Quarterly ResultMay 6, 2026, 07:12 AM
Trimble Q1 Revenue $939.9M, Non-GAAP EPS $0.79; Raises FY26 Guidance
AI Summary
Trimble Inc. announced strong first quarter 2026 financial results, surpassing expectations with record annualized recurring revenue of $2.43 billion and record gross and operating income margins. The company reported Q1 revenue of $939.9 million and non-GAAP diluted EPS of $0.79. Additionally, Trimble repurchased approximately $317 million in shares and raised its full-year 2026 guidance for both revenue and non-GAAP EPS.
Key Highlights
- Q1 Revenue: $939.9 million, up 12% year-over-year organically.
- Annualized Recurring Revenue (ARR): $2.43 billion, up 12% year-over-year organically.
- Non-GAAP Diluted EPS: $0.79, compared to $0.61 in Q1 2025.
- Share repurchases: $316.9 million for approximately 4.7 million shares.
- Full-year 2026 revenue guidance raised to $3,835 million - $3,915 million.
- Full-year 2026 non-GAAP EPS guidance raised to $3.47 - $3.64.
- AECO segment revenue: $391.1 million, up from $335.4 million in Q1 2025.
- Field Systems segment revenue: $409.2 million, up from $359.2 million in Q1 2025.