TRMB
Trimble Inc.80.50
+0.33+0.41%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A colors ARR math, AI acceleration
Q&A reinforced prepared remarks on AECO and Field Systems strength, adding color on Field's 20% ARR surge from machine control services, Catalyst subscriptions, and conversions—explaining 2026's low-teens slowdown as lapping math, not weakness. Management broke down ARR algorithm: mid-single-digit churn, 70% ACV from upsell/cross-sell (upsell dominant), modest pricing. Agentic AI accelerates across AECO/T&L in 2026, monetized via consumption credits and tiers atop $100M+ existing AI revenue; internal AI boosts engineer productivity double-digits. No walk-backs, but cautious on freight/macro. Confident tone prevails. Field conversions converge ARR/revenue.
Key Stats
Market Cap
19.16BP/E (TTM)
55.14Basic EPS (TTM)
1.46Dividend Yield
0%Recent Filings
10-K
FY2025 results
Trimble closed FY2025 ended January 2, 2026 with $3.6B revenue, down 3% y/y amid Ag and Mobility divestitures, yet organic growth hit 6% driven by 9% subscription/services expansion to 79% mix. AECO surged 10% organically on construction software demand, Field Systems held flat with civil construction offsetting surveying weakness, while T&L dropped 30% post-Mobility sale but grew 2% organically. Gross margins climbed to 69.1% on recurring mix and lower amortization; non-GAAP operating income rose 5% to 27.5% of revenue. Q4 accelerated with next-gen TMS and AI agents in T&L, alongside $1.9M share repurchases under new $1B program, $1.4B debt steady, and $1.25B revolver available. Ongoing supply chain disruptions from tariffs and AI demand threaten quarterly momentum.
8-K
Q4 beat, record ARR
Trimble beat Q4 expectations with $969.8M revenue (down 1% YoY, up 4% organic) and record $2.39B ARR (up 6% YoY, 14% organic), driving non-GAAP operating margins to 32.3%. Full-year revenue fell 3% to $3,587.3M yet organic growth hit 6%, with repurchases totaling $875.4M. Guides 2026 revenue to $3.81B-$3.91B. Recurring revenue surges.
8-K
New $1.25B revolver, $1B buyback
Trimble inked a $1.25B revolving credit pact maturing December 4, 2030, with Bank of America agenting and no draws outstanding; it supplants the prior facility terminated clean. Board greenlit $1B share repurchases sans expiry, axing the old $1B nod with $273M left. Liquidity fortified. New firepower.
10-Q
Q3 FY2025 results
Trimble's Q3 revenue climbed 3% y/y to $901.2M, driven by 5% subscription/services growth while product dipped 2%; gross margin expanded to 68.9% from 65.7% on higher-margin mix and lower amortization. Operating income jumped 29% y/y to $150.5M (16.7% margin), fueled by AECO (up 17% y/y) and Field Systems (up 9% y/y), yet T&L fell 31% post-Mobility divestiture closed Feb 2025 for $253.9M equity (32.5% stake). Diluted EPS rose to $0.46 from $0.16, reconciling to 240.4M shares. Cash fell to $232.7M after $727.4M buybacks, but $1.25B revolver sits undrawn with covenants met; debt steady at $1.4B (4.90%/6.10% notes due 2028/2033). Segments thrive post-divestitures. Tariffs threaten supply chains.
8-K
Q3 beat, guidance raised
Trimble crushed Q3 2025 expectations with $901.2M revenue, up 3% YoY and 10% organically, driven by record $2.31B ARR, up 6% YoY and 14% organically. Gross margins hit a record 68.9%, non-GAAP operating income reached 28.2%. Momentum builds. Company raised full-year guidance to $3.545-3.585B revenue amid Connect & Scale execution.
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