Companies · TRMB
Trimble Inc.
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Latest analysis
Updated Aug 12, 2026
Trimble raises FY2026 guidance after record ARR quarter, but $562M T&L goodwill impairment signals structural concern in transportation software.
Trimble delivered Q2 2026 revenue of $972.0 million against $875.7 million in Q2 2025, with ARR reaching a record $2.51 billion, up 14 percent year-over-year. The headline result is obscured by a $562.0 million goodwill impairment in the Transportation & Logistics segment, triggered by sustained stock price decline and compressed software multiples — a direct signal that the T&L business is worth materially less than previously carried. Management responded by raising full-year revenue guidance to $3,900–$3,950 million and authorizing a fresh $1.0 billion share repurchase, projecting confidence in the core AECO and Field Systems segments even as T&L deteriorates.
Tone: mixedRevenue
$3.6B
TRMB 10-K · FY 2026
Employees
11,500
Revenue FY2024
$3.7B
EBITDA margin
28%
Profile
TRMB 10-K Item 1 · Feb 25, 2026Trimble Inc. is a technology solutions and platform provider serving the construction, geospatial, transportation, and natural resources industries. The company connects office and field workflows through hardware, software, and cloud platforms centered on two open industry clouds — one in construction and one in transportation and logistics. Its strategy, called Connect & Scale, drives a shift from hardware point solutions toward recurring subscription and SaaS revenue.
Read filing description ↓ Collapse description ↑
Trimble is a leading technology solutions and platform provider, enabling office professionals and field workers to connect their workflows and industry lifecycles, driving a more productive, efficient, and sustainable future. With a focus on the industries that build, maintain, and move the world, the comprehensive depth and breadth of our solutions are transforming the way the world works, making it easier for Trimble customers to focus on what matters—getting the job done right. We innovate at the intersection of the digital and physical worlds with solutions that span the world's foundational industries, including building, civil and infrastructure construction, geospatial, natural resources, utilities, and transportation. We exist to empower our customers: asset owners; general and specialty contractors; architects, engineers, and designers; surveyors; energy and utility companies; transportation shippers and carriers; as well as state, federal, and municipal governments. Our strategy is centered on two open industry cloud platforms, one in construction and one in transportation and logistics, and underlying common data environments as the nucleus of our connected solutions, allowing all stakeholders to collaborate and make decisions based on the same information. Connected software applications and cloud platform services are key elements of our solutions and account for a steadily increasing portion of our business. We deploy AI, Generative AI, Machine Learning, Computer Vision, and similar technologies into our solutions across our business segments to deliver customer value through process automation and operational insights. Our global operations include major research, development, manufacturing, and logistics operations in the United States, the Netherlands, India, Germany, the United Kingdom, New Zealand, Finland, Canada, and Sweden.
Primary products
- SketchUp
- Trimble Connect
- Building Information Modeling (BIM) software
- Construction Software
- Owner Software
- Carrier TMS (Enterprise)
Business segments
End markets
Geographies
“We compete principally on the basis of innovation, differentiated products, domain expertise, service, quality, and geographic reach.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Total revenue declined from $3,683.3 million in 2024 to $3,587.3 million in 2025, reflecting the impact of the Ag and Mobility divestitures, partially offset by growth in subscription and services revenue.
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