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

Garmin has disclosed Research & Development across 17 years of filings, most recently posting $295.8 million for Q1 2026.

• Research & Development for Q1 2026 came in at $295.8 million, up 10.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 13.22% YoY), and the FY2025 annual result was $1.1 billion, up 13.35% from the prior year.
• Research & Development came in at $295.8 million for Q1 2026 at Garmin, roughly flat from $295.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $295.8 million in Q1 2026 to a low of $201.5 million in Q2 2022.
• The 5-year median for Research & Development is $242.5 million (2024), against an average of $244.4 million.
• Across the five-year window, Research & Development grew 4.91% in 2022 and increased 14.97% in 2025, its largest moves.
• Garmin's 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 climbed by 0.28% to $295.8 million in 2026.
• The last three Research & Development figures came in at $295.8 million (Q1 2026), $295.0 million (Q4 2025), and $286.5 million (Q3 2025), per Business Quant data.