Garmin (HAM:GEY) Research & Development: €992 Mil (TTM As of Mar. 2026)


HAM:GEY Garmin Ltd HAM:GEY
99 GF Score
Price €200.40
GF Value €199.08
Valuation Fairly Valued
! 1 Warning Sign
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What is Garmin Research & Development?

Garmin HAM:GEY -3.79% 99 Research & Development is €992 Mil as of Mar. 2026. GuruFocus rates HAM:GEY with a GF Score™ of 99/100 and a GF Value™ of €199.08 (Fairly Valued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Garmin's Research & Development for the three months ended in Mar. 2026 was €256 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €992 Mil.

Garmin  (HAM:GEY) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Garmin Research & Development Related Terms

Garmin Research & Development Historical Data

* Premium members only.

The historical data trend for Garmin's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Garmin Research & Development Chart

Garmin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 689.19 788.17 829.61 948.89 961.80

Garmin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 248.01 239.87 244.07 251.92 255.88
HAM:GEY
99GF Score
Garmin Ltd HAM:GEY
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Garmin Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €992 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €992 Mil mean?
Garmin (HAM:GEY) has a Research & Development of €992 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Garmin and its competitors.
Is Garmin's Research & Development too high?
Garmin's current Research & Development is €992 Mil. Overall, Garmin has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garmin's Research & Development compare to KEYS and TDY?
Garmin's Research & Development of €992 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Hardware company?
A good Research & Development depends on the Hardware industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Garmin and its competitors. Garmin's current Research & Development is €992 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garmin stock overvalued right now?
Based on GuruFocus' analysis, Garmin (HAM:GEY) is currently considered Fairly Valued. The stock's GF Value™ is €199.08, compared to a current price of €200.40 — trading 0.7% above its estimated fair value. The current Research & Development is €992 Mil. Garmin's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Garmin (HAM:GEY), the current Research & Development is €992 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Garmin (HAM:GEY) Overvalued in 2026?

Based on GuruFocus' analysis, Garmin stock appears to be overvalued. The current stock price of €200.40 is trading 0.7% above its estimated GF Value™ of €199.08. GuruFocus considers Garmin to be Fairly Valued.

Key valuation signals for HAM:GEY:

  • Research & Development: €992 Mil
  • GF Value™: €199.08 vs. price of €200.40 (0.7% above fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the HAM:GEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Garmin Business Description

Address Muhlentalstrasse 36/38, Schaffhausen, CHE, 8200
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
99GF Score

Get the complete analysis for HAM:GEY

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€200.40
Price
€199.08
GF Value