Garmin (GRMN) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with welcomes to shareholders, board, and executive management, with formal recognition of the CEO to review achievements.

• Agenda and proposals were distributed in advance, with no additional items requested by shareholders.

Financial performance review

• Revenue for 2025 increased 15% to $7.25 billion, setting a new record with growth in every segment.

• Operating margin rose to 25.9%, and operating income reached $1.88 billion, up 18% from 2024.

• Strong double-digit growth in revenue and operating income continued in Q1 2026.

Board and executive committee updates

• Six directors were re-elected, each receiving at least 86.35% of votes cast.

• Dr. Min Kao was re-elected as chairman with 93.56% approval.

• Four compensation committee members were re-elected with at least 91.96% approval.