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Stockholders' Equity | 3 Months Ended
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Mar. 28, 2026
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | 9. Stockholders' Equity Dividends Under Swiss corporate law, dividends must be approved by shareholders at the annual general meeting of the Company’s shareholders. Approved dividends are payable in four equal installments on dates determined by the Board of Directors. A reduction of retained earnings and a corresponding liability are recorded at the time of shareholder approval and are periodically adjusted based on the number of applicable shares outstanding. The Company's shareholders approved the following dividends:
Approval Date |  | Dividend Payment Date |  | Record Date |  | Dividend Per Share |
Fiscal 2025 |  |  |  |  |  |  |
June 6, 2025 |  | June 27, 2025 |  | June 16, 2025 |  | $ | 0.90 |
June 6, 2025 |  | September 26, 2025 |  | September 12, 2025 |  | $ | 0.90 |
June 6, 2025 |  | December 26, 2025 |  | December 12, 2025 |  | $ | 0.90 |
June 6, 2025 |  | March 27, 2026 |  | March 13, 2026 |  | $ | 0.90 |
Total |  |  |  |  |  | $ | 3.60 |
Fiscal 2024 |  |  |  |  |  |  |
June 7, 2024 |  | June 28, 2024 |  | June 17, 2024 |  | $ | 0.75 |
June 7, 2024 |  | September 27, 2024 |  | September 13, 2024 |  | $ | 0.75 |
June 7, 2024 |  | December 27, 2024 |  | December 13, 2024 |  | $ | 0.75 |
June 7, 2024 |  | March 28, 2025 |  | March 14, 2025 |  | $ | 0.75 |
Total |  |  |  |  |  | $ | 3.00 |
Share Repurchase Program On February 16, 2024, the Board of Directors approved a share repurchase program (the “2024 Program”) authorizing the Company to repurchase up to $300,000 of the common shares of Garmin Ltd., exclusive of the cost of any associated excise tax. The 2024 Program, which had an expiration date of December 26, 2026, was terminated early on February 19, 2026. Share repurchases could be made in the open market or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and volume of share repurchases were subject to market conditions, business conditions and applicable laws, and were at management’s discretion. The 2024 Program did not require the purchase of any minimum number of shares. As of the date of termination, the Company had repurchased 1,375 s hares for $274,626 under the 2024 Program. On February 13, 2026, the Board of Directors approved a new share repurchase program (the 2026 “Program”), which was effective beginning on February 20, 2026 and authorizes the Company to repurchase up to $500,000 of the common shares of Garmin Ltd. Share repurchases may be made in the open market or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and volume of share repurchases are subject to market conditions, business conditions and applicable laws, and are at management’s discretion. The 2026 Program does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time. The 2026 Program expires on December 28, 2028. As of March 28, 2026, the Company had repurchased 38 s hares for $8,889, leavin g $491,111 available to repurchase additional shares under the 2026 Program.

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