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Garmin GRMN Auto Oem — Research And Development Expense

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Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0×0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's auto oem — research and development expense?
Garmin (GRMN) reported auto oem — research and development expense of $24.81M in Q1 2026.
How has Garmin's auto oem — research and development expense changed year-over-year?
Garmin's auto oem — research and development expense decreased by 6.1% year-over-year, from $26.42M to $24.81M.
What is the long-term trend for Garmin's auto oem — research and development expense?
Over 3 years (2022 to 2025), Garmin's auto oem — research and development expense has grown at a -3.6% compound annual growth rate (CAGR), from $122.04M to $109.3M.
What does auto oem — research and development expense mean?
Spending on innovation and product development for the automotive segment.
How do you interpret auto oem — research and development expense?
High spending signals a commitment to future product cycles and technological leadership, while a sharp decline may indicate reduced investment in the segment's long-term competitiveness.
How does auto oem — research and development expense compare across companies?
Comparable to R&D spending in automotive technology and software-defined vehicle divisions.