Trimble (NASDAQ:TRMB – Get Free Report) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86, Briefing.com reports. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm had revenue of $966.80 million during the quarter, compared to analyst estimates of $966.41 million. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis.
Here are the key takeaways from Trimble’s conference call:
- Third-quarter revenue was $967 million, up 7%, and EPS was $0.86, both in line with or above the midpoint of guidance. Trimble maintained its 2026 revenue outlook and raised its EPS midpoint to $3.66, while expecting roughly 30% EBITDA margins.
- Trimble lowered its 2026 ARR growth outlook to approximately 10%, from 12%–14%, citing weaker positioning-services demand in South American agriculture, lower-than-expected renewals on bundled services, and softer European freight conditions. The company said the headwinds were concentrated in field systems and transportation, while AECO remained strong.
- AECO continued to perform well, with ARR up 13% and quarterly revenue up 9%; Trimble raised its full-year AECO operating-margin target by 100 basis points to 36%. Management also cited healthy pipeline and backlog as support for continued growth.
- Management highlighted growing use of its connected platform and AI tools, including more than 30 billion Trimble Connect API calls in the quarter and rising adoption of several AI features. It said AI monetization is still developing and is not expected to be an aggregate needle-mover in the first half of 2027.
- For 2027, Trimble expects a roughly $90 million revenue and operating-income headwind from a term-license timing change, with ARR and free cash flow unaffected. Excluding that impact, the company expects EPS growth at the high end of its low-to-mid-teens long-term range, supported in part by operational efficiencies.
Trimble Stock Performance
Trimble stock traded down $11.36 during midday trading on Wednesday, reaching $54.25. 6,877,163 shares of the company traded hands, compared to its average volume of 2,518,093. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of -110.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The business has a 50 day moving average of $60.04 and a two-hundred day moving average of $60.80. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.
Insider Buying and Selling
In other Trimble news, Director Kaigham Gabriel sold 2,476 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $65.00, for a total transaction of $160,940.00. Following the completion of the sale, the director directly owned 14,950 shares in the company, valued at approximately $971,750. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on TRMB shares. Loop Capital initiated coverage on shares of Trimble in a report on Monday, October 26th. They set a “buy” rating and a $76.00 price objective on the stock. Sanford C. Bernstein cut their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Weiss Ratings raised shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.56.
Check Out Our Latest Research Report on Trimble
Trending Headlines about Trimble
Here are the key news stories impacting Trimble this week:
- Positive Sentiment: Annualized recurring revenue reached a record $2.564 billion, supporting Trimble’s subscription-focused strategy. Third-quarter revenue was about $967 million, up 7.3% year over year. Article: Trimble: The Company That Sold the Tractor Business to Buy the Whole Job Site
- Neutral Sentiment: Adjusted earnings of $0.86 per share matched analysts’ estimates, while revenue was essentially in line with expectations. EPS improved from $0.81 a year earlier, but the quarter offered little upside versus forecasts. Article: Trimble Q3 Earnings Match Estimates
- Negative Sentiment: The main pressure was Trimble’s decision to cut its growth outlook as European freight-market conditions slowed. Investors appear focused on the weaker forward picture rather than the in-line quarter, contributing to the stock’s decline. Article: Trimble Cuts Growth Outlook as European Freight Market Slows
About Trimble
Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.
The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.
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