Posted on November 10, 2025
- Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy
- Record third quarter gross margin
- Third quarter results exceeded expectations
- Raising full year 2025 guidance
WESTMINSTER, Colo. — Trimble Inc. (Nasdaq: TRMB) today announced financial results for the third quarter of 2025.
Third Quarter 2025 Financial Highlights
- Revenue of $901.2 million, up 3 percent on a year-over-year basis, up 10 percent on an organic basis
- Annualized recurring revenue (“ARR”) was $2.31 billion, up 6 percent year-over-year, up 14% on an organic basis
- GAAP operating income was $150.5 million, 16.7 percent of revenue, and non-GAAP operating income was $254.2 million, 28.2 percent of revenue
- GAAP net income was $111.5 million and non-GAAP net income was $194.7 million
- Diluted earnings per share (“EPS”) was $0.46 on a GAAP basis and $0.81 on a non-GAAP basis
- Adjusted EBITDA was $269.4 million, 29.9 percent of revenue
- Share repurchase of $50.0 million in the third quarter and $727.4 million year-to-date
Executive Quote
“Trimble’s operational and financial momentum continued in the third quarter, delivering a record level of annualized recurring revenue of $2.31 billion, with results surpassing both top and bottom line expectations,” said Rob Painter, president and CEO of Trimble. “We are raising our full year 2025 guidance, reflecting solid execution against our Connect & Scale strategy, which continues to deliver competitive differentiation and compelling growth.”
Forward-Looking Guidance
For the full-year 2025, Trimble expects to report revenue between $3,545 million and $3,585 million, GAAP earnings per share of $1.69 to $1.77, and non-GAAP earnings per share of $3.04 to $3.12. GAAP guidance assumes a tax rate of 17.8 percent and non-GAAP guidance assumes a tax rate of 17.4 percent. Both GAAP and non-GAAP earnings per share assume approximately 242 million shares outstanding.
For the fourth quarter of 2025, Trimble expects to report revenue between $927 million and $967 million, GAAP earnings per share of $0.59 to $0.67, and non-GAAP earnings per share of $0.91 to $0.99. GAAP guidance assumes a tax rate of 18.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 240 million shares outstanding.
Full-year 2025 guidance reflects the closing of the Mobility divestiture, which closed on February 8, 2025. 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 November 5, 2025 at 8:00 a.m. ET to review its third quarter of 2025 results. An accompanying slide presentation will be made available on the “Investors” section of the Trimble website, https://www.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://registrations.events/direct/Q4I8411356972. 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.
For further information: Michael Leyba, Investor Relations, 415-309-3127, michael_leyba@trimble.com; Eric Harris, Director of Strategic Communications, 303-588-6167, eric_harris@trimble.com
