Garmin (GRMN) Research & Development (2009 - 2026)

Garmin has disclosed Research & Development across 17 years of filings, most recently posting $303.9 million for Q2 2026.

• In Q2 2026, Research & Development rose 9.86% year-over-year to $303.9 million; the TTM figure through Jun 2026 stood at $1.2 billion (up 12.21% YoY), while the FY2025 annual figure was $1.1 billion, up 13.35% from the prior year.
• Research & Development came in at $303.9 million for Q2 2026 at Garmin, up from $295.8 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $303.9 million in Q2 2026 to a low of $201.5 million in Q2 2022.
• Average Research & Development over 5 years is $247.7 million, with a median of $242.8 million recorded in 2024.
• Year-over-year, Research & Development increased 4.91% in 2022 and rose 14.97% in 2025.
• Over 5 years, Research & Development stood at $215.7 million in 2022, then climbed by 9.98% to $237.2 million in 2023, then gained by 9.07% to $258.8 million in 2024, then increased by 14.0% to $295.0 million in 2025, then rose by 3.04% to $303.9 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $303.9 million in Q2 2026, $295.8 million in Q1 2026, and $295.0 million in Q4 2025.