Deep Dive Digest #29: Garmin’s Q3 Dark Clouds, Hyrox Heads for the Olympics & Battery Percentages Are Guesses

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Garmin posted record Q3 revenue with a lift from Fenix 9, yet the shares fell 7% during the analyst call. Dearer memory chips will squeeze margins next year, and the CEO’s comments point to price rises in 2027. The call also described who buys Fenix 9: mostly existing owners trading up. Newcomers now arrive through the $199.99 CIRQA, and the same band explains why Connect+, the paid tier owners disliked in 2025, is now beating Garmin’s internal forecasts.

Hyrox has joined World Triathlon on the road to the Olympics. For runners choosing a coaching app, Coopah costs less than Runna and adds human coaches, and most runners weighing Runna against Strava only need one of them. We also looked at whether Coros uses unbranded social media accounts to promote its watches and knock Garmin on Reddit.

Watch battery percentages are guesses, says Richard Nicholson of Overlord Labs, who answers the charging questions athletes argue about most. On the science side, the science behind why concentrated nitrate shots make cyclists 2-3% faster over a time trial (it’s not just vasodilation), and Garmin Running Power gets a refreshed deep dive.

Elsewhere: a per-head scorecard built from Olympic medals, Ironman titles, clubs and race numbers settles which country loves triathlon most, with the USA, Britain and Germany all in contention.

Garmin Black Friday 2026 deals – expect bigger discounts

Garmin Black Friday 2026 deals – expect bigger discounts

Last year the Fenix 8 fell 25%, the Forerunner 970 only 13%. Fenix 9 has pushed far more models into last-generation pricing, and the CEO says retailers want strong promotions, so I’d bet on up to 10 points more off.

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Garmin Connect+ subscriptions are growing. Why? A: CIRQA

Garmin Connect+ subscriptions are growing. Why? A: CIRQA

The paid tier owners hated in 2025 is now beating internal forecasts, says the CEO, and a screenless band that relies on it is the reason. He never said what the forecasts were.

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Garmin price rises could be on the way in 2027

Garmin price rises could be on the way in 2027

Dearer memory chips will squeeze margins next year, and the CEO has told analysts that charging more is one of his tools. Loyal Fenix upgraders look likeliest to pay.

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Garmin Q3 financials – 3 dark clouds hit share price

Garmin Q3 financials – 3 dark clouds hit share price

Record revenue and a Fenix 9 boost could not stop a 7% fall during the analyst call. Memory chips are draining cash and will squeeze 2027 margins, while Fitness growth slowed to 16%.

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Squadrats arrives on Garmin – but Tiloscope does it free

Squadrats arrives on Garmin – but Tiloscope does it free

Tile hunters can now see owned and missing squares on the wrist or the bars without pulling out a phone. The official data field needs a £29.99 Pro subscription, while the no-cost rival also suits older watches.

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Coopah vs Runna – Coopah costs less and has human coaches

Coopah vs Runna – Coopah costs less and has human coaches

Pick the app with movable sessions and a weekly report if your weeks are unpredictable, or the one with exact interval paces on your watch if you want to get faster. A year is £79.99 against £99.99.

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Runna vs Strava – most runners only need one

Runna vs Strava – most runners only need one

Pick the coaching app for a race plan built session by session, and the social tracker for records, segments and clubs. The two have shared an owner since 2025, and a combined yearly bundle costs £119.99 or $149.99.

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Fenix 9 Pro auto transition in a race – handy, not accurate

Fenix 9 Pro auto transition in a race – handy, not accurate

Both watches overran the official T1 by more than 40 seconds at Eton Dorney, and Apple Watch Ultra 3’s near-perfect T2 was luck. Neither can sense the timing mats, so leg splits drift while your overall time stays right.

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Which country loves triathlon most? USA vs GB vs DE vs the rest

Which country loves triathlon most? USA vs GB vs DE vs the rest

Who tops a per-head scorecard built from Olympic medals, Ironman titles, clubs and racing numbers? Britain dominates age-group racing, and Australia comes second overall.

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The Gear I use

The Gear I use

All the sports watches, bike computers, sensors and supplements I use for my training.

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Garmin Running Power – A Guide and the key science

Garmin Running Power – A Guide and the key science

Its watts read about 30 per cent above Stryd’s because the watch counts mechanical work, and the wind input comes from a forecast. Two studies, the supported watches and where to find the numbers are all covered.

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Watch battery percentages are guesses, says chip CEO

Watch battery percentages are guesses, says chip CEO

Richard Nicholson of Overlord Labs answers the questions athletes argue about most. Charging to full before a race is fine; leaving a warm device at 100% for a week is what ages the cell.

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Coros: Do watch brands interfere in rival subreddits?

Coros: Do watch brands interfere in rival subreddits?

I suspected Coros was using unbranded accounts to push its watches and knock Garmin on Reddit. I checked 119,150 comments. No street team appeared, and what I found instead surprised me.

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Hyrox joins World Triathlon on the road to the Olympics

Hyrox joins World Triathlon on the road to the Olympics

This is a monumental change for the sport and for sports tech. Federations get a new product to sell, gym members get a shorter race they can finish, and Amazfit is already building the wrist tech.

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Your first Garmin probably won’t be a watch

Your first Garmin probably won’t be a watch

Fenix 9 sells mostly to owners trading up, says the CEO. Newcomers arrive through a $199.99 screenless band, and the company may have spent years chasing them with the wrong product.

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Beetroot juice for athletes – the evidence

Beetroot juice for athletes – the evidence

Concentrated nitrate shots make cyclists 2-3% faster over a time trial and extend time to exhaustion by up to 16%. Here is how it works inside the muscle, and why blood pressure pills cannot copy it.

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WHOOP bought an Apple Watch strength app

WHOOP bought an Apple Watch strength app

Motra counts gym reps from wrist motion across 470 exercises. LinkedIn profiles of its staff point to a sale, though neither company has announced one, and paying subscribers have heard nothing.

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QUICK READ: Strava training data now works inside Gemini

QUICK READ: Strava training data now works inside Gemini

Strava subscribers in the US can now connect their account to Google Gemini and ask about pace, races, streaks and how the weather affected a run. The link is read-only.

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The Deep Dive Podcast

Listen to one of our recent discussions on the Deep Dive podcast – Hyrox Joins World Triathlon: The Road to the Olympics (ft. AI Insights)


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Previous edition: Deep Dive Digest #28

Last Updated on 31 October 2026 by tfk the5krunner


Small things I always use

Watches and sensors

On the bike

Home and indoor training

  • NPE Runn: Makes my basic treadmill smart, sending more accurate speed and distance to my watch and Zwift. I use it.
  • Google Wifi: Keeps Zwift connected in my pain cave. I use it.
  • Apple TV 4K: Zwift on the big screen. I use two.
  • Google Nest Doorbell (wired, 2nd gen): My video doorbell, running in both Google Home and Apple Home. I use it.

Health, recovery and sleep



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