10-Q · May 6, 2026
Trimble Inc. exceeded expectations in Q1 2026, reporting revenue of $939.9 million and non-GAAP EPS of $0.79, outpacing estimates of $905.2 million and $0.69 respectively. Revenue growth was driven by strong demand in…
Earnings analysis · 10-Q
TRMB earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
Trimble delivered a solid Q2 2026, with $972 million of revenue and $0.86 of diluted EPS beating consensus by 2.1% and 11.7%, respectively; revenue also increased 11.0% year over year. The filing excerpt does not…
Read full summary
Trimble delivered a solid Q2 2026, with $972 million of revenue and $0.86 of diluted EPS beating consensus by 2.1% and 11.7%, respectively; revenue also increased 11.0% year over year. The filing excerpt does not provide current gross margin, operating margin, free cash flow, balance-sheet, or segment detail, limiting assessment of earnings quality and cash conversion. A $1.0 billion repurchase authorization is supportive, but unresolved material weaknesses and FX-driven benefits temper the outlook.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.86
What stood out
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Revenue beat and accelerated
Revenue was $972 million, up from $940 million in Q1 2026 and $876 million in Q2 2025, representing sequential growth of approximately 3.4% and year-over-year growth of approximately 11.0%. Revenue exceeded the $951.851344 million consensus estimate by approximately 2.1%.
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EPS materially above expectations
Diluted EPS was $0.86 versus $0.42 in Q1 2026 and $0.37 in Q2 2025, increases of approximately 104.8% sequentially and 132.4% year over year. EPS exceeded the $0.77 consensus estimate by approximately 11.7%.
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FX provided a meaningful tailwind
Foreign-exchange movements favorably affected Q2 2026 revenue by $9.4 million and operating income by $4.7 million, providing a measurable tailwind to reported results.
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New $1.0 billion buyback authorization
The Board approved a new stock-repurchase authorization of up to $1.0 billion on August 10, 2026, replacing the December 2025 Program; no repurchases occurred during Q2 2026.
What to watch
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Material weaknesses remain unresolved
Management concluded that disclosure controls and procedures were not effective at the end of the quarter because of material weaknesses previously reported in the 2025 Form 10-K. Remediation remains in progress across IT general controls, revenue and income-tax controls, personnel capabilities, and risk assessment.
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Reported results remain FX-sensitive
Foreign-currency exposure can cause operating income to differ from expectations; in Q2 2026, reported revenue and operating income benefited by $9.4 million and $4.7 million, respectively, from currency movements, creating potential reversal risk.
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Buyback authorization is discretionary
The new $1.0 billion repurchase program is discretionary and may be suspended, modified, or discontinued without prior notice. The program replaced the December 2025 Program, and the company repurchased $0 during Q2 2026.
Management's outlook
The provided 10-Q text does not include quantitative revenue or EPS guidance; outlook appears to be deferred to the earnings press release or call.
Earlier filings 4
10-K · February 25, 2026
Trimble Inc. reported a mixed performance for the fiscal year ending January 2, 2026, with total revenue of $3,587.3 million, down 3% year-over-year. However, operating income increased by 29% to $592.0 million,…
10-Q · November 5, 2025
Trimble Inc. reported Q3 2025 results showing a 3% increase in revenue to $901.2 million, primarily driven by strong growth in subscription services, and significantly exceeded EPS expectations at $0.81 compared to…
10-Q · August 6, 2025
Trimble Inc. reported a mixed Q2 performance, with revenue slightly increasing by 1% year-over-year to $875.7 million, primarily driven by strong subscription and services growth. However, diluted EPS significantly…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.