: U.S. tax legislation enacted in 2025 changed R&D cost capitalization, reducing U.S. tax deductions and credits, increasing effective tax rate to 17.4% in FY2025
- Macroeconomic threat: Foreign currency risk from U.S. Dollar fluctuations caused $7.8M currency gain in 2025 with notable 12.9% USD weakening vs Euro
- Operational vulnerability: Noncancelable inventory purchase obligations totaling $1.03B, with $801.7M due within 12 months, exposing supply chain to potential disruptions
- Competitive risk: Fitness segment revenue grew 33% with wearables driving demand, implying pressure to innovate against competitors in active lifestyle devices
- Financial risk: Cash used in financing increased to $844.1M in 2025, driven by higher share repurchases and dividends, impacting capital allocation flexibility
AI summary of the GRMN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 27, 2026
Risk Factors
- No material changes to 10-K risks during the 26-week period ended June 27, 2026
- Additional unknown or currently immaterial risks could materially adversely affect business, financial condition, or operating results
- No newly added regulatory, legal, or compliance risk identified in the filing
- No specific operational, competitive, market, liquidity, debt, currency, or concentration risk updated this quarter
AI summary of the GRMN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Fiscal Q2 ended June 27, 2026; results announced July 29, 2026
- Exhibit 99.1 contains Garmin’s financial results and operating commentary
Item EX-99.1: Item EX-99.1
- Q2 revenue reached a record $2.02B, up 11%, with operating income rising 30% to $616M
- Fitness led growth at 25%, while Marine rose 14%; Outdoor declined 2% and Auto OEM grew 1%
Item 8.01: Other Events
- Filing contains only the required signature block dated June 8, 2026
- No substantive Other Events disclosure or investor-actionable event identified
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders approved Garmin’s 2025 financial statements and earnings appropriation with more than 166 million votes in favor
- Approved aggregate cash dividend of $4.20 per outstanding share, payable in four equal installments
Item 2.02: Results of Operations and Financial Condition
- Fiscal first-quarter results ended March 28, 2026 announced April 29, 2026
- Earnings details contained in Exhibit 99.1 press release
Item EX-99.1: Item EX-99.1
- Q1 2026 revenue reached a record $1.75B, up 14%, with operating income up 30% to $432M
- Gross margin expanded to 59.4% and operating margin to 24.6%, signaling strong operating leverage
AI summaries of GRMN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GRMN
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Wang Cheng-Wei | Sell | Aug 18, 2026 | 538 | $299.17 |
| Wang Cheng-Wei | Sell | Aug 18, 2026 | 1,737 | $300.14 |
| BURRELL JONATHAN | G | Aug 18, 2026 | 393,000 | - |
| Wang Cheng-Wei | Sell | Aug 18, 2026 | 3,102 | $297.84 |
| BURRELL JONATHAN | G | Aug 18, 2026 | 393,000 | - |
| BURRELL JONATHAN | G | Aug 18, 2026 | 45,600 | - |
| BURRELL JONATHAN | G | Aug 18, 2026 | 89,800 | - |
| BURRELL JONATHAN | G | Aug 18, 2026 | 269,400 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $6.3B | $7.2B |
| Gross Profit | - | $3.7B | $4.3B |
| Operating Income | - | $1.6B | $1.9B |
| Net Income | - | $1.4B | $1.7B |
| Gross Margin | - | 58.7% | 58.7% |
| Op. Margin | - | 25.3% | 25.9% |
| Net Margin | - | 22.4% | 23.0% |
| Balance Sheet | |||
| Total Assets | $8.6B | $9.6B | $11.0B |
| Equity | $7.0B | $7.8B | $9.0B |
| ROE | - | 18.0% | 18.5% |
| Per Share | |||
| EPS | - | $7.30 | $8.59 |
| Cash Flow | |||
| Operating CF | - | $1.4B | $1.6B |
| CapEx | - | $193.6M | $270.4M |
Source: XBRL data in Garmin (GRMN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GRMN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 44 | $14.11B |
| Q1 2026 | 42 | $13.43B |
| Q4 2025 | 39 | $12.05B |
| Q3 2025 | 37 | $15.49B |
| Q2 2025 | 38 | $12.76B |
| Q1 2025 | 35 | $9.87B |
| Q4 2024 | 32 | $7.97B |
| Q3 2024 | 25 | $2.79B |
- FMR LLC (Fidelity)+1.24M (+58%)
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- JPMorgan Chase & Co−1.21M (-64%)
- BlackRock−615.5K (-4%)
- Millennium Management−108.7K (-51%)
- D.E. Shaw & Co−77.2K (-37%)
- Two Sigma Investments−63.6K (-83%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 292 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GRMN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Jul 31, 2026 | - | - | - |
| 4 | Jul 31, 2026 | - | - | - |
| 4 | Jul 31, 2026 | - | - | - |
| 10-Q | Jul 29, 2026 | Jun 27, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 6, 2026 | - | - |
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GRMN SEC filings: frequently asked questions
Are GRMN insiders buying or selling?
In the last 90 days, Garmin (GRMN) officers, directors and 10% owners reported no open-market purchases and 12 open-market sales worth $4.8 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold GRMN stock?
As of June 30, 2026, the largest Garmin (GRMN) holders among the 13F filers tracked by SignalX were BlackRock ($3.5 billion), Vanguard Capital Management LLC ($2.5 billion), Vanguard Portfolio Management LLC ($1.9 billion), State Street Corp ($1.7 billion), FMR LLC (Fidelity) ($805.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GRMN's revenue in fiscal year 2025?
For the fiscal year ended December 27, 2025 (FY2025), Garmin (GRMN) reported revenue of $7.2 billion (up 15.1% from FY2024) and net income of $1.7 billion. Diluted EPS was $8.59. The figures come from the XBRL data in the 10-K.
What are the main risks in GRMN's latest 10-K?
In the 10-K filed February 18, 2026, Garmin (GRMN) flagged: Regulatory risk: U.S. tax legislation enacted in 2025 changed R&D cost capitalization, reducing U.S. tax deductions and credits, increasing effective tax rate to 17.4% in FY2025. Macroeconomic threat: Foreign currency risk from U.S. Dollar fluctuations caused $7.8M currency gain in 2025 with notable 12.9% USD weakening vs Euro. (AI summary of the Risk Factors section.)
What did GRMN report in its latest 8-K?
Garmin (GRMN) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Fiscal Q2 ended June 27, 2026; results announced July 29, 2026.
What are the latest GRMN SEC filings?
Garmin (GRMN) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on August 20, 2026.
What is GRMN's SEC CIK number?
Garmin (GRMN)'s SEC Central Index Key (CIK) is 1121788. EDGAR lists every GRMN filing under that number.
Ask anything about GRMN
The research agent reads GRMN's filings, financials, insider trades and 13F holders, then answers with sources.