Garmin (GRMN) Research & Development (2009 - 2026)
Garmin (GRMN) posted Research & Development of $303.9 million for Q2 2026, up 2.75% sequentially from $295.8 million in Q1 2026, and up 9.86% YoY from $276.7 million in Q2 2025.
Garmin (GRMN) Research & Development (2009 - 2026) Analysis & Trends
Garmin has reported Research & Development for 17 years, with the latest figure at $303.9 million in Q2 2026.
- Quarterly Research & Development rose 9.86% year-over-year to $303.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.2 billion (up 12.21% YoY) and the FY2025 annual result came in at $1.1 billion, up 13.35% from the prior year.
- Research & Development improved to $303.9 million in Q2 2026 per GRMN's latest filing, from $295.8 million in the prior quarter.
- Over five years, Research & Development peaked at $303.9 million in Q2 2026 and troughed at $201.5 million in Q2 2022.
- A 5-year average of $247.7 million and a median of $242.8 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2025: Research & Development rose 4.91% in 2022, then gained 14.97% in 2025.
- Over 5 years, Research & Development stood at $215.7 million in 2022, then increased by 9.98% to $237.2 million in 2023, then climbed by 9.07% to $258.8 million in 2024, then gained by 14.0% to $295.0 million in 2025, then advanced by 3.04% to $303.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $303.9 million, $295.8 million, and $295.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 303.94 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 320.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 216.38 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 90.20 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 76.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 67.50 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 177.10 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 32.39 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | - |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 31.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 303.94 Mn |
| Mar 28, 2026 | 295.82 Mn |
| Dec 27, 2025 | 294.98 Mn |
| Sep 27, 2025 | 286.46 Mn |
| Jun 28, 2025 | 276.66 Mn |
| Mar 29, 2025 | 268.12 Mn |
| Dec 28, 2024 | 258.75 Mn |
| Sep 28, 2024 | 249.16 Mn |
| Jun 29, 2024 | 243.15 Mn |
| Mar 30, 2024 | 242.54 Mn |
| Dec 30, 2023 | 237.25 Mn |
| Sep 30, 2023 | 221.57 Mn |
| Jul 1, 2023 | 224.39 Mn |
| Apr 1, 2023 | 221.49 Mn |
| Dec 31, 2022 | 215.71 Mn |
| Sep 24, 2022 | 208.69 Mn |
| Jun 25, 2022 | 201.52 Mn |
| Mar 26, 2022 | 209.01 Mn |
| Dec 25, 2021 | 204.95 Mn |
| Sep 25, 2021 | 198.93 Mn |