Track market-moving stories before they get noisy

Shares of Trimble Navigation (TRMB - Free Report) have gained 8.8% over the past four weeks to close the last trading session at $60.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $77.91 indicates a potential upside of 28.4%.

The average comprises 11 short-term price targets ranging from a low of $61.00 to a high of $94.00, with a standard deviation of $10.87. While the lowest estimate indicates an increase of 0.5% from the current price level, the most optimistic estimate points to a 54.9% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in TRMB. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in TRMBAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, five estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 2.5%.

Moreover, TRMB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much TRMB could gain, the direction of price movement it implies does appear to be a good guide.

BlackRock Inc. purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,420,556 shares of the scientific and technical instruments company’s stock, valued at approximately $1,096,304,000. BlackRock Inc. owned about 9.19% of Trimble at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRMB. Assenagon Asset Management S.A. boosted its holdings in Trimble by 29.4% during the second quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock worth $17,795,000 after purchasing an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in shares of Trimble by 90.8% in the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after purchasing an additional 28,791 shares during the period. Swedbank AB lifted its stake in Trimble by 60.0% in the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock valued at $39,816,000 after purchasing an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Trimble during the second quarter valued at $208,000. Finally, National Pension Service increased its position in Trimble by 49.4% in the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock worth $4,476,000 after buying an additional 18,897 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Trimble Price Performance Shares of Trimble stock opened at $60.25 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a fifty day moving average of $54.06 and a 200-day moving average of $60.17. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of -122.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37. Trimble (NASDAQ:TRMB – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Equities research analysts expect that Trimble Inc. will post 3.01 EPS for the current year.

Analyst Ratings Changes Several analysts have issued reports on the company. Wall Street Zen lowered Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company cut their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.78.

View Our Latest Stock Report on TRMB

About Trimble (Free Report)

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.

Featured Stories Five stocks we like better than Trimble Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Trimble Navigation (TRMB - Free Report) Based in Sunnyvale, CA, Trimble Inc. is a leading technology solutions provider that addresses the needs of building, civil and infrastructure construction, geospatial, survey and mapping, natural resources, utilities, transportation, and government end-markets. Asset owners, general and specialty contractors, engineers and designers, surveyors, energy and utility companies, trucking companies and drivers, as well as state, federal, and municipal governments are Trimble’s primary customers.

TRMB is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. TRMB has a Growth Style Score of A, forecasting year-over-year earnings growth of 14.1% for the current fiscal year.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.01 to $3.57 per share. TRMB also boasts an average earnings surprise of +8.5%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TRMB should be on investors' short list.

Handelsbanken Fonder AB lowered its position in shares of Trimble Inc. (NASDAQ: TRMB) by 11.0% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,047 shares of the scientific and technical instruments company's stock after selling 9,492 shares during the quarter.

Key Takeaways Trimble's Q2 earnings and revenue beat estimates, driven by organic growth in AECO and Field Systems. Field Systems grew 12% organically, led by demand from data centers, utilities and energy infrastructure. Trimble raised its 2026 outlook and authorized a new $1 billion share repurchase program. Trimble (TRMB - Free Report) reported second-quarter 2026 non-GAAP earnings of 86 cents per share, beating the Zacks Consensus Estimate by 7.5%. Earnings rose 21.1% year over year.

Revenues of $972 million increased 11% year over year and up 10% on an organic basis. The company also surpassed the Zacks Consensus Estimate by 2.2%. The quarter benefited from organic execution in AECO and Field Systems. Annualized recurring revenue (ARR) reached a record $2.51 billion, up 14% year over year and 12% organically.

TRMB's Revenue Mix Keeps Recurring Streams in FocusSubscription and services revenues were $640.6 million, up 9.9% year over year, while product revenues advanced 13.2% to $331.4 million. Subscription and services accounted for 65.9% of total revenues, keeping recurring streams central to the business mix.

Management said recurring revenue growth supported stronger gross and operating profitability. The Connect & Scale strategy remains focused on linking data and workflows across Trimble’s software and hardware ecosystem.

Trimble's AECO Growth Draws on Cross-Sell and AIAECO revenues were $388.5 million, with organic growth of 9%. Segment ARR reached a record $1.57 billion and increased 14% organically. Trimble Construction One bundles, cross-sell activity and the Document Crunch acquisition supported bookings momentum.

