Trimble (NASDAQ:TRMB) Posts Quarterly Earnings Results, Hits Estimates

Key Points

• Trimble reported quarterly EPS of $0.86, matching estimates, while revenue of $966.8 million slightly beat forecasts and rose 7.3% year over year.
• The company lowered its 2026 ARR growth outlook to about 10%, from 12%–14%, citing softer demand in South American agriculture and European freight. It maintained its revenue outlook and raised the midpoint of its EPS outlook to $3.66.
• AECO remained a bright spot, with ARR up 13% and quarterly revenue up 9%; shares fell $11.24 to $54.37 after the results and outlook update.

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

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 Price Performance

Shares of NASDAQ TRMB traded down $11.24 during midday trading on Wednesday, hitting $54.37. The stock had a trading volume of 5,552,277 shares, compared to its average volume of 2,509,246. The company has a market capitalization of $12.68 billion, a PE ratio of -110.96, a P/E/G ratio of 2.13 and a beta of 1.32. The stock has a 50 day simple moving average of $60.04 and a 200-day simple moving average of $60.80. Trimble has a 1 year low of $47.92 and a 1 year high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trending Headlines about Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Annualized recurring revenue reached a record $2.564 billion, supporting the company’s subscription-focused strategy. Article: Trimble: The Company That Sold the Tractor Business to Buy the Whole Job Site
• Neutral Sentiment: Q3 revenue was $966.8 million, up 7.3% year over year and slightly above estimates; adjusted EPS of $0.86 matched consensus, though it ended the company’s streak of earnings beats. Article: Trimble posts Q3 2026 sales in line with estimates but stock drops
• Negative Sentiment: Trimble cut its growth outlook, citing a slowdown in the European freight market. The weaker outlook appears to have outweighed the quarter’s modest revenue growth and strong recurring-revenue figure, prompting the stock’s decline. Article: Trimble cuts growth outlook as European freight market slows

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 2,476 shares of the business'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 sale, the director directly owned 14,950 shares in the company, valued at approximately $971,750. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on TRMB shares. Loop Capital started coverage on shares of Trimble in a research report on Monday, October 26th. They set a "buy" rating and a $76.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Barclays increased their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Oppenheimer reissued an "outperform" rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Finally, Piper Sandler restated an "overweight" rating and set a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.56.

Trimble Company Profile

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.

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