Trimble Reports Q3 2026 Financial Results and Updates Full-Year Guidance

Executive Summary

On November 4, 2026, Trimble Inc. filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) reporting its financial results for the third quarter ended October 2, 2026, and updating its full-year 2026 guidance.

Key Financial Highlights

• Revenue: Total revenue reached $966.8 million, up 7% year-over-year both on a reported and organic basis (vs. $901.2 million in Q3 2025).
  • Product revenue: $324.3 million (vs. $302.5 million in Q3 2025).
  • Subscription and services revenue: $642.5 million (vs. $598.7 million in Q3 2025).
• Annualized Recurring Revenue (ARR): Reached a record $2.56 billion, reflecting an 11% increase year-over-year (10% organic growth).
• Profitability & Margins:
  • GAAP gross margin was 68.2% ($659.1 million).
  • GAAP operating income was $142.0 million (14.7% of revenue); Non-GAAP operating income was $262.6 million (27.2% of revenue).
  • Adjusted EBITDA stood at $278.5 million (28.8% of revenue).
• Net Income & EPS:
  • GAAP net income was $59.1 million ($0.25 per diluted share).
  • Non-GAAP net income was $200.5 million ($0.86 per diluted share).
• Capital Allocation: Repurchased approximately 4.0 million common shares during the quarter for $231.7 million.

Forward-Looking Guidance

• Full Year 2026:
  • Revenue: $3,910 million to $3,940 million.
  • GAAP loss per share: $(0.55) to $(0.49).
  • Non-GAAP EPS: $3.63 to $3.69.
• Fourth Quarter 2026:
  • Revenue: $1,031 million to $1,061 million.
  • GAAP EPS: $0.83 to $0.89.
  • Non-GAAP EPS: $1.13 to $1.19.