8-K filed Feb 18, 2026
Garmin authorizes $500M for stock buybacks
“Reports record fourth quarter and full-year revenue and profit, proposes a 17% dividend increase, and announces new $500 million share repurchase program”
From Garmin’s 8-K filed Feb 18, 2026 · read the filing · all documents
How big is it?
Garmin bought back $71M of stock in the twelve months to Mar 28, 2026. At that pace, $500M covers about 7.1 years of buybacks.
The amount equals 34% of its free cash flow over the same twelve months ($1.5B).
Its diluted share count is down 0.1% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q2 '23 | $228,000 |
| Q3 '23 | $0 |
| Q4 '23 | $13.4M |
| Q1 '24 | $16.0M |
| Q2 '24 | $277,000 |
| Q3 '24 | $49,000 |
| Q4 '24 | $25.8M |
| Q1 '25 | $33.1M |
| Q2 '25 | $287,000 |
| Q3 '25 | $45,000 |
| Q4 '25 | $23.7M |
| Q1 '26 | $46.8M |