Trimble Q1 revenue rises 12%, beats estimates

Trimble

06/05/2026 12:05

Overview

US technology provider's Q1 revenue rose 12% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company repurchased $317 mln of shares during the quarter

Outlook

Trimble raises full-year 2026 guidance

Trimble expects Q2 2026 revenue between $938 mln and $963 mln

Company sees full-year 2026 revenue between $3,835 mln and $3,915 mln

Result Drivers

RECURRING REVENUE GROWTH - Record annualized recurring revenue, up 12% yr/yr, contributed to Q1 results

CONNECT & SCALE STRATEGY - Ongoing execution of Connect & Scale strategy supported growth, per CEO Rob Painter

RECORD MARGINS - Record Q1 gross margins and operating income margins supported profitability

Company press release: ID:nPnZX29ta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$939.90 mln
$905.58 mln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.79
$0.72 (12 Analysts)
Q1 Adjusted Net Income
Beat
$186.90 mln
$171.21 mln (10 Analysts)
Q1 Net Income
$98.90 mln
Q1 Adjusted EBITDA
Beat
$257.70 mln
$239.84 mln (8 Analysts)
Q1 operating income
$144 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Trimble Inc is $93.00, about 36% above its May 5 closing price of $68.37

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)