Form 10-Q · Quarterly report
Trimble Inc. 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0000864749
- Accession no.
- 0000864749-26-000121
Summary
Trimble reported third-quarter 2026 revenue of $966.8 million, up 7% from a year earlier, with diluted earnings per share of $0.25 versus $0.46, and said a $562.0 million goodwill impairment tied to its T&L reporting unit drove a net loss of $1.34 per diluted share for the first three quarters. Trimble attributed the impairment to heightened macroeconomic uncertainty and reduced market multiples for software businesses, and said its revenue growth came mainly from subscription offerings in its AECO and Field Systems segments.
Key points
- Third-quarter revenue was $966.8 million, up 7% year over year, split between $324.3 million of product revenue and $642.5 million of subscription and services revenue.
- Third-quarter operating income fell 6% to $142.0 million, which Trimble attributed to higher sales and marketing costs and higher restructuring expenses tied to cost-savings initiatives.
- Annualized recurring revenue was $2,564.3 million, up 11% from $2,310.3 million a year earlier.
- The first-three-quarters net loss stemmed from a $562.0 million goodwill impairment related to the T&L reporting unit, and the third-quarter effective tax rate rose to 51.3% from 10.9% on a one-time tax reserve charge.
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: Third Quarter of First Three Quarters of 2026 2025 Dollar Change % Change 2026 2025 Dollar Change % Change (In millions, except per share amounts) Revenue: Product $ 324.3 $ 302.5 $ 21.8 7% $ 966.9 $ 866.9 $ 100.0 12% Subscription and services 642.5 598.7 43.8 7% 1,911.8 1,750.6 161.2 9% Total revenue $ 966.8 $ 901.2 $ 65.6 7% $ 2,878.7 $ 2,617.5 $ 261.2 10% Gross…
An excerpt of the text as filed with the SEC, cut for length.
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