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Garmin10-Q: Capex increase

SG&A expenses rise 11% to $315M, driven by increased personnel costs.

What happened

Selling, general and administrative expenses increased by over $31M year-over-year, primarily due to higher personnel-related expenses.

Source

SEC EDGARApr 29, 2026

Quarterly report (Form 10-Q)

Garmin 10-Q

Filing excerpt

Selling, general and administrative expenses increased 11% in absolute dollars when compared to the year-ago quarter. The absolute dollar expense increase was primarily due to higher personnel-related expenses.

sec.gov/Archives/edgar/data/1121788/000119312526188908/grmn-20260328.htmRead the full source

Other signals in this filing (8)

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 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$315M (Selling, general and administrative expenses for the 13-weeks ended March 28, 2026)
Percent
11% (Year-over-year increase in SG&A expenses)

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
70%
Sentiment
Neutral
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
capexIncrease

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9f4b5327-956a-4f93-9942-6b81c18dc87a returns this record as JSON. POST /v1/companies/enrich returns every signal for garmin.com.

{
  "signal_id": "9f4b5327-956a-4f93-9942-6b81c18dc87a",
  "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": "Selling, general and administrative expenses increased by over $31M year-over-year, primarily due to higher personnel-related expenses. This indicates hiring and investment in sales and administrative functions, presenting opportunities for HR tech, payroll, and business process automation vendors.",
    "metrics": {
      "pct": 0.11,
      "timeframe": "current_quarter",
      "pct_context": "Year-over-year increase in SG&A expenses",
      "dollar_context": "Selling, general and administrative expenses for the 13-weeks ended March 28, 2026",
      "dollar_millions": 314.8
    },
    "summary": "SG&A expenses rise 11% to $315M, driven by increased personnel costs.",
    "excerpts": "Selling, general and administrative expenses increased 11% in absolute dollars when compared to the year-ago quarter. The absolute dollar expense increase was primarily due to higher personnel-related expenses.",
    "relevance": 0.7,
    "sentiment": "neutral",
    "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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