Garmin annual r&d spending
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Garmin R&D Spending Growth & History (GRMN)
Garmin's r&d spending was $1.13B for fiscal 2025.
View full Garmin company overviewGarmin annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-27 | $1.13B | $132.6M | +13.35% |
| 2024 | 2024-12-28 | $993.6M | $88.9M | +9.83% |
| 2023 | 2023-12-30 | $904.7M | $69.8M | +8.36% |
| 2022 | 2022-12-31 | $834.9M | $56.2M | +7.21% |
| 2021 | 2021-12-25 | $778.8M | $126.4M | +19.38% |
| 2020 | 2020-12-26 | $652.3M | $47.0M | +7.76% |
| 2019 | 2019-12-28 | $605.4M | $37.6M | +6.62% |
| 2018 | 2018-12-29 | $567.8M | $56.2M | +10.98% |
| 2017 | 2017-12-30 | $511.6M | $43.7M | +9.33% |
| 2016 | 2016-12-31 | $468.0M | $40.9M | +9.58% |
| 2015 | 2015-12-26 | $427.0M | $31.9M | +8.08% |
| 2014 | 2014-12-27 | $395.1M | $30.2M | +8.28% |
| 2013 | 2013-12-28 | $364.9M | $39.1M | +12.02% |
| 2012 | 2012-12-29 | $325.8M | $27.2M | +9.11% |
| 2011 | 2011-12-31 | $298.6M | $21.3M | +7.69% |
| 2010 | 2010-12-25 | $277.3M | $38.9M | +16.31% |
| 2009 | 2009-12-26 | $238.4M | $32.3M | +15.66% |
| 2008 | 2008-12-27 | $206.1M | $46.7M | +29.30% |
| 2007 | 2007-12-29 | $159.4M | — | — |
Garmin quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $303.9M | $27.3M | +9.86% |
| Q1 2026 | 2026-03-28 | $295.8M | $27.7M | +10.33% |
| Q4 2025 | 2025-12-27 | $295.0M | $36.2M | +14.00% |
| Q3 2025 | 2025-09-27 | $286.5M | $37.3M | +14.97% |
| Q2 2025 | 2025-06-28 | $276.7M | $33.5M | +13.78% |
| Q1 2025 | 2025-03-29 | $268.1M | $25.6M | +10.55% |
| Q4 2024 | 2024-12-28 | $258.8M | $21.5M | +9.07% |
| Q3 2024 | 2024-09-28 | $249.2M | $27.6M | +12.45% |
| Q2 2024 | 2024-06-29 | $243.2M | $18.8M | +8.36% |
| Q1 2024 | 2024-03-30 | $242.5M | $21.1M | +9.50% |
| Q4 2023 | 2023-12-30 | $237.2M | $21.5M | +9.98% |
| Q3 2023 | 2023-09-30 | $221.6M | $12.9M | +6.17% |
| Q2 2023 | 2023-07-01 | $224.4M | $22.9M | +11.35% |
| Q1 2023 | 2023-04-01 | $221.5M | $12.5M | +5.97% |
| Q4 2022 | 2022-12-31 | $215.7M | $10.8M | +5.25% |
| Q3 2022 | 2022-09-24 | $208.7M | $9.8M | +4.91% |
| Q2 2022 | 2022-06-25 | $201.5M | $15.5M | +8.33% |
| Q1 2022 | 2022-03-26 | $209.0M | $20.2M | +10.67% |
| Q4 2021 | 2021-12-25 | $205.0M | $58.6M | +40.06% |
| Q3 2021 | 2021-09-25 | $198.9M | $24.0M | +13.75% |
| Q2 2021 | 2021-06-26 | $186.0M | $20.3M | +12.24% |
| Q1 2021 | 2021-03-27 | $188.8M | $23.5M | +14.18% |
| Q4 2020 | 2020-12-26 | $146.3M | −$15.7M | −9.68% |
| Q3 2020 | 2020-09-26 | $174.9M | $26.3M | +17.72% |
| Q2 2020 | 2020-06-27 | $165.7M | $16.9M | +11.32% |
| Q1 2020 | 2020-03-28 | $165.4M | $19.5M | +13.35% |
