Detailed spectroscopic investigations are made for cubic (O h10–Ia3d) Nd3+ doped Y3Ga5O12 and YGaO3 garnet crystals, formed in the physico‐chemical Y2O3‐Ga2O3 system with sesquoxide relations 3:5 and 1:1. As result of absorption and luminescence spectra analysis, the Stark splittings of the lowest 4F3/2 and 4I9/2‐15/2 manifolds of the Nd3+ ions are determined with high accuracy. This allows to make reliable identification of induced transitions measured before in Y3Ga5O12–Nd3+ crystals. Some spectroscopic characteristics of the Nd3+ ions in Y3Ga5O12 and YGaO3 crystals, such as luminescent lifetime of the metastable state, intermanifold and “Stark” luminescence branching ratios, linewidths, luminescence quantum efficiency, as well as peak cross‐sections and spontaneous transition probabilities are also determined. These characteristics are necessary for a theoretical description of the functional properties of lasers based on the above mentioned media.