Form 10-Q · Quarterly report
Trimble Inc. 10-Q, filed Aug 12, 2026
- Filed
- CIK
- 0000864749
- Accession no.
- 0000864749-26-000108
Summary
Trimble reported second-quarter 2026 revenue of $972.0 million, up 11% from a year earlier, and a GAAP diluted loss per share of $2.02 after recording a $562 million goodwill impairment in its T&L reporting unit tied to macroeconomic uncertainty and lower market multiples for software businesses. Non-GAAP diluted earnings per share were $0.86 and annualized recurring revenue rose 14% to $2.51 billion.
Key points
- Total revenue rose 11% to $972.0 million in the second quarter of 2026, with subscription and services revenue up 10% to $640.6 million and product revenue up 13% to $331.4 million.
- The $562.0 million goodwill impairment in the T&L reporting unit pushed consolidated non-operating expense to $576.8 million and produced a quarterly GAAP diluted loss of $2.02 per share.
- Non-GAAP operating income was $260.6 million, or 26.8% of revenue, and non-GAAP diluted earnings per share were $0.86.
- Segment revenue was $388.5 million in AECO (+11%), $442.5 million in Field Systems (+13%), and $141.0 million in T&L (+6%), with T&L organic growth driven by Transporeon subscription revenue.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION RESULTS OF OPERATIONS Overview The following table shows revenue by category, gross margin and gross margin as a percentage of revenue, operating income and operating income as a percentage of revenue, diluted earnings per share, and annualized recurring revenue compared for the periods indicated: Second Quarter of First Two Quarters of 2026 2025 Dollar Change % Change 2026 2025 Dollar Change % Change (In millions, except per share amounts) Revenue: Product $ 331.4 $ 292.8 $ 38.6 13% $ 642.6 $ 564.4 $ 78.2 14% Subscription and services 640.6 582.9 57.7 10% 1,269.3 1,151.9 117.4 10% Total revenue $ 972.0 $ 875.7 $ 96.3 11% $ 1,911.9 $ 1,716.3 $ 195.6 11% Gross…
An excerpt of the text as filed with the SEC, cut for length.
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