| Q4 2019 | 2019-12-28 | $162.0M | $16.8M | +11.61% |
| Q3 2019 | 2019-09-28 | $148.6M | $9.6M | +6.89% |
| Q2 2019 | 2019-06-29 | $148.9M | $7.2M | +5.06% |
| Q1 2019 | 2019-03-30 | $145.9M | $4.0M | +2.79% |
| Q4 2018 | 2018-12-29 | $145.2M | $12.6M | +9.51% |
| Q3 2018 | 2018-09-29 | $139.0M | $9.3M | +7.21% |
| Q2 2018 | 2018-06-30 | $141.7M | $14.5M | +11.37% |
| Q1 2018 | 2018-03-31 | $142.0M | $19.8M | +16.17% |
| Q4 2017 | 2017-12-30 | $132.6M | $3.6M | +2.79% |
| Q3 2017 | 2017-09-30 | $129.6M | $13.2M | +11.32% |
| Q2 2017 | 2017-07-01 | $127.2M | $12.9M | +11.27% |
| Q1 2017 | 2017-04-01 | $122.2M | $14.0M | +12.94% |
| Q4 2016 | 2016-12-31 | $129.0M | $22.9M | +21.64% |
| Q3 2016 | 2016-09-24 | $116.4M | $10.7M | +10.08% |
| Q2 2016 | 2016-06-25 | $114.4M | $5.1M | +4.68% |
| Q1 2016 | 2016-03-26 | $108.2M | $2.2M | +2.08% |
| Q4 2015 | 2015-12-26 | $106.0M | $4.5M | +4.39% |
| Q3 2015 | 2015-09-26 | $105.8M | $6.8M | +6.86% |
| Q2 2015 | 2015-06-27 | $109.2M | $10.8M | +11.01% |
| Q1 2015 | 2015-03-28 | $106.0M | $9.8M | +10.23% |
| Q4 2014 | 2014-12-27 | $101.6M | $9.0M | +9.70% |
| Q3 2014 | 2014-09-27 | $99.0M | $10.6M | +11.95% |
| Q2 2014 | 2014-06-28 | $98.4M | $2.2M | +2.26% |
| Q1 2014 | 2014-03-29 | $96.2M | $8.5M | +9.66% |
| Q4 2013 | 2013-12-28 | $92.6M | $9.3M | +11.19% |
| Q3 2013 | 2013-09-28 | $88.4M | $5.9M | +7.20% |
| Q2 2013 | 2013-06-29 | $96.2M | $15.9M | +19.84% |
| Q1 2013 | 2013-03-30 | $87.7M | $8.0M | +10.00% |
| Q4 2012 | 2012-12-29 | $83.3M | −$1.4M | −1.65% |
| Q3 2012 | 2012-09-29 | $82.5M | $9.6M | +13.10% |
| Q2 2012 | 2012-06-30 | $80.3M | $9.8M | +13.88% |
| Q1 2012 | 2012-03-31 | $79.7M | $9.2M | +13.11% |
| Q4 2011 | 2011-12-31 | $84.7M | $12.7M | +17.69% |
| Q3 2011 | 2011-09-24 | $72.9M | $3.4M | +4.93% |
| Q2 2011 | 2011-06-25 | $70.5M | −$2.8M | −3.85% |
| Q1 2011 | 2011-03-26 | $70.5M | $8.0M | +12.80% |
| Q4 2010 | 2010-12-25 | $71.9M | $345,000 | +0.48% |
| Q3 2010 | 2010-09-25 | $69.5M | $14.0M | +25.23% |
| Q2 2010 | 2010-06-26 | $73.3M | $17.1M | +30.37% |
| Q1 2010 | 2010-03-27 | $62.5M | $7.4M | +13.54% |
| Q4 2009 | 2009-12-26 | $71.6M | — | — |
| Q3 2009 | 2009-09-26 | $55.5M | $2.8M | +5.23% |
| Q2 2009 | 2009-06-27 | $56.3M | $2.7M | +4.96% |
| Q1 2009 | 2009-03-28 | $55.0M | — | — |
| Q3 2008 | 2008-09-27 | $52.7M | — | — |
| Q2 2008 | 2008-06-28 | $53.6M | — | — |
Garmin r&d spending trends
Over the last five fiscal years, Garmin's r&d spending increased from $652.3M to $1.13B, a change of $473.9M. The latest reported quarter, Q2 2026, shows $303.9M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Garmin source filings ↗