Trimble (NASDAQ:TRMB) Announces Earnings Results

Trimble (NASDAQ:TRMB) issued its earnings results on Wednesday. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86, Briefing.com reports. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The business had revenue of $966.80 million during the quarter, compared to the consensus estimate of $966.41 million. During the same period last year, the company earned $0.81 EPS. The company’s revenue for the quarter 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 Stock Performance

Shares of NASDAQ TRMB traded down $11.24 during trading hours on Wednesday, reaching $54.37. The stock had a trading volume of 5,552,277 shares, compared to its average volume of 2,509,246. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of -110.96, a PEG ratio of 2.13 and a beta of 1.32. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The firm has a 50-day moving average of $60.04 and a 200-day moving average of $60.80. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Key Headlines Impacting 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 Buying and Selling at Trimble

In other Trimble news, Director Kaigham Gabriel sold 2,476 shares of the 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 of the company’s stock, valued at approximately $971,750. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing 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. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Sanford C. Bernstein reduced their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Weiss Ratings raised shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.56.

About Trimble

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.