The segment's operating income margin was 30.6%, up 20 basis points year over year.

Management said AECO remains on track for an operating margin of about 35% in 2026, while new AI tools are being deployed across estimating, job costing, and contract-risk workflows.

TRMB's Field Systems Leads Segment MomentumField Systems generated $442.5 million in revenues, with 12% organic growth. ARR was $399 million, also up 12% organically. Demand was strongest in Civil Construction and Geospatial, led by data centers, utilities, and energy infrastructure.

Tariff refunds reduced revenues by $14 million, creating a three-percentage-point drag on growth, but had no impact on operating income. The segment's operating margin expanded 210 basis points to 32.9%, helped by recurring revenue growth and scale.

Trimble's T&L Unit Posts Growth Amid Freight PressureTransportation & Logistics revenues were $141 million, up 5% organically, while ARR increased 7% to $533 million. Transporeon delivered mid-teens growth, and management cited healthy bookings despite a still-constrained freight market.

Operating margin improved 240 basis points to 24%. Trimble also began a strategic review of the T&L business after receiving inbound interest from multiple parties, with management emphasizing that there is no predetermined outcome or timeline.

TRMB's Profitability Expands With Revenue GrowthNon-GAAP gross margin increased 120 basis points year over year to 71.8%.

Adjusted EBITDA reached $278 million, with margin expanding 120 basis points to 28.6%. GAAP results included a $562 million goodwill impairment related to T&L, which drove a GAAP net loss of $471.7 million.

Non-GAAP operating income was $260.6 million, translating to a 26.8% margin, up 140 basis points.

Trimble's Cash Flow Supports Capital ReturnsTRMB ended the quarter with $214.4 million in cash and equivalents and total debt of $1.459 billion.

Through the first two quarters of 2026, operating cash flow was $515 million. Free cash flow totaled $501.8 million for the first half.

The board authorized a new $1 billion share repurchase program, replacing the prior authorization, while share repurchases totaled $329 million through the first two quarters.

TRMB Raises 2026 Outlook and Sets Q3 ViewTrimble raised its 2026 revenue outlook in the range of $3.90-$3.95 billion and non-GAAP earnings of $3.60-$3.70 per share. Organic ARR growth is expected to be between 12% and 14%, with non-GAAP operating margin projected to be 28.2%-28.6% and adjusted EBITDA margin to be 29.7%-30.1%.

For the third quarter, TRMB expects revenues of $953-$978 million and non-GAAP earnings of 83-88 cents per share. Organic ARR growth is projected to be in the range of 11%-13%. Field Systems ARR growth is expected to face a 400-500 basis-point headwind for several quarters from replacing a low-margin white-label product with an internally developed solution.

Zacks Rank & Other Stocks to ConsiderCurrently, Trimble carries a Zacks Rank #2 (Buy).

Caterpillar (CAT - Free Report) , Generac Holdings (GNRC - Free Report) , and Schneider Electric (SBGSY - Free Report) are stocks worth considering in the broader Zacks Industrial Products sector. While Caterpillar and Generac Holdings sport a Zacks Rank #1 (Strong Buy), Schneider Electric currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

 The long-term earnings growth rates for Caterpillar, Generac Holdings, and Schneider Electric are 21.07%, 12%, and 17.18%, respectively.

 Shares of Caterpillar, Generac Holdings, and Schneider Electric have appreciated 49.3%, 62.7%, and 30.2%, respectively.

Trimble Inc. (TRMB) Q2 2026 Earnings Call Transcript

Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy Record second quarter gross margins Second quarter results exceeded expectations Raising full year 2026 revenue and earnings guidance Board of Directors approves new share repurchase authorization of $1.0 billion , /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the second quarter of 2026.

