Trimble Reports Q2 Earnings with Revenue Growth, Guidance Raised for Full Year
Trimble (TRMB) reported second-quarter revenue of $972 million, reflecting an 11% year-over-year increase. Annualized Recurring Revenue reached $2.51 billion, up 14%, and non-GAAP diluted earnings per share rose to $0.86 from $0.71 in the prior year. The AECO segment saw revenue growth of 9%, while Field Systems grew by 12%. Trimble raised its full-year 2026 revenue guidance to between $3.9 billion and $3.95 billion, up from previous expectations. Despite a GAAP net loss driven primarily by a $562 million goodwill impairment charge in the Transportation & Logistics segment, management remains optimistic about long-term performance. Trimble also announced a new $1 billion share repurchase program to enhance shareholder value and is on track for 35% operating margins in AECO this year. The company's free cash flow reached $502 million through Q2 of 2026, with guidance provided for the third quarter as well.
Topics: ARR growth EBITDA margin expansion non-GAAP EPS revenue segment performance