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R&D at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
$627M-1.6%
Apple logo
AppleAAPL
$11.42B+33.6%
Honeywell International logo
Honeywell InternationalHON
$492M+18.3%
Teledyne Technologies logo
Teledyne TechnologiesTDY
$84.6M+13.9%
NXP Semiconductors logo
NXP SemiconductorsNXPI
$588M+7.5%
Alphabet Inc. logo
Alphabet Inc.GOOGL

Segments

By segment

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Aviation$89.46M+6.2%
Outdoor$70.3M+11.5%
Fitness$62.3M+23.5%
Marine$48.95M+11.3%
Auto Oem$24.81M-6.1%

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×
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 R&D?
Garmin (GRMN) reported R&D of $295.82M in Q1 2026.
How has Garmin's R&D changed year-over-year?
Garmin's R&D increased by 10.3% year-over-year, from $268.12M to $295.82M.
What is the long-term trend for Garmin's R&D?
Over 4 years (2021 to 2025), Garmin's R&D has grown at a 9.7% compound annual growth rate (CAGR), from $778.75M to $1.13B.
What does R&D mean?
The money spent on creating new products or improving existing ones.
How do you interpret R&D?
Higher spending suggests a focus on future innovation, while lower spending might indicate a shift toward cost-cutting or a mature product lifecycle.
How does R&D compare across companies?
Standard operating expense; technology and hardware peers often benchmark this as a percentage of total revenue.