Trimble (NASDAQ:TRMB) Releases Earnings Results, Meets Expectations

Trimble (NASDAQ:TRMB) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86, Briefing.com reports. The firm had revenue of $966.80 million during the quarter, compared to analysts’ expectations of $966.41 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. Trimble’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS.

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

• Third-quarter revenue was $967 million, up 7%, and EPS was $0.86, both in line with or above the midpoint of guidance. Trimble maintained its 2026 revenue outlook and raised its EPS midpoint to $3.66, while expecting roughly 30% EBITDA margins.
• Trimble lowered its 2026 ARR growth outlook to approximately 10%, from 12%–14%, citing weaker positioning-services demand in South American agriculture, lower-than-expected renewals on bundled services, and softer European freight conditions. The company said the headwinds were concentrated in field systems and transportation, while AECO remained strong.
• AECO continued to perform well, with ARR up 13% and quarterly revenue up 9%; Trimble raised its full-year AECO operating-margin target by 100 basis points to 36%. Management also cited healthy pipeline and backlog as support for continued growth.
• Management highlighted growing use of its connected platform and AI tools, including more than 30 billion Trimble Connect API calls in the quarter and rising adoption of several AI features. It said AI monetization is still developing and is not expected to be an aggregate needle-mover in the first half of 2027.
• For 2027, Trimble expects a roughly $90 million revenue and operating-income headwind from a term-license timing change, with ARR and free cash flow unaffected. Excluding that impact, the company expects EPS growth at the high end of its low-to-mid-teens long-term range, supported in part by operational efficiencies.

Trimble Trading Down 0.4%

NASDAQ:TRMB opened at $54.01 on Thursday. Trimble has a one year low of $47.92 and a one year high of $84.42. The company’s 50-day simple moving average is $59.94 and its 200 day simple moving average is $60.68. The firm has a market capitalization of $12.59 billion, a P/E ratio of -110.93, a PEG ratio of 2.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRMB. Barclays lifted their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Oppenheimer restated an “outperform” rating and issued a $73.00 target price on shares of Trimble in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Finally, Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and an average price target of $78.78.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 2,476 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $160,940.00. Following the completion of the transaction, the director owned 14,950 shares of the company’s stock, valued at $971,750. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Trimble News Roundup

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Trimble reported third-quarter revenue of about $967 million, up 7.3% year over year, and record annualized recurring revenue of $2.564 billion. These figures point to continued growth in its subscription business. Article: Trimble: The Company That Sold the Tractor Business to Buy the Whole Job Site
• Neutral Sentiment: Adjusted earnings of $0.86 per share matched analyst expectations, while revenue was slightly above consensus. The results were solid, but did not deliver a clear earnings surprise. Article: Earnings Flash
• Neutral Sentiment: Trimble added Matthew C. Brown to its board. The appointment may add board experience, though the report does not identify an immediate financial effect. Article: What Does Trimble Gain From Adding Matthew C. Brown To Its Board?
• Negative Sentiment: The company cut its growth outlook as the European freight market slows. That weaker forward view likely outweighed the quarter’s revenue growth and record recurring revenue, prompting a sharp decline in the stock. Article: Trimble cuts growth outlook as European freight market slows

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.