Garmin (LTS:0VQS) Research & Development: CHF921 Mil (TTM As of Mar. 2026)


LTS:0VQS Garmin Ltd LTS:0VQS
99 GF Score
Price CHF202.09
GF Value CHF194.71
! 1 Warning Sign
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What is Garmin Research & Development?

Garmin LTS:0VQS 99 Research & Development is CHF921 Mil as of Mar. 2026. GuruFocus rates LTS:0VQS with a GF Score™ of 99/100 and a GF Value™ of CHF194.71. 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 CHF233 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was CHF921 Mil.

Garmin  (LTS:0VQS) 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 717.23 777.82 782.38 885.90 897.49

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 236.91 224.98 228.05 235.07 232.90
LTS:0VQS
99GF Score
Garmin Ltd LTS:0VQS
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 CHF921 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 CHF921 Mil mean?
Garmin (LTS:0VQS) has a Research & Development of CHF921 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 CHF921 Mil. Overall, Garmin has a GF Score™ of 99/100, 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 CHF921 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 CHF921 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?
Garmin (LTS:0VQS) has a current Research & Development of CHF921 Mil. The stock's GF Value™ is CHF194.71, compared to a current price of CHF202.09 — trading 3.8% above its estimated fair value. The current Research & Development is CHF921 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 (LTS:0VQS), the current Research & Development is CHF921 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 (LTS:0VQS) Overvalued in 2026?

Based on GuruFocus' analysis, Garmin stock appears to be overvalued. The current stock price of CHF202.09 is trading 3.8% above its estimated GF Value™ of CHF194.71.

Key valuation signals for LTS:0VQS:

  • Research & Development: CHF921 Mil
  • GF Value™: CHF194.71 vs. price of CHF202.09 (3.8% above fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the LTS:0VQS 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 LTS:0VQS

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

CHF202.09
Price
CHF194.71
GF Value