Official Garmin revenue figures for the quarter have been published and show strong growth compared to the same quarter last year with all sectors gaining apart from automotive. The Fitness and Marine sectors show particularly big increases, although the Fitness figures include TACX.
Don’t expect this to continue for the rest of the year. Indeed Garmin has withdrawn their guidance to investors for the remainder of the year due to the obvious current uncertainties.
Garmin competitors shouldn’t get too excited though about any imminent demise. Garmin has something like $2bn (billion) of cash sitting in the bank for a very rainy day. It’s raining hard right now.
Elsewhere, Spotify figures were very recently published too and also showed growth. Perhaps Garmin’s Q1 growth is more unexpected than that from Spotify?
Last Updated on 22 January 2026 by the5krunner
My favourite kit and nutrition
- Injinji – Runners protect your toes. Avoid discomfort and minor injury. Run more. Run faster. I use them.
- Garmin 90-degree charging adapter — A small keyring adapter you can use anywhere. Essential when away. I use one.
- Garmin charging puck — the fastest and most reliable way to top up your Garmin before a session. I use one.
- Ravemen FR300 — Front light that mounts directly under your Garmin or Wahoo head unit. Keeps your bars clean and your beam pointed where it matters. I use one.
- Body Glide – The blue anti-chafe stick that all swimmers and many runners use. I use it.
- Maurten — The race nutrition trusted by elite athletes. Gels and drink mixes engineered to be easy on the stomach. I use them.
- Garmin Varia RTL515 — A radar rear light that alerts you to vehicles approaching from behind. Pairs with your Edge or Wahoo. I use this model.
- Favero Assioma Pro RS2 — The power-meter pedals most serious cyclists choose. Accurate, easy to move between bikes. I use this model.
- Garmin Forerunner 970 — A serious choice for a pro-grade triathlon watch. I use this.
- Polar H10 — My daily driver for accurate, waking HRV readings.
- Wahoo ELEMNT Roam 3 — The bike computer that has the feature Garmin lacks: usability. I use mine on most rides.
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tfk is the founder and author of the5krunner, an independent endurance sports technology publication. With 20 years of hands-on testing of GPS watches and wearables, and competing in triathlons at an international age-group level, tfk provides in-depth expert analysis of fitness technology for serious athletes and endurance sport competitors. ID
