Garmin Ltd (GRMN) stock
GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26
Financials through Q3 FY2026, quarter ended Sep 26, 2026Last filing: 10-Q on Oct 28, 2026Score 22/3011% above fair value
$283.03−3.15 (-1.10%)
Close on Nov 13, 2026Market cap $54.54BP/E 27.2Yield –
Garmin r&d expenses
Research and development expenses are spending on new products and technology.
Garmin's R&D Expenses for the twelve months ending Sep 26, 2026 was $1.21B, up 10.8% year over year. For fiscal 2025 it was $1.13B, up 13.3% from the year before. Over ten years it grew 10.2% a year on average. The highest annual figure on record is $1.13B in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 27, 2025 | $1.13B | +13.3% |
| FY2024 | Dec 28, 2024 | $993.60M | +9.8% |
| FY2023 | Dec 30, 2023 | $904.70M | +8.4% |
| FY2022 | Dec 31, 2022 | $834.93M | +7.2% |
| FY2021 | Dec 25, 2021 | $778.75M | +19.4% |
| FY2020 | Dec 26, 2020 | $652.34M | +7.8% |
| FY2019 | Dec 28, 2019 | $605.37M | +6.6% |
| FY2018 | Dec 29, 2018 | $567.81M | +11.0% |
| FY2017 | Dec 30, 2017 | $511.63M | +9.3% |
| FY2016 | Dec 31, 2016 | $467.96M | +9.6% |
| FY2015 | Dec 26, 2015 | $427.04M | +8.1% |
| FY2014 | Dec 27, 2014 | $395.12M | +8.3% |
| FY2013 | Dec 28, 2013 | $364.92M | +12.0% |
| FY2012 | Dec 29, 2012 | $325.77M | +9.1% |
| FY2011 | Dec 31, 2011 | $298.58M | +7.7% |
| FY2010 | Dec 25, 2010 | $277.26M | +16.3% |
| FY2009 | Dec 26, 2009 | $238.38M | +15.7% |
| FY2008 | Dec 27, 2008 | $206.11M | +29.3% |
| FY2007 | Dec 29, 2007 | $159.41M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 26, 2026 | $312.92M | +9.2% |
| Q2 FY2026 | Jun 27, 2026 | $303.94M | +9.9% |
| Q1 FY2026 | Mar 28, 2026 | $295.82M | +10.3% |
| Q4 FY2025 | Dec 27, 2025 | $294.98M | +14.0% |
| Q3 FY2025 | Sep 27, 2025 | $286.46M | +15.0% |
| Q2 FY2025 | Jun 28, 2025 | $276.66M | +13.8% |
| Q1 FY2025 | Mar 29, 2025 | $268.12M | +10.5% |
| Q4 FY2024 | Dec 28, 2024 | $258.75M | +9.1% |
| Q3 FY2024 | Sep 28, 2024 | $249.16M | +12.5% |
| Q2 FY2024 | Jun 29, 2024 | $243.15M | +8.4% |
| Q1 FY2024 | Mar 30, 2024 | $242.54M | +9.5% |
| Q4 FY2023 | Dec 30, 2023 | $237.25M | +10.0% |
| Q3 FY2023 | Sep 30, 2023 | $221.57M | +6.2% |
| Q2 FY2023 | Jul 1, 2023 | $224.39M | +11.4% |
| Q1 FY2023 | Apr 1, 2023 | $221.49M | +6.0% |
| Q4 FY2022 | Dec 31, 2022 | $215.71M | +5.3% |
| Q3 FY2022 | Sep 24, 2022 | $208.69M | +4.9% |
| Q2 FY2022 | Jun 25, 2022 | $201.52M | +8.3% |
| Q1 FY2022 | Mar 26, 2022 | $209.01M | +10.7% |
| Q4 FY2021 | Dec 25, 2021 | $204.95M | +40.1% |
| Q3 FY2021 | Sep 25, 2021 | $198.93M | +13.7% |
| Q2 FY2021 | Jun 26, 2021 | $186.02M | +12.2% |
| Q1 FY2021 | Mar 27, 2021 | $188.85M | +14.2% |
| Q4 FY2020 | Dec 26, 2020 | $146.33M | -9.7% |
| Q3 FY2020 | Sep 26, 2020 | $174.88M | +17.7% |
| Q2 FY2020 | Jun 27, 2020 | $165.74M | +11.3% |
| Q1 FY2020 | Mar 28, 2020 | $165.39M | +13.3% |
| Q4 FY2019 | Dec 28, 2019 | $162.01M | +11.6% |
| Q3 FY2019 | Sep 28, 2019 | $148.56M | +6.9% |
| Q2 FY2019 | Jun 29, 2019 | $148.88M | +5.1% |
| Q1 FY2019 | Mar 30, 2019 | $145.92M | +2.8% |
| Q4 FY2018 | Dec 29, 2018 | $145.16M | +9.5% |
| Q3 FY2018 | Sep 29, 2018 | $138.98M | +7.2% |
| Q2 FY2018 | Jun 30, 2018 | $141.71M | +11.4% |
| Q1 FY2018 | Mar 31, 2018 | $141.96M | +16.2% |
| Q4 FY2017 | Dec 30, 2017 | $132.55M | +2.8% |
| Q3 FY2017 | Sep 30, 2017 | $129.63M | – |
| Q2 FY2017 | Jul 1, 2017 | $127.25M | – |
| Q1 FY2017 | Apr 1, 2017 | $122.20M | – |
| Q4 FY2016 | Dec 31, 2016 | $128.95M | – |
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