Posted on May 12, 2026
WESTMINSTER, Colo., May 6, 2026 /PRNewswire/ — Trimble Inc. (Nasdaq: TRMB) today announced financial results for the first quarter of 2026.
First Quarter 2026 Financial Highlights
- Revenue of $939.9 million, up 12 percent on a year-over-year basis, up 12 percent on an organic basis
- Annualized recurring revenue (“ARR”) was $2.43 billion, up 12 percent year-over-year, up 12 percent on an organic basis
- GAAP operating income was $144.0 million, 15.3 percent of revenue, and non-GAAP operating income was $243.2 million, 25.9 percent of revenue
- GAAP net income was $98.9 million and non-GAAP net income was $186.9 million
- Diluted earnings per share (“EPS”) was $0.42 on a GAAP basis and $0.79 on a non-GAAP basis
- Adjusted EBITDA was $257.7 million, 27.4 percent of revenue
- During the first quarter, Trimble repurchased approximately 4.7 million shares for $316.9 million
Executive Quote
“We began the year with strong momentum, delivering record annualized recurring revenue of $2.435 billion in the first quarter, and surpassing expectations on both top and bottom lines,” said Rob Painter, president and CEO of Trimble. “Our Connect & Scale strategy connects people, data, workflow and ecosystems. In an AI-forward world, Trimble is the intelligence and execution layer that reconciles the digital model with physical reality.”
Forward-Looking Guidance
For the full-year 2026, Trimble expects to report revenue between $3,835 million and $3,915 million, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. GAAP guidance assumes a tax rate of 21.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 235 million shares outstanding.
For the second quarter of 2026, Trimble expects to report revenue between $938 million and $963 million, GAAP earnings per share of $0.38 to $0.42, and non-GAAP earnings per share of $0.78 to $0.82. GAAP guidance assumes a tax rate of 23.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 234 million shares outstanding.
A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.
Investor Conference Call / Webcast Details
Trimble will hold a conference call on May 6, 2026 at 8:00 a.m. ET to review its first quarter of 2026 results. An accompanying slide presentation will be made available on the “Investors” section of the Trimble website, https://investor.trimble.com, under the subheading “Events & Presentations.” The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/544327873?pwd=s5ilhwSm. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.
About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it’s helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: https://www.trimble.com.
