Garmin announces record revenues again

That there is increasing competition in the field of GPS devices, with more brands offering top-level cycle computers, or the controversy that arose with Strava, who threatened to cut off synchronization, has not affected the all-powerful Garmin, which continues to dominate the GPS device market with an iron fist, being the reference that everyone tries to emulate. A situation of dominance that is reflected in the third-quarter figures just presented by the company.

Economic figures support Garmin's market dominance

Although it is not uncommon to see arguments predicting the end of Garmin's dominance, especially when some rival brands present innovative products that many predict will change the trend, the reality is that Garmin continues to be the preferred device for cyclists in particular and athletes in general to accompany their training or simply monitor their day-to-day activity, leaving the rest of the brands what could almost be considered as market crumbs despite the fact that companies like Wahoo or Hammerhead in the world of cycling seek to scratch a bit of market share.

A leadership situation that is reflected in the economic figures for the third quarter of 2025 just published by the American firm, which are record numbers thanks to recent launches such as their Edge 850 and 550 cycling models that only improve their top-selling cycle computers even more, raising their performance even higher before any rival can come close to what they offer.

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$1.8 billion in revenue, 12% more than the same period last year, and gross and operating margins of 59.1% and 25.8% respectively, along with operating income of $457 million, represent record numbers that certify Garmin's good performance in economic terms.

A sales growth that was homogeneous worldwide and allows Garmin to update its 2025 forecasts for the end of the year where there are still Black Friday and Christmas campaigns to finish off a dream year.

Economic news that comes after weeks of uncertainty due to the problems that arose with the Strava platform that sued Garmin for using functions that the well-known platform claimed as its own and was withdrawn after Strava assessed the tremendous damage that cutting off synchronization with Garmin could cause them and being left without the huge stream of data coming from their devices. A situation that, as seen, has not affected the sales of the GPS giant at all.

The buoyant situation of Garmin contrasts with a complicated moment for the bicycle industry, but we cannot forget that Garmin not only has a dominant position in cycling and sports in general, but its products even reach navigation in boats, airplanes, or devices for cars, allowing it to diversify its offer greatly and easily deal with any challenges that may arise in a specific area.