Second Quarter 2026 Financial Highlights

Revenue of $972.0 million, up 11 percent on a year-over-year basis, up 10 percent on an organic basis Annualized recurring revenue ("ARR") was $2.51 billion, up 14 percent year-over-year, up 12 percent on an organic basis GAAP operating income was $132.0 million, 13.6 percent of revenue, and non-GAAP operating income was $260.6 million, 26.8 percent of revenue GAAP net loss was $(471.7) million and non-GAAP net income was $200.3 million: the GAAP net loss was driven largely by a $562.0 million impairment of goodwill related to the Transportation and Logistics ("T&L") segment. Diluted loss per share was $(2.02) on a GAAP basis and diluted earnings per share was $0.86 on a non-GAAP basis Adjusted EBITDA was $278.0 million, 28.6 percent of revenue Executive Quote

"We delivered another strong quarter, increasing annualized recurring revenue to a record $2.509 billion, with strong recurring revenue growth across all segments," said Rob Painter, President and CEO of Trimble. "Our Connect and Scale strategy is building momentum with increasingly connected data and workflows across our ecosystem. Trimble is well positioned to accelerate AI-enabled value for customers and shareholders."

New Share Repurchase Authorization

The Board of Directors authorized the repurchase of up to $1.0 billion in shares of the Company's common stock. The stock repurchase authorization does not have an expiration date and replaces the prior authorization of up to $1.0 billion, of which $608.2 million was remaining as of the end of the second quarter of 2026, but is now cancelled.

Under the 2026 stock repurchase program, Trimble may repurchase stock from time to time through accelerated stock repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means. The timing and actual amount of any stock repurchased will depend on a variety of factors, including market conditions, Trimble's stock price, and other available uses of capital, applicable legal requirements, and other factors. This program may be suspended, modified, or discontinued at any time without prior notice.

Forward-Looking Guidance

For the full-year 2026, Trimble expects to report revenue between $3,900 million and $3,950 million, GAAP loss per share of $0.07 to $0.12, and non-GAAP earnings per share of $3.60 to $3.70. GAAP guidance assumes a tax rate of 145.0 percent and non-GAAP guidance assumes a tax rate of 17.3 percent. Both GAAP loss and non-GAAP earnings per share assume approximately 234 million shares outstanding.

For the third quarter of 2026, Trimble expects to report revenue between $953 million and $978 million, GAAP earnings per share of $0.39 to $0.44, and non-GAAP earnings per share of $0.83 to $0.88. GAAP guidance assumes a tax rate of 24.0 percent and non-GAAP guidance assumes a tax rate of 17.3 percent. Both GAAP and non-GAAP earnings per share assume approximately 234 million shares outstanding.

A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.

Investor Conference Call / Webcast Details

Trimble will hold a conference call on August 12, 2026 at 8:00 a.m. ET to review its second quarter of 2026 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, https://investor.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/848449078?pwd=RQy4WSHT. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.

About Trimble

Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: https://www.trimble.com.

Safe Harbor

Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner, or get the benefits we are expecting from our joint ventures and partnerships, including with Platform Science. The Company's results could also be negatively impacted due to the general global macroeconomic outlook, including heightened trade tensions and export control restrictions between the U.S. and its trading partners, and associated supply chain disruptions, slowing growth, inflationary pressures, and fluctuations in interest rates, which may affect demand for our products and services, increase our costs and adversely affect our revenues and profitability; the pace at which our dealers work through their inventory; changes in our distribution channels; adverse geopolitical tensions and the ongoing impact of volatility and conflict in the political and economic environment, including the Middle East conflict, and the direct and indirect impact on our business; fluctuations in foreign currency exchange rates; the pace that we transition our business model towards a subscription model; the impact and risks of AI and AI-related developments; the impact of acquisitions or divestitures; the potential that any stock repurchases may not increase the value of our remaining shares, and we may elect not to purchase the full amount allocated under the 2026 stock repurchase program; and our ability to maintain effective internal controls over financial reporting, including our ability to remediate our material weaknesses in our internal controls over financial reporting. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the U.S. Securities and Exchange Commission, including our quarterly reports on Form 10-Q and our annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.

