Trimble Inc.NASDAQ: TRMB

Third Quarter 2026 Results Summary

· Issued by Trimble Inc.

Summary by 6ix AI

Trimble Inc. reported third-quarter 2026 revenue of $967M, up 7% organically (excluding currency, acquisitions and divestitures) from $901M, and adjusted (non-GAAP) earnings per share of $0.86, up 6%. It lowered its 2026 organic annual recurring revenue (ARR) growth outlook to approximately 10% from 12-14%, citing lower than expected growth in Field Systems and Transportation & Logistics.

Key details

  • Third-quarter 2026 ARR was $2,564M, up 10% on an organic basis from $2,310M a year earlier.
  • Adjusted EBITDA margin (earnings before interest, taxes, depreciation and amortization, as a share of revenue) was 28.8% for the third quarter of 2026, down from 29.9% a year earlier.
  • Full-year 2026 outlook: revenue of $3.91B to $3.94B and non-GAAP EPS of $3.63 to $3.69; Trimble says it continues to expect mid-to-high teens EPS growth. Fourth-quarter 2026 outlook: revenue of $1.031B to $1.061B and non-GAAP EPS of $1.13 to $1.19.
  • Trimble bought back $224M of shares in the third quarter of 2026, with $768M remaining on its authorization.
  • Year-to-date 2026 free cash flow (operating cash flow minus capital expenditures) was $644M, compared with $206M in the same period of 2025, when cash flow was affected by a $277M tax payment related to the Agriculture divestiture.

What’s still pending

  • The full-year and fourth-quarter 2026 figures are company guidance, not results.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/trimble-third-quarter-2026-results-summary

Watch Trimble explain itTrimble (NASDAQ:TRMB) Q3 2026 Earnings Call · Replay · Nov 4, 2026

Trimble Inc.

Third Quarter 2026 Earnings Summary

© 2026 Trimble, Inc - All Rights Reserved

Today's Agenda

  1. Q3'26 Highlights

  2. Q3'26 Financial Results

  3. FY'26 + Q4'26 Financial Outlook

Rob Painter

3

President and Chief Executive Officer

Phil Sawarynski

Chief Financial Officer

Q3'26 Highlights

© 2026 Trimble, Inc - All Rights Reserved

Key Messages Q3'26

Financial Performance:

Delivering short-term and long

-term value creation

  • Executing on financial and operational priorities

  • Building for sustainable long-term growth

  • Revenue and EPS in-line and above midpoint of guidance range for Q3; full year EBITDA margin target achieved one year ahead of plan

    Right to Win:

    Executing a differentiated platform strategy - Connect & Scale

    • Ground truth forged in the field and connected to best in class capabilities in the office

    • Structural data advantage at the intersection of physical and digital

    • AI grounded in physical site reality

      AI:

      Investing and building momentum to compound outcomes and value

      • Deepening adoption, engagement and customer productivity

      • Building the foundation for monetization and TAM expansion

      • Delivering operational efficiency and simplification

5

Third Quarter of 2026

Revenue

$967M

+7% organic Y|Y

ARR

$2.564M

+10% organic Y|Y

Financial Highlights

Adjusted EBITDA %

28.8%

Non-GAAP EPS

$0.86

+6% Y|Y

1. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures.

6 See Appendix and http://investor.trimble.com for a reconciliation to the appropriate GAAP measure.

AI Compounds Value of Trimble's Platform Strategy

Connect, Scale, and AI

Right to win: Trimble is the trusted data layer for physical industries, and AI compounds its value

3 AI

AI grounded in physical reality makes Trimble connected data more actionable and valuable

  • Near term priority to increase customer adoption, engagement and productivity with existing and new Trimble AI capabilities

  • Mid-term focus to monetize faster as usage patterns emerge and mature

  • Deliver internal efficiencies and innovations

1Connect + 2 Scale +

Ground truth forged in the field and connected to best in class capabilities in the office

  • Construction: AECO participants linked across the project lifecycle from concept to completion

  • Transportation: Freight industry participants linked across the industry lifecycle from source to settle

  • Connecting data across high value workflows that solve higher order customer problems

    Structural data advantage at the intersection of physical and digital

  • Deep context & domain: PBs of reality capture field data, trillions of dollars in construction spend, billions in freight spend, millions of customers, hundreds of thousands of machines & instruments

  • Open and extensible ecosystems that compound value for network participants

  • Data governance and cyber resilience that deliver trust across a scaled and global installed customer base

7

CASE STUDY: MJ CHURCH · M27 JUNCTION 10, HAMPSHIRE UK

WHY IT WORKED

  • 45-60 file formats - IFC, DWG, point clouds - unified in one model

  • No more "which model is this one?" across Teams, email and USB sticks

  • Office-to-field changes propagated instantly, cutting setting-out errors

  • Every shift began with a virtual walkthrough of the day's work

11% Time Savings

on an extremely tight 9-day road closure - now being repeated on MJ Church's A47 Thickthorn project.

One Platform, End to End

Trimble Connect tied survey, design, machine control and mixed-reality tools into a single model MJ Church used to plan, rehearse and execute the work.

Business Center

Aerial Survey

Drone capture & mapping

Earthworks

3D corridor model & QA

Machine control & grading

Access + R980/R750

GNSS field survey & setout

Trimble Connect Platform

SiteVision

Mixed-reality walkthroughs

3D Connect model showing

+0.50m clay surcharge & 1-in-1 final profile protection

slopes prior to final trim

8 Source: https://journals.cices.org/ces/ces-april-2026/features/earthworks-delivering-early

DATA | SECURITY

Trimble Connect platform

Combining physical ground truth with trusted data to deliver operational confidence

The platform solution

Trimble Connect creates a shared platform for specialized capabilities so information, context and intelligence can move with the work with a consistent experience.

Amplified by AI

Trimble Assist provides a common, conversational AI interface to provide guided insights across specialized tools, turning shared context into action.

The result

Coordinated and actionable project intelligence that delivers better outcomes.

Reduce risk

Improve predictability

Greater confidence

9

Q3'26 Financial Results

© 2026 Trimble, Inc - All Rights Reserved

Q3'26 Summary

THIRD QUARTER(1)

($M)

Q3'26

Q3'25

YoY

Revenue

$967

$901

+7% organic

ARR

$2,564

$2,310

+10% organic

Non-GAAP Gross Margin

70.5%

71.2%

-70 bps

Non-GAAP Operating Income Margin

27.2%

28.2%

-100 bps

Adjusted EBITDA Margin

28.8%

29.9%

-110 bps

Non-GAAP Earnings Per Share

$0.86

$0.81

+6%

Revenue Mix

1. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures.

11 See Appendix and http://investor.trimble.com for a reconciliation to the appropriate GAAP measure.

Highlights / Drivers

  • Revenue and EPS in the upper half of guidance range

  • Strong recurring revenue growth in AECO offset by headwinds in Field Systems and T&L

  • Gross margin and operating margin down as expected, impacted by product mix and prior year comparison in Field Systems

Balance Sheet and Cash Flow

($M)

2026

2025

Operating Cash Flow

$665

$226

Capital Expenditures

$21

$20

Free Cash Flow(1)

$644

$206

Share Repurchases

$553

$727

($M)

Q3'26 Actual

Cash and Equivalents

$215

Total Debt

$1,534

Net Debt

$1,319

TTM As-Adjusted EBITDA

$1,139

Net Debt / TTM As-Adjusted EBITDA

1.2x

NWC % of Revenue

<0%

Year-To-Date Cash Flow

Balance Sheet

Cash flow progressing as expected

$224M buyback in Q3 with $768M remaining on authorization(2)

  1. Free cash flow refers to cash flow from operating activities minus capital expenditures. Cash flow in FY25 was impacted by a $277M tax payment related to Agriculture divestiture.

  2. Includes $8 million in transit shares settled in early Q4'26.

12 See Appendix and http://investor.trimble.com for a reconciliation to the appropriate GAAP measure.

Q3'26 Performance Summary

AECO

Field Systems

T&L

($M)

Q3'26

YoY

Q3'26

YoY

Q3'26

YoY

ARR

$1,636

+13%

Organic

$407

+5%

Organic

$521

+5%

Organic

Revenue

$395

+9%

Organic

$436

+7%

Organic

$136

+2%

Organic

Operating Income Margin

33.5%

+170 bps

29.5%

-390 bps

26.3%

+50 bps

Operating Income

$132

+16%

$129

-6%

$36

+3%

Segment Highlights And Drivers

ARR growth remains strong

Trimble Construction One bundles/cross-sell driving bookings growth and consistent net retention

Increasing operating margin guide to 36% in FY'26

Solid revenue growth in Civil Construction and Geospatial, led by data center build outs, utilities, and energy infrastructure

ARR growth continued to moderate; strong growth continues in core Civil and Geospatial offerings like WorksPlus

Operating margins down primarily due to product mix, trade show timing, and strong prior year comparison

5% organic ARR growth moderated; freight market remains challenging

AI enabled offerings grew 20%+

Operating margins continue to expand as expected

13

15 Note: Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix for a reconciliation to the appropriate GAAP measure.

FY'26 and Q4'26 Outlook

© 2026 Trimble, Inc - All Rights Reserved

Full Year 2026 Outlook

FY'26

Organic ARR Growth

≈10%

Revenue

$3.91 to $3.94B

Total Growth(1)

+10% to +11%

Organic Growth(1)

+9% to +10%

Non-GAAP Operating Margin

28.2% to 28.5%

Adj. EBITDA Margin

29.8% to 30.0%

Non-GAAP EPS

$3.63 to $3.69

Net Income

Free cash flow ≈0.9X Non-GAAP

See earnings supplement at http://investor.trimble.com and Appendix for detailed assumptions for guidance and reconciliation to the appropriate GAAP measure.

15 (1) As-adjusted figures exclude the financial results from the mobility business (divested in Q1'25).

FY'26 Outlook Notes

  • Updating guidance: continue to expect mid-to-high teens EPS growth

  • Organic ARR growth expected to be approximately 10% vs prior guidance of 12-14% driven by lower than expected growth in Field Systems and T&L

  • Free cash flow approximately 1X adjusted for non-recurring M&A/divestiture and restructuring expense

  • Net interest expense ≈$82M

  • Avg. shares of 234M

  • Tax rate of 17.2%

    Full Year 2026 Segment Details

    FY'26 Segment Details and Outlook(1)

    AECO FIELD SYSTEMS T&L

    Revenue

    ≈$1.69B (FY'25=$1.5B)

    ≈$1.68B (FY'25=$1.54B)

    ≈$555M (FY'25=$527M)

    (1)

    Organic revenue growth Y/Y % +Low-teens % +HSD % +MSD % Organic ARR growth Y/Y % ≈13% +LSD % +MSD % Operating income margin % ≈36% ≈30% ≈25%

    Note: Figures shown represent the midpoint of the guidance ranges.

    (1) As-adjusted figures exclude the financial results from the mobility business (divested in Q1'25). See Appendix for reconciliation to as-adjusted figures.

    16

    Q4'26 Outlook

    Revenue

    $1.031B to $1.061B

    Organic Growth

    +6% to +10%

    Adj. EBITDA Margin

    34.1% to 34.7%

    Non-GAAP EPS $1.13 to $1.19

    Non-GAAP Operating Margin 32.8% to 33.4%

    Total Growth +6% to +9%

    Organic ARR Growth ≈10%

    Q4'26

    Q4'26 Outlook Notes

    • Net interest expense ≈$21M

    • Avg. share count of 231M

    • Tax rate of 17.1%

See earnings supplement at http://investor.trimble.com and Appendix for detailed assumptions for guidance and reconciliation to the appropriate GAAP measure.

17

Appendix

& Reconciliations

© 2026 Trimble, Inc - All Rights Reserved

Historical segment financials (as-reported)

Revenue ($MMs)

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

AECO

$339

$300

$306

$414

$1,359

$335

$350

$358

$454

$1,499

$391

$389

$395

Field Systems

419

379

375

363

1,536

359

393

409

379

1,539

409

442

436

Transportation & Logistics

195

192

195

207

789

146

133

134

136

549

140

141

136

TOTAL

$953

$871

$876

$983

$3,683

$841

$876

$901

$970

$3,587

$940

$972

$967

Operating Income ($MMs)

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

AECO

$127

$79

$89

$169

$464

$92

$106

$114

$200

$512

$123

$119

$132

Field Systems

98

110

124

110

442

107

121

137

114

478

118

146

129

Transportation & Logistics

36

36

41

42

155

26

29

35

31

121

34

34

36

Unallocated Corporate

(27)

(30)

(29)

(37)

(123)

(26)

(33)

(31)

(32)

(123)

(32)

(38)

(34)

TOTAL

$234

$194

$225

$284

$937

$198

$223

$254

$313

$988

$243

$261

$263

Operating Income Margin %

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

AECO

37.4%

26.4%

29.1%

40.8%

34.1%

27.3%

30.4%

31.8%

44.1%

34.2%

31.5%

30.6%

33.5%

Field Systems

23.4%

28.9%

33.0%

30.4%

28.8%

29.7%

30.8%

33.4%

30.0%

31.1%

28.8%

32.9%

29.5%

Transportation & Logistics

18.6%

18.7%

21.0%

20.3%

19.7%

17.9%

21.6%

25.8%

22.9%

21.9%

24.2%

24.0%

26.3%

TOTAL

24.6%

22.3%

25.7%

28.8%

25.4%

23.6%

25.4%

28.2%

32.3%

27.5%

25.9%

26.8%

27.2%

19

Historical revenue growth metrics (as-reported)

AECO

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

Organic

18%

14%

13%

43%

22%

0%

16%

17%

8%

10%

14%

9%

9%

Acquisitions

0%

0%

1%

0%

0%

0%

0%

0%

0%

0%

0%

1%

1%

Divestitures

-1%

-1%

-1%

-1%

-1%

0%

0%

0%

0%

0%

0%

0%

0%

Foreign Currency

+1%

0%

1%

1%

1%

-1%

1%

0%

2%

0%

3%

1%

0%

TOTAL

18%

13%

14%

43%

22%

-1%

17%

17%

10%

10%

17%

11%

10%

Field Systems

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

Organic

-12%

-6%

-2%

3%

-4%

5%

3%

8%

3%

5%

12%

12%

7%

Acquisitions

0%

2%

2%

2%

1%

2%

0%

0%

0%

1%

0%

0%

0%

Divestitures

-1%

-26%

-24%

-25%

-19%

-21%

0%

0%

0%

-6%

0%

0%

0%

Foreign Currency

0%

0%

0%

0%

0%

0%

1%

1%

1%

0%

2%

1%

0%

TOTAL

-13%

-30%

-24%

-20%

-22%

-14%

4%

9%

4%

0%

14%

13%

7%

Transportation & Logistics

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

Organic

4%

3%

3%

9%

5%

1%

5%

3%

-1%

2%

6%

5%

2%

Acquisitions

29%

0%

0%

0%

6%

2%

2%

2%

2%

2%

0%

0%

0%

Divestitures

-1%

-1%

-1%

0%

-1%

-26%

-39%

-37%

-37%

-35%

-15%

0%

0%

Foreign Currency

0%

0%

0%

-1%

0%

-2%

1%

1%

2%

1%

5%

1%

-1%

TOTAL

32%

2%

2%

8%

10%

-25%

-31%

-31%

-34%

-30%

-4%

6%

1%

Total Trimble

Q1-24

Q2-24

Q3-24

Q4-24

FY-24

Q1-25

Q2-25

Q3-25

Q4-25

FY-25

Q1-26

Q2-26

Q3-26

Organic

0%

1%

3%

17%

5%

2%

8%

10%

4%

6%

12%

10%

7%

Acquisitions

5%

1%

1%

1%

2%

1%

1%

0%

0%

1%

0%

0%

0%

Divestitures

-1%

-14%

-13%

-13%

-10%

-14%

-9%

-8%

-7%

-10%

-3%

0%

0%

Foreign Currency

0%

0%

0%

0%

0%

-1%

1%

1%

2%

1%

3%

1%

0%

TOTAL

4%

-12%

-9%

5%

-3%

-12%

1%

3%

-1%

-3%

12%

11%

7%

Note: Rounding may cause totals to differ from the sum of the components.

20

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