Trimble earnings: guidance and next results
MyStockButler's October 2026 analysis: Trimble's next results are expected on November 4, 2026. Trimble's key watch is whether the Field Systems transition stays contained.
What has Trimble guided for fiscal 2026?
For fiscal 2026, ending in January 2027, management guides to revenue of $3.9–$4.0 billion and non-GAAP earnings of $3.60–$3.70 a share. Non-GAAP earnings remove specified expenses from the standard accounting result. The same forecast shows a GAAP loss because a $562.0 million goodwill impairment reduced the accounting value of the Transportation and Logistics business. Goodwill represents expected future benefits from an acquisition; writing it down signals that earlier expectations were too high, but does not itself require a current cash payment.
Trimble expects organic ARR growth of 12.0%–14.0%, excluding currency and portfolio changes, and targets $3.0 billion of ARR, $4.0 billion of revenue, and a 30.0% EBITDA margin in 2027. Its fiscal 2026 margin forecast already approaches that target. AECO benefits from connected construction software, while Field Systems sells machine-control, positioning, and data-processing tools to roads, solar, manufacturing, and data-center customers. These products diversify demand, but they remain exposed to construction budgets.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue (fiscal 2026) | Year to Jan 2027 | 3,900 | 3,950 | Aug 12, 2026 |
| GAAP loss per share (fiscal 2026) | Year to Jan 2027 | -0.12 | -0.07 | Aug 12, 2026 |
| non-GAAP earnings per share (fiscal 2026) | Year to Jan 2027 | 3.60 | 3.70 | Aug 12, 2026 |
| Organic ARR Growth (fiscal 2026) | Year to Jan 2027 | 12.0% | 14.0% | Aug 12, 2026 |
| ARR (2027 investor-day target) | Year to Dec 2027 | 3,000 | 3,000 | May 6, 2026 |
| EBITDA margins (2027 investor-day target) | Year to Dec 2027 | 30.0% | 30.0% | May 6, 2026 |
What this means. The company’s standard accounting measure shows a loss and an unusually high tax rate, while its adjusted measure shows a profit because it leaves out certain costs and tax effects.
Has Trimble kept its past promises?
Management has earned confidence in operating forecasts: revenue exceeded its original range in all seven checked quarters, while non-GAAP earnings exceeded or met the range. GAAP results are less dependable because impairments can overwhelm operating progress.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Revenue | 7 quarters | 7 | 0 | 0 |
| GAAP earnings per share | 7 quarters | 3 | 2 | 2 |
| non-GAAP earnings per share | 7 quarters | 5 | 2 | 0 |
How has Trimble's revenue and profit trended?
Revenue reached $972.0 million, up 11.0% from a year earlier. Organic product revenue grew 12%, while subscription and services grew 9%, so the quarter’s improvement extended beyond software. Gross margin rose from 68.3% to 69.4%, but operating income increased only from $127.8 million to $132.0 million. More gross profit was absorbed by operating expenses.
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | |
|---|---|---|---|---|---|
| Revenue | 972.0 | 939.9 | 969.8 | 901.2 | 875.7 |
| Gross margin | 69.4% | 68.8% | 72.0% | 68.9% | 68.3% |
| Operating income | 132.0 | 144.0 | 216.2 | 150.5 | 127.8 |
| Net income | -471.7 | 98.9 | 156.6 | 111.5 | 89.2 |
| EPS, diluted | -2.02 | 0.42 | 0.65 | 0.46 | 0.37 |
What should I watch in Trimble's next results?
The first checkpoint is November 4, 2026, when Trimble will discuss its third-quarter results. Investors should watch whether the Field Systems transition stays contained and whether recurring growth still converts into cash. The November 9–11 Dimensions conference offers a second test: product demonstrations matter financially only when customers activate, pay, and renew.