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ICU Medical (ICUI) R&D spending by quarter

ICU Medical's R&D spending was $21.8M in Q3 2026 (third quarter 2026), -4% from Q2 2026. Over the last 6 quarters it ranged from $21.3M (Q3 2025) to $23.3M (Q1 2025).

ICU Medical R&D spending by quarterICU Medical R&D spending by quarter$23.3MQ1 2025$21.9MQ2 2025$21.3MQ3 2025$21.3MQ1 2026$22.7MQ2 2026$21.8MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$21.8M-4%+2%
Q2 2026$22.7M+7%+4%
Q1 2026$21.3M+0.1%-9%
Q3 2025$21.3M-3%—
Q2 2025$21.9M-6%—
Q1 2025$23.3M——

Q3 2026 at a glance

ICU Medical, Q3 2026: revenue $560M (+4% year over year), operating margin 9.3%, net earnings $26.8M, operating cash flow $99.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is ICU Medical's R&D spending?

ICU Medical's R&D spending was $21.8M in Q3 2026 (third quarter 2026), -4% from Q2 2026.

How has ICU Medical's R&D spending changed?

Over the last 6 quarters it ranged from $21.3M (Q3 2025) to $23.3M (Q1 2025).

Q3 2026 results → · How ICU Medical makes money →