EarningsQ2 2026 Earnings Report

Trimble (TRMB) Q2 2026 Earnings Report

1 Followers

Previous Report: Q1 2026

MX:TRMB Q2 2026 EPS Results

Actual EPS$15.21

Consensus EPS$14.18

Beat/MissBeat by +$1.03

One Year Ago EPS$12.56

MX:TRMB Q2 2026 Revenue Results

Actual Revenue$17.19B

Expected Revenue$16.84B

Beat/MissBeat by +$352.05M

YoY Revenue Growth+11.00%

Earnings Announcement Details

QuarterQ2 2026

Date08/12/2026

TimeBefore Open

Conference CallWednesday, August 12, 2026

MX:TRMB Upcoming Earnings

Trimble's next earnings date is estimated for November 4, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:TRMB Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong operational performance: double-digit organic ARR growth, record ARR, margin expansion, robust free cash flow, accelerated AI and platform momentum (Trimble Connect), and a raised FY revenue and EPS midpoint. Near-term challenges include a planned Field Systems product transition causing a modest ARR headwind (400–500 bps in the segment, ~100 bps company-level), discrete tariff refunds in Q2, one-time costs reducing FCF conversion, and a board review of the Transportation & Logistics portfolio that introduces strategic uncertainty. On balance, the positive beats, record ARR, margin progress, capital returns, and AI-driven product momentum materially outweigh the isolated near-term headwinds.

Company Guidance

Trimble raised its 2026 midpoints, increasing full‑year revenue by $50 million to $3.925 billion (≈9% y/y) and EPS by $0.10 to $3.65 (≈17% y/y), now targeting EBITDA margins of approximately 30% (the high end of prior guidance and the 2027 target achieved a year early); ARR is expected toward the low‑to‑mid end of the range after a Field Systems ARR adjustment to high single‑digit to low double‑digit growth (a one‑time ~400–500 bp headwind to Field Systems ARR, ≈<100 bp at the company level), and free cash flow is now expected at ~0.9x non‑GAAP net income (down from ~1x due to incremental restructuring/onetime costs) with the company saying FCF should exceed non‑GAAP net income over the long term. For Q3 the midpoints are $965 million revenue (≈7% growth), $0.85 EPS, 12% ARR growth and 28.6% EBITDA margin. These raises are supported by strong Q2 results (organic revenue +10% to $972M, ARR +12% to a record $2.509B, AECO ARR $1.577B +14%, Field Systems ARR $399M +12%, T&L ARR $533M +7%, gross margin 71.8% +120 bps, EBITDA margin 28.6% +120 bps, Q2 EPS $0.86, YTD free cash flow $502M, cash $214M, leverage 1.1x) and a new $1 billion share repurchase authorization.

Top- and Bottom-Line Beat with Strong Organic Growth

Q2 revenue $972M with 10% organic growth, beating guidance; raised FY midpoint revenue by $50M to $3.925B (~9% growth).

Record and Growing ARR Base

Total ARR grew 12% year-over-year to a record $2.509B. Segment ARR: AECO ARR up 14% to $1.577B; Field Systems ARR up 12% to $399M; Transportation & Logistics ARR up 7% to $533M.

Margin Expansion and Earnings Upside

EBITDA margin expanded 120 basis points to 28.6% in Q2; gross margin expanded 120 basis points to 71.8%. Raised FY EPS midpoint by $0.10 to $3.65 (implying ~17% YoY EPS growth).

Strong Free Cash Flow and Capital Returns

Free cash flow of $502M through first two quarters; announced $1B new share repurchase authorization; nearly $1.2B repurchased since start of 2025; leverage ratio 1.1x and $214M cash on hand.

Field Systems and AECO Outperformance

Field Systems revenue $442M, up 12% (record-setting quarter); AECO revenue $389M, up 9%, with cross-sell/upsell momentum driving results and operating margin for AECO at 30.6%.

Trimble Connect and Data Platform Momentum

Trimble Connect: >3.7M monthly active users; added >1M projects in Q2; nearly 30B API calls; 60,000 active IoT devices; reality-capture data ingested volume grew 68% YoY; adding >1 PB of field data per quarter.

AI Transformation Delivering Productivity Gains

AI-enabled product launches and acquisitions (e.g., Document Crunch) are driving adoption: MEP estimating AI takeoff shows early customer time savings up to 60% on manual takeoffs; ARC Agent launched in T&L; company pursuing subscription and consumption monetization.

Raised Margin Target Achieved Early

Company now expects FY EBITDA margins at ~30% (high end of prior guidance), achieving the 30% Investor Day target one year ahead of schedule.

MX:TRMB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 04, 2026	2026 (Q3)	15.21 / -	14.324	―
Aug 12, 2026	2026 (Q2)	14.18 / 15.21	12.556	21.13% (+2.65)
May 06, 2026	2026 (Q1)	12.73 / 13.97	10.787	29.51% (+3.18)
Feb 10, 2026	2025 (Q4)	16.98 / 17.68	15.739	12.36% (+1.95)
Nov 05, 2025	2025 (Q3)	12.70 / 14.32	12.379	15.71% (+1.95)
Aug 06, 2025	2025 (Q2)	11.05 / 12.56	10.964	14.52% (+1.59)
May 07, 2025	2025 (Q1)	10.33 / 10.79	11.318	-4.69% (-0.53)
Feb 19, 2025	2024 (Q4)	15.65 / 15.74	11.141	41.27% (+4.60)
Nov 06, 2024	2024 (Q3)	10.93 / 12.38	12.025	2.94% (+0.35)
Aug 06, 2024	2024 (Q2)	10.29 / 10.96	11.318	-3.12% (-0.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed