Trimble (NASDAQ:TRMB) Announces Quarterly Earnings Results

Trimble (NASDAQ:TRMB) released its earnings results on Wednesday. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06, FiscalAI reports. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Trimble updated its Q3 2026 guidance to 0.830-0.880 EPS and its FY 2026 guidance to 3.600-3.700 EPS.

Here are the key takeaways from Trimble’s conference call:

• Second-quarter results exceeded expectations: organic revenue grew 10% to $972 million, EBITDA margin expanded 120 basis points to 28.6%, and EPS reached $0.86.
• Trimble raised its 2026 guidance, increasing the revenue midpoint by $50 million to $3.925 billion and EPS midpoint by $0.10 to $3.65, implying approximately 9% revenue growth and 17% EPS growth; the company now expects to reach its 30% EBITDA margin target one year early.
• Engineering and construction momentum remained strong, with AECO ARR up 14% and Field Systems ARR up 12% in the quarter. Management highlighted robust demand from data centers, utilities, energy infrastructure, reshoring, and infrastructure, alongside growing adoption of AI-enabled workflows and Trimble Connect.
• Field Systems’ full-year ARR outlook was reduced to high-single-digit to low-double-digit growth because Trimble is winding down a low-margin white-label product and replacing it with an internally developed solution. The transition is expected to create a 400–500 basis-point headwind to Field Systems ARR growth over the next several quarters, although management expects longer-term profitability benefits.
• Trimble launched a strategic review of its Transportation and Logistics business after receiving inbound interest from multiple parties. Management said there is no predetermined outcome or timeline and that it will weigh potential third-party value against continuing to operate the business within Trimble.

Trimble Stock Performance

Shares of NASDAQ:TRMB traded down $1.48 during trading on Wednesday, reaching $56.50. 1,941,267 shares of the stock were exchanged, compared to its average volume of 2,389,878. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $53.26 and a 200-day moving average price of $60.78. Trimble has a 12 month low of $47.92 and a 12 month high of $84.54. The firm has a market cap of $13.17 billion, a PE ratio of 29.74, a PEG ratio of 1.94 and a beta of 1.37.

Analyst Upgrades and Downgrades

TRMB has been the subject of several analyst reports. Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Wells Fargo & Company lowered their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price target on Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, Piper Sandler lowered their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.62.

Insiders Place Their Bets

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Institutional Trading of Trimble

Hedge funds and other institutional investors have recently bought and sold shares of the business. DV Equities LLC bought a new position in shares of Trimble during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Trimble in the fourth quarter valued at approximately $27,000. Quarry LP grew its position in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 232 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 169 shares during the period. Finally, Osterweis Capital Management Inc. increased its stake in Trimble by 5,790.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 589 shares of the scientific and technical instruments company’s stock worth $45,000 after acquiring an additional 579 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trending Headlines about Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Second-quarter results exceeded expectations: Trimble reported adjusted EPS of $0.86, above the $0.80 consensus estimate, while revenue reached $972 million versus expectations of approximately $952 million. Revenue increased 11% year over year, and EPS rose from $0.71 in the prior-year quarter. Trimble Navigation Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year outlook was raised: Trimble now expects fiscal 2026 EPS of $3.60-$3.70, above the $3.47 analyst consensus, and revenue of $3.9-$4.0 billion. The company also cited record annualized recurring revenue, record second-quarter gross margins and continued execution of its Connect & Scale strategy. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Share repurchase authorization: Trimble’s board approved a new $1 billion stock-buyback authorization, potentially supporting per-share results and signaling management confidence in the company’s cash-generation outlook. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Neutral Sentiment: Broader market backdrop was supportive: U.S. stock futures rose after key inflation data came in broadly in line with expectations, although the development was not specific to Trimble. U.S. Stock Futures Rise After In-Line Key Inflation Data
• Negative Sentiment: Third-quarter guidance was mixed: Trimble forecast EPS of $0.83-$0.88, with a midpoint slightly below the $0.84 consensus, and revenue of $953-$978 million, whose midpoint is below the $960.1 million estimate. This may have prompted profit-taking despite the quarterly beat and stronger full-year forecast.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.