Trimble Inc. Boasts Record Revenue Growth

By Philip Seaworth • Wednesday, May 06 11:05 • Permanent Link

Trimble reported first-quarter 2026 revenue of $939.9 million, up 12% from a year earlier, and said annualized recurring revenue reached a record $2.43 billion, also up 12%.

Operating income rose to $144.0 million from the prior year, with operating margin at 15.3% of revenue. On a non-GAAP basis, operating income was $243.2 million, or 25.9% of revenue.

Net income increased to $98.9 million, while diluted earnings per share came in at $0.42. Non-GAAP net income was $186.9 million and non-GAAP diluted EPS was $0.79.

Adjusted EBITDA was $257.7 million, equal to 27.4% of revenue.

Trimble repurchased about 4.7 million shares during the quarter for $316.9 million.

For full-year 2026, Trimble raised its revenue outlook to $3.835 billion to $3.915 billion and now expects GAAP EPS of $2.05 to $2.21 and non-GAAP EPS of $3.47 to $3.64. For the second quarter, the company guided to revenue of $938 million to $963 million, GAAP EPS of $0.38 to $0.42, and non-GAAP EPS of $0.78 to $0.82. Following these announcements, the company's shares moved -2.85%, and are now trading at a price of $66.425. If you want to know more, read the company's complete 8-K report here.

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