Trimble (NASDAQ:TRMB) Issues Earnings Results

Trimble (NASDAQ:TRMB) announced its earnings results on Wednesday. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86, Briefing.com reports. Trimble had a negative net margin of 4.08% and a positive return on equity of 12.73%. The business had revenue of $966.80 million during the quarter, compared to analysts’ expectations of $966.41 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s 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 TRMB stock traded up $0.54 on Friday, hitting $54.18. 369,964 shares of the stock traded hands, compared to its average volume of 2,517,187. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of -77.26, a PEG ratio of 1.75 and a beta of 1.32. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The firm has a 50 day simple moving average of $59.82 and a two-hundred day simple moving average of $60.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.82.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 2,476 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $65.00, for a total value of $160,940.00. Following the completion of the transaction, the director owned 14,950 shares of the company’s stock, valued at approximately $971,750. This represents a 14.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the subject of a number of recent research reports. Weiss Ratings raised shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Loop Capital assumed coverage on Trimble in a report on Monday, October 26th. They issued a “buy” rating and a $76.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and set a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Oppenheimer lowered their target price on Trimble from $80.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company cut their price target on Trimble from $61.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trimble has an average rating of “Moderate Buy” and an average target price of $78.44.

Trimble News Roundup

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Third-quarter revenue rose 7.3% to about $967 million, and adjusted EPS of $0.86 matched estimates. Annualized recurring revenue reached a record $2.56 billion, with recurring revenue up 11%. TRMB Q3 Earnings Meet Estimates as AECO Growth Lifts Revenues
• Neutral Sentiment: JPMorgan, Wells Fargo, Baird and Loop Capital lowered their price targets, but the cited firms maintained “overweight” ratings. The revisions temper analyst optimism without indicating a change to their overall rating stance. Loop Capital Adjusts Price Target on Trimble
• Negative Sentiment: Investors are focused on Trimble’s reduced growth outlook: slower recurring-revenue growth and a weak European freight market are weighing on expectations. A separate report said GAAP profit nearly halved, adding to concerns despite the increase in revenue and record recurring revenue. Trimble cuts growth outlook as European freight market slows Trimble’s recurring revenue climbs 11% but GAAP profit nearly halves

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.