10-Q · August 12, 2026
Trimble delivered a solid Q2 2026, with $972 million of revenue and $0.86 of diluted EPS beating consensus by 2.1% and 11.7%, respectively; revenue also increased 11.0% year over year. The filing excerpt does not…
Earnings analysis · 10-Q
TRMB earnings analysis
Filed November 4, 2026 · Our reading of the company's report
The latest report
Trimble reported $966.8 million of Q3 revenue, up approximately 7.3% year over year but down approximately 0.5% sequentially, while adjusted diluted EPS of $0.86 exceeded consensus of $0.84. GAAP diluted EPS was $0.25,…
Read full summary
Trimble reported $966.8 million of Q3 revenue, up approximately 7.3% year over year but down approximately 0.5% sequentially, while adjusted diluted EPS of $0.86 exceeded consensus of $0.84. GAAP diluted EPS was $0.25, affected by a $562.0 million year-to-date goodwill impairment. The quarter also included favorable FX effects and continued control-remediation activity, but disclosure controls remained ineffective because of previously reported material weaknesses. The filing does not provide segment, margin, balance-sheet or cash-flow detail in the supplied extract, and it does not establish a change in FY2026 guidance direction.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.25
What stood out
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Revenue grew 7.3% year over year
Revenue was $966.8 million, up from $901 million in Q3 2025, an increase of $65.8 million or approximately 7.3%, but down from $972 million in Q2 2026 by $5.2 million or approximately 0.5%.
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Adjusted EPS beat consensus
GAAP diluted EPS was $0.25 versus $(2.02) in Q2 2026; adjusted diluted EPS was $0.86, exceeding the $0.84 consensus estimate by $0.02.
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Foreign exchange provided a tailwind
Third-quarter foreign-exchange movements favorably affected revenue by $0.6 million and operating income by $4.5 million; year-to-date effects were $33.6 million and $9.0 million, respectively.
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New $1 billion repurchase authorization
The company authorized up to $1.0 billion of common-stock repurchases under the August 2026 program and repurchased 3,964,137 shares during the quarter.
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Control remediation resources expanded
Management continued its remediation program, including additional controls over income taxes, IT general controls and revenue-related accounts, and added a Corporate Controller and Chief Legal Officer in August 2026.
What to watch
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Large goodwill impairment clouds earnings
The company recorded a $562.0 million year-to-date goodwill impairment, contributing to the gap between $0.25 of GAAP diluted EPS and $0.86 of adjusted diluted EPS.
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Material control weaknesses remain
Disclosure controls and procedures were not effective at the end of the period because of material weaknesses previously reported in the 2025 Form 10-K. Remediation remains incomplete, with operation and testing of many new controls still underway.
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FX tailwinds may reverse
The 10-Q states there were no material changes to risk-factor disclosures since the 2025 Form 10-K, but foreign-currency exposure remains material: Q3 revenue and operating income benefited by $0.6 million and $4.5 million, respectively, creating potential reversal risk.
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Meaningful capital deployed on buybacks
The company repurchased 3,964,137 shares for approximately $231.3 million based on the reported quarterly purchase prices, while the remaining authorization was $768.3 million at quarter-end, increasing capital-allocation exposure during a period with a $562.0 million impairment.
Management's outlook
The filing does not establish whether the updated FY2026 outlook was raised or lowered versus the prior outlook. The previously disclosed FY2026 outlook was revenue of $3.91 billion-$3.94 billion and non-GAAP EPS of $3.63-$3.69; GAAP loss per share was $(0.55)-$(0.49).
Earlier filings 4
10-Q · May 6, 2026
Trimble Inc. exceeded expectations in Q1 2026, reporting revenue of $939.9 million and non-GAAP EPS of $0.79, outpacing estimates of $905.2 million and $0.69 respectively. Revenue growth was driven by strong demand in…
10-K · February 25, 2026
Trimble Inc. reported a mixed performance for the fiscal year ending January 2, 2026, with total revenue of $3,587.3 million, down 3% year-over-year. However, operating income increased by 29% to $592.0 million,…
10-Q · November 5, 2025
Trimble Inc. reported Q3 2025 results showing a 3% increase in revenue to $901.2 million, primarily driven by strong growth in subscription services, and significantly exceeded EPS expectations at $0.81 compared to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.