Filing excerpt
Purchases of property and equipment (66,617) (40,062)
sec.gov/Archives/edgar/data/1121788/000119312526188908/grmn-20260328.htmRead the full source
Garmin10-Q: Capex increase
Garmin increases Q1 CapEx by 66% YoY to $66.6M for property and equipment.
What happened
Capital expenditures rose significantly from $40.1M in the prior year's quarter, indicating substantial investment in infrastructure and facilities.
Source
Other signals in this filing (8)
- Backlog growthGarmin discloses $1.75B in near-term inventory and other purchase obligations.Backlog growth
- Digital transformationGarmin commits to $635M in purchase obligations for CapEx and indirect buysDigital transformation
- Capex increaseGarmin boosts R&D spending by 10% to $296M, focusing on engineering talent.Capex increase
- Legacy modernizationGarmin faces new accounting rule (ASU 2024-03) requiring expense disaggregationLegacy modernization
- Platform strategyGarmin boosts R&D spending by 10% to $296M, fueling engineering hiringPlatform strategy
- Digital transformationGarmin's operating expenses surge 11% to $611M, driven by R&D and SG&A hiringDigital transformation
- Market expansionGarmin's capital expenditures jump 66% YoY to $66.6M in Q1Market expansion
- Capex increaseSG&A expenses rise 11% to $315M, driven by increased personnel costs.Capex increase
Extracted by Autobound
From the Signal API record- Signal
- 10-Q: Capex increase
What this signalsFilings often name leadership changes, deals and spending plans.
- Fiscal year end
- 03/28
- Filed
- Apr 29, 2026
More from Garmin
- PatentsGarmin International, Inc.'s patent output is steady: 27 grants in the past year, 2 in the past 30 days.Patents
- AcquisitionGarmin’s Acquires Moxy, and Garmin Gets SuedAcquisition
- LaunchGarmin rolls out new smartwatch features in software updateLaunch
- RedditAn avionics installer reported an integration failure between a Garmin GI 275 and an S-TEC 3100 autopilot, initially citing a lack of documentation from Garmin and ultimately discovering the cause...Reddit
- LinkedInGarmin partners with Divers Alert Network (DAN) to enhance emergency response for divers using inReach.LinkedIn
- GlassdoorWork life balance is declining and employees are nearing burnoutGlassdoor
More 10-Q signals at other companies
- SEC 10-QMillerKnoll, Inc.Jeffrey M. Stutz appointed Interim Chief Executive Officer.SEC 10-Q
- SEC 10-QCID HoldCo, Inc.Disclosed material weaknesses in financial reporting due to insufficient accounting staff and controls.SEC 10-Q
- SEC 10-QScholastic CorporationCore school channels decline with fewer book fairs and lower club participation.SEC 10-Q
The full record
From the Signal API recordNumbers
- Dollar figure
- $66.6M (Purchases of property and equipment for the 13-weeks ended March 28, 2026)
- Percent
- 66% (Year-over-year increase in purchases of property and equipment)
Details
- CIK
- 1121788
- Accession number
- 0001193125-26-188908
- Timeframe
- Current quarter
- Filing year
- 2026
- Fiscal year
- 0
- Why it matters
- Budget available
- Signal category
- Financial
Extraction
- Confidence
- High
- Relevance
- 90%
- Sentiment
- Positive
- Detected
- May 5, 2026
- signal_type
sec-10q- signal_subtype
capexIncrease
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linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the API
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GET /v1/signals/15c2c5dd-f276-447b-a9ac-b3c315f58814 returns this record as JSON. POST /v1/companies/enrich returns every signal for garmin.com.
{
"signal_id": "15c2c5dd-f276-447b-a9ac-b3c315f58814",
"signal_type": "sec-10q",
"signal_subtype": "capexIncrease",
"detected_at": "2026-05-05T08:48:21.741+00:00",
"company": {
"name": "Garmin",
"domain": "garmin.com"
},
"data": {
"detail": "Capital expenditures rose significantly from $40.1M in the prior year's quarter, indicating substantial investment in infrastructure and facilities. This spending signals active growth initiatives and potential opportunities for construction, equipment, and IT infrastructure vendors.",
"metrics": {
"pct": 0.66,
"timeframe": "current_quarter",
"pct_context": "Year-over-year increase in purchases of property and equipment",
"dollar_context": "Purchases of property and equipment for the 13-weeks ended March 28, 2026",
"dollar_millions": 66.6
},
"summary": "Garmin increases Q1 CapEx by 66% YoY to $66.6M for property and equipment.",
"excerpts": "Purchases of property and equipment (66,617) (40,062)",
"relevance": 0.9,
"sentiment": "positive",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/1121788/000119312526188908/grmn-20260328.htm",
"filing_date": "2026-04-29",
"filing_year": 2026,
"fiscal_year": 0,
"fiscal_year_end": "03/28",
"sales_relevance": "Budget available",
"signal_category": "financial"
}
}
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