FTRMB

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

(Unaudited)

Second Quarter of

First Two Quarters of

2026

2025

2026

2025

Revenue:

Product

$          331.4

$          292.8

$          642.6

$          564.4

Subscription and services

640.6

582.9

1,269.3

1,151.9

Total revenue

972.0

875.7

1,911.9

1,716.3

Cost of sales:

Product

160.1

144.4

318.3

288.1

Subscription and services

120.1

117.3

239.4

237.0

Amortization of purchased intangible assets

16.9

16.1

33.0

32.5

Total cost of sales

297.1

277.8

590.7

557.6

Gross margin

674.9

597.9

1,321.2

1,158.7

Gross margin (%)

69.4 %

68.3 %

69.1 %

67.5 %

Operating expense:

Research and development

177.1

163.3

346.6

321.8

Sales and marketing

176.3

158.4

352.4

311.6

General and administrative

149.7

117.6

276.4

239.1

Restructuring

12.6

4.0

15.5

8.5

Amortization of purchased intangible assets

27.2

26.8

54.3

52.4

Total operating expense

542.9

470.1

1,045.2

933.4

Operating income

132.0

127.8

276.0

225.3

Non-operating (expense) income, net:

Goodwill impairment

(562.0)

—

(562.0)

—

Interest expense, net

(20.9)

(19.4)

(40.4)

(35.0)

Income from equity method investments, net

2.6

2.3

3.4

3.3

Other income, net

3.5

2.6

9.5

6.1

Total non-operating expense, net

(576.8)

(14.5)

(589.5)

(25.6)

(Loss) income before taxes

(444.8)

113.3

(313.5)

199.7

Income tax provision

26.9

24.1

59.3

43.8

Net (loss) income

$        (471.7)

$            89.2

$        (372.8)

$          155.9

Loss (earnings) per share:

Basic

$          (2.02)

$            0.37

$          (1.60)

$            0.65

Diluted

$          (2.02)

$            0.37

$          (1.60)

$            0.64

Shares used in calculating (loss) earnings per share:

Basic

233.0

238.1

233.7

240.7

Diluted

233.0

239.6

233.7

242.9

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

As of

Second Quarter of

Year End

2026

2025

Assets

Current assets:

Cash and cash equivalents

$                               214.4

$                                253.4

Accounts receivable, net

598.1

856.0

Inventories

185.3

186.3

Prepaid expenses

115.3

102.7

Other current assets

231.8

233.5

Total current assets

1,344.9

1,631.9

Property and equipment, net

183.2

182.8

Goodwill

4,826.6

5,239.7

Other purchased intangible assets, net

850.4

924.1

Deferred income tax assets

253.8

260.0

Equity investments

617.4

610.8

Other non-current assets

464.5

462.7

Total assets

$                            8,540.8

$                             9,312.0

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$                                 16.4

$                                     —

Accounts payable

195.3

168.3

Accrued compensation and benefits

166.5

211.7

Deferred revenue

833.9

894.0

Income taxes payable

6.6

17.7

Other current liabilities

191.5

211.7

Total current liabilities

1,410.2

1,503.4

Long-term debt

1,442.9

1,392.2

Deferred revenue, non-current

113.2

104.7

Deferred income tax liabilities

180.9

190.5

Other non-current liabilities

282.8

285.0

Total liabilities

3,430.0

3,475.8

Stockholders' equity:

Common stock

0.2

0.2

Additional paid-in-capital

2,489.9

2,437.9

Retained earnings

2,702.3

3,387.6

Accumulated other comprehensive (loss) income

(81.6)

10.5

Total stockholders' equity

5,110.8

5,836.2

Total liabilities and stockholders' equity

$                            8,540.8

$                             9,312.0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

First Two Quarters of

2026

2025

Cash flow from operating activities:

Net (loss) income

$                             (372.8)

$                               155.9

Adjustments to reconcile net (loss) income to net cash provided by operating activities:

Depreciation and amortization

101.0

98.8

Goodwill impairment

562.0

—

Deferred income taxes

5.3

(19.5)

Stock-based compensation

85.1

76.3

Other, net

(6.8)

36.6

(Increase) decrease in assets:

Accounts receivable, net

250.4

202.7

Inventories

5.5

12.6

Other current and non-current assets

(23.4)

(6.4)

Increase (decrease) in liabilities:

Accounts payable

26.8

(12.5)

Accrued compensation and benefits

(43.3)

(65.5)

Deferred revenue

(54.4)

(31.8)

Income taxes payable

(11.0)

(308.5)

Other current and non-current liabilities

(9.4)

(36.6)

Net cash provided by operating activities

515.0

102.1

Cash flow from investing activities:

Divestitures of businesses, net of cash divested

(2.0)

(7.3)

Acquisitions of businesses, net of cash acquired

(230.5)

(4.4)

Purchases of property and equipment

(13.2)

(12.5)

Other, net

0.4

(3.0)

Net cash used in investing activities

(245.3)

(27.2)

Cash flow from financing activities:

Issuance of common stock, net of tax withholdings

(32.5)

(23.1)

Repurchases of common stock

(329.0)

(677.4)

Proceeds from debt and revolving credit lines

795.8

348.3

Payments on debt and revolving credit lines

(729.5)

(227.3)

Other, net

(7.2)

(3.1)

Net cash used in financing activities

(302.4)

(582.6)

Effect of exchange rate changes on cash and cash equivalents

(6.3)

25.8

Net decrease in cash and cash equivalents

(39.0)

(481.9)

Cash and cash equivalents - beginning of period (1)

253.4

747.8

Cash and cash equivalents - end of period

$                               214.4

$                               265.9

(1) Includes $9.0 million of cash and cash equivalents classified as held for sale as of January 3, 2025.

REPORTING SEGMENTS

(In millions)

(Unaudited)

Reportable Segments

AECO

Field Systems

T&L

Second Quarter of 2026

Segment revenue

$                   388.5

$                   442.5

$                   141.0

Cost of sales

61.2

177.3

34.1

Operating expense

208.3

119.4

73.0

Operating income

$                   119.0

$                   145.8

$                     33.9

Operating income %

30.6 %

32.9 %

24.0 %

Second Quarter of 2025

Segment revenue

$                   350.3

$                   392.7

$                   132.7

Cost of sales

59.7

161.9

33.6

Operating expense

184.2

109.8

70.5

Operating income

$                   106.4

$                   121.0

$                     28.6

Operating income %

30.4 %

30.8 %

21.6 %

Reportable Segments

AECO

Field Systems

T&L

First Two Quarters of 2026

Segment revenue

$                   779.6

$                   851.7

$                   280.6

Cost of sales

123.9

352.3

68.5

Operating expense

413.6

235.6

144.4

Operating income

$                   242.1

$                   263.8

$                     67.7

Operating income %

31.1 %

31.0 %

24.1 %

First Two Quarters of 2025

Segment revenue

$                   685.7

$                   751.9

$                   278.7

Cost of sales

118.6

316.1

78.2

Operating expense

369.1

208.2

145.8

Operating income

$                   198.0

$                   227.6

$                     54.7

Operating income %

28.9 %

30.3 %

19.6 %

GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

Second Quarter of

First Two Quarters of

2026

2025

2026

2025

Dollar Amount

% of Revenue

Dollar Amount

% of Revenue

Dollar Amount

% of Revenue

Dollar Amount

% of Revenue

REVENUE:

GAAP revenue:

$    972.0

$    875.7

$  1,911.9

$  1,716.3

GROSS MARGIN:

GAAP gross margin:

$    674.9

69.4 %

$    597.9

68.3 %

$  1,321.2

69.1 %

$  1,158.7

67.5 %

Amortization of purchased intangible
assets

(A)

16.9

16.1

33.0

32.5

Stock-based compensation / deferred
compensation

(C)

3.8

4.2

8.0

8.5

Restructuring and other costs

(D)

2.5

0.4

2.8

0.6

Non-GAAP gross margin:

$    698.1

71.8 %

$    618.6

70.6 %

$  1,365.0

71.4 %

$  1,200.3

69.9 %

OPERATING EXPENSES:

GAAP operating expenses:

$    542.9

55.9 %

$    470.1

53.7 %

$  1,045.2

54.7 %

$    933.4

54.4 %

Amortization of purchased intangible assets

(A)

(27.2)

(26.8)

(54.3)

(52.4)

Acquisition / divestiture items

(B)

(23.9)

(2.7)

(29.8)

(11.6)

Stock-based compensation / deferred compensation

(C)

(40.5)

(36.6)

(80.0)

(69.8)

Restructuring and other costs

(D)

(13.8)

(8.0)

(19.9)

(20.1)

Non-GAAP operating expenses:

$    437.5

45.0 %

$    396.0

45.2 %

$    861.2

45.0 %

$    779.5

45.4 %

OPERATING INCOME:

GAAP operating income:

$    132.0

13.6 %

$    127.8

14.6 %

$    276.0

14.4 %

$    225.3

13.1 %

Amortization of purchased intangible assets

(A)

44.1

42.9

87.3

84.9

Acquisition / divestiture items

(B)

23.9

2.7

29.8

11.6

Stock-based compensation / deferred compensation

(C)

44.3

40.8

88.0

78.3

Restructuring and other costs

(D)

16.3

8.4

22.7

20.7

Non-GAAP operating income:

$    260.6

26.8 %

$    222.6

25.4 %

$    503.8

26.4 %

$    420.8

24.5 %

NON-OPERATING EXPENSE, NET:

GAAP non-operating expense, net:

$   (576.8)

$    (14.5)

$   (589.5)

$    (25.6)

Acquisition / divestiture items

(B)

(5.5)

(2.6)

(9.6)

(7.9)

Deferred compensation

(C)

(0.9)

(2.9)

(2.9)

(2.0)

Restructuring and other costs

(D)

2.8

2.8

4.7

2.9

Goodwill impairment

(E)

562.0

—

562.0

—

Non-GAAP non-operating expense, net:

$    (18.4)

$    (17.2)

$    (35.3)

$    (32.6)

Tax Rate %

Tax Rate %

Tax Rate %

Tax Rate %

(G)

(G)

(G)

(G)

INCOME TAX PROVISION:

GAAP income tax provision:

$      26.9

(6.0) %

$      24.1

21.3 %

$      59.3

(18.9) %

$      43.8

21.9 %

Non-GAAP items tax effected

(F)

15.0

11.9

22.0

23.6

Non-GAAP income tax provision:

$      41.9

17.3 %

$      36.0

17.5 %

$      81.3

17.4 %

$      67.4

17.4 %

NET (LOSS) INCOME:

GAAP net (loss) income:

$   (471.7)

$      89.2

$   (372.8)

$    155.9

Amortization of purchased intangible assets

(A)

44.1

42.9

87.3

84.9

Acquisition / divestiture items

(B)

18.4

0.1

20.2

3.7

Stock-based compensation

(C)

43.4

37.9

85.1

76.3

Restructuring and other costs

(D)

19.1

11.2

27.4

23.6

Goodwill impairment

(E)

562.0

—

562.0

—

Non-GAAP tax adjustments

(F)

(15.0)

(11.9)

(22.0)

(23.6)

Non-GAAP net income:

$    200.3

$    169.4

$    387.2

$    320.8

DILUTED NET (LOSS) INCOME PER SHARE:

GAAP diluted net (loss) income per share:

$    (2.02)

$      0.37

$    (1.60)

$      0.64

Amortization of purchased intangible assets

(A)

0.19

0.18

0.37

0.35

Acquisition / divestiture items

(B)

0.08

—

0.09

0.02

Stock-based compensation

(C)

0.19

0.16

0.36

0.31

Restructuring and other costs

(D)

0.08

0.05

0.12

0.10

Goodwill impairment

(E)

2.40

—

2.40

—

Non-GAAP tax adjustments

(F)

(0.06)

(0.05)

(0.09)

(0.10)

Non-GAAP diluted net income per share:

$      0.86

$      0.71

$      1.65

$      1.32

ADJUSTED EBITDA:

GAAP operating income:

$    132.0

13.6 %

$    127.8

14.6 %

$    276.0

14.4 %

$    225.3

13.1 %

Amortization of purchased intangible assets

(A)

44.1

42.9

87.3

84.9

Acquisition / divestiture items

(B)

23.9

2.7

29.8

11.6

Stock-based compensation / deferred compensation

(C)

44.3

40.8

88.0

78.3

Restructuring and other costs

(D)

16.3

8.4

22.7

20.7

Non-GAAP operating income:

260.6

26.8 %

222.6

25.4 %

503.8

26.4 %

420.8

24.5 %

Depreciation expense and cloud computing amortization

12.0

12.3

23.8

24.3

Income from equity method investments, net

5.4

5.0

8.1

6.9

Adjusted EBITDA:

$    278.0

28.6 %

$    239.9

27.4 %

$    535.7

28.0 %

$    452.0

26.3 %

First Two Quarters of

2026

2025

FREE CASH FLOW:

Net cash provided by operating
activities

$                     515.0

$                     102.1

Capital expenditures

13.2

12.5

Free cash flow

$                     501.8

$                       89.6

Third Quarter of 2026

Year 2026

Low End

High End

Low End

High End

FORECASTED DILUTED NET INCOME (LOSS) PER SHARE:

Forecasted GAAP diluted net income (loss) per share:

$      0.39

$   0.44

$    (0.07)

$  (0.12)

Amortization of purchased intangible assets

(A)

0.19

0.19

0.74

0.74

Acquisition / divestiture items

(B)

0.06

0.06

0.16

0.16

Stock-based compensation

(C)

0.15

0.15

0.67

0.67

Restructuring and other costs

(D)

0.08

0.08

0.23

0.23

Goodwill impairment

(E)

—

—

2.40

2.40

Non-GAAP tax adjustments

(F)

(0.04)

(0.04)

(0.53)

(0.38)

Forecasted non-GAAP diluted net income per share:

$      0.83

$   0.88

$      3.60

$   3.70

FOOTNOTES TO GAAP TO NON-GAAP RECONCILIATION

This press release includes GAAP financial measures as well as non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP measures. We believe non-GAAP financial measures provide useful information to investors and others in understanding our "core operating performance", which excludes (i) the effect of non-cash items and certain variable charges not expected to recur and (ii) transactions that are not meaningful in comparison to our past operating performance or not reflective of ongoing financial results. Lastly, we believe that our core operating performance offers a supplemental measure for period-to-period comparisons and can be used to evaluate our historical and prospective financial performance, as well as our performance relative to competitors.

The non-GAAP definitions and explanations to the adjustments to comparable GAAP measures are included below:

Non-GAAP Definitions

Non-GAAP gross margin

We define Non-GAAP gross margin as GAAP gross margin, excluding the effects of amortization of purchased intangible assets, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP gross margin as a way of understanding how product mix, pricing decisions, and manufacturing costs influence our business.

Non-GAAP operating expenses

We define Non-GAAP operating expenses as GAAP operating expenses, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe this measure is important to investors evaluating our non-GAAP spending in relation to revenue.

Non-GAAP operating income

We define Non-GAAP operating income as GAAP operating income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP operating income trends, which are driven by revenue, gross margin, and spending.

Non-GAAP non-operating expense, net

We define Non-GAAP non-operating expense, net as GAAP non-operating expense, net, excluding goodwill impairment, acquisition/divestiture items, deferred compensation, and restructuring and other costs. We believe this measure helps investors evaluate our non-operating expense trends.

Non-GAAP income tax provision

We define non-GAAP income tax provision as the GAAP income tax provision adjusted for the tax effects of the non-GAAP pre-tax adjustments (A) through (E), excluding certain tax charges and benefits such as net deferred tax impacts resulting from tax amortization related to a non-U.S. intercompany transfer of intellectual property and certain acquisitions, deferred tax impacts from net controlled foreign corporation tested income ("net CFC tested income", formerly referred to as global intangible low-taxed income or "GILTI"), significant reserve releases upon the expiration of statute of limitations and audit closures, and tax law changes. We believe this measure helps investors because it provides for consistent treatment of excluded items in our non-GAAP presentation.

Non-GAAP net income

We define Non-GAAP net income as GAAP net (loss) income, excluding the effects of goodwill impairment, amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. This measure provides a supplemental view of net income trends, which are driven by non-GAAP income before taxes and our non-GAAP tax rate.

Non-GAAP diluted net income per share

We define Non-GAAP diluted net income per share as GAAP diluted net (loss) income per share, excluding the effects of goodwill impairment, amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. We believe our investors benefit by understanding our non-GAAP operating performance as reflected in a per share calculation as a way of measuring non-GAAP operating performance by ownership in the Company.

Adjusted EBITDA

We define Adjusted EBITDA as non-GAAP operating income plus depreciation expense, cloud computing amortization, and income from equity method investments, net, which excludes our proportionate share of items such as amortization of purchased intangibles, stock-based compensation, and restructuring costs. Other companies may define Adjusted EBITDA differently. Adjusted EBITDA is a performance measure that we believe offers a useful view of the overall operations of our business because it facilitates operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, depreciation, amortization of purchased intangibles and cloud computing costs, and income from equity method investments, net.

Free cash flow

We define free cash flow as cash flow from operating activities minus capital expenditures. We believe this measure is important to investors evaluating our generation of cash flow.

Explanations of Non-GAAP adjustments

(A)

Amortization of purchased intangible assets. Non-GAAP gross margin and operating expenses exclude the amortization
of purchased intangible assets, which primarily represents technology and/or customer relationships already developed.

(B)

Acquisition / divestiture items. Non-GAAP gross margin and operating expenses exclude costs consisting of external
and incremental costs resulting directly from acquisitions, divestitures, and strategic investment activities such as legal,
due diligence, integration, and other costs, including the acceleration of acquisition stock awards and adjustments to the
fair value of earn-out liabilities. Non-GAAP non-operating expense, net, excludes one-time acquisition/divestiture
charges, including foreign currency exchange rate gains/losses related to an acquisition, divestiture gains/losses, and
strategic investment gains/losses. These are one-time costs that vary significantly in amount and timing and are not
indicative of our core operating performance.

(C)

Stock-based compensation / deferred compensation. Non-GAAP gross margin and operating expenses exclude stock-
based compensation and income or expense associated with movement in our non-qualified deferred compensation plan
liabilities. Changes in non-qualified deferred compensation plan assets, included in non-operating expense, net, offset the
income or expense in the plan liabilities.

(D)

Restructuring and other costs. Non-GAAP gross margin and operating expenses exclude restructuring costs composed
of termination benefits related to reductions in employee headcount and other cost-saving initiatives, closure or exit of
facilities, and cancellation of certain contracts, and other costs composed of one-time incremental expenses resulting
from the re-audit and related remediation of control deficiencies. Non-GAAP non-operating expense net, excludes our
proportionate share of items recorded in income from equity method investment items, such as goodwill impairment,
amortization of purchased intangibles, stock-based compensation, and restructuring costs.

(E)

Goodwill Impairment. Non-GAAP non-operating expense, net excludes the goodwill impairment charge related to our
T&L segment. The impairment was triggered by a sustained decline in market capitalization and stock price reflecting
heightened macroeconomic uncertainty and lower market multiples for software businesses. 

(F)

Non-GAAP items tax effected. This amount represents the income tax effect of non-GAAP pre-tax adjustments,
excluding certain tax charges and benefits, which reconcile the GAAP income tax provision to the non-GAAP income
tax provision. 

(G)

Tax rate percentages. These percentages are defined as GAAP income tax provision as a percentage of GAAP income
before taxes and non-GAAP income tax provision as a percentage of non-GAAP income before taxes. 

OTHER KEY METRICS

Annualized Recurring Revenue
In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR represents the estimated annualized value of recurring revenue. ARR is calculated by taking our subscription and maintenance and support revenue for the current quarter and adding the portion of the contract value of all our term licenses attributable to the current quarter, then dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.

Organic Annualized Recurring Revenue
Organic annualized recurring revenue refers to annualized recurring revenue excluding the impacts of (i) foreign currency translation and (ii) acquisitions and divestitures that closed in the prior 12 months.

Organic Revenue
Organic revenue refers to revenue excluding the impacts of (i) foreign currency translation and (ii) acquisitions and divestitures that closed in the prior 12 months.

SOURCE Trimble

Trimble Navigation (TRMB - Free Report) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.50%. A quarter ago, it was expected that this GPS manufacturer would post earnings of $0.72 per share when it actually produced earnings of $0.79, delivering a surprise of +9.72%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Trimble, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $972 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.21%. This compares to year-ago revenues of $875.7 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Trimble shares have lost about 26% since the beginning of the year versus the S&P 500's gain of 12.9%.

What's Next for Trimble?While Trimble has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Trimble was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.86 on $955.27 million in revenues for the coming quarter and $3.57 on $3.89 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Applied Industrial Technologies (AIT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.

This industrial products company is expected to post quarterly earnings of $2.92 per share in its upcoming report, which represents a year-over-year change of +4.3%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.

Applied Industrial Technologies' revenues are expected to be $1.29 billion, up 5.6% from the year-ago quarter.

10.8.2026 11:24

Po nabitém minulém týdnu výsledková sezóna zpomaluje. V tuzemsku bude pozornost směřovat především k energetické společnosti ČEZ. V Německu budou reportovat například energetické společnosti E.ON a RWE, zajišťovna Hannover Re či distributor chemikálií Brenntag. Ve zbytku Evropy budou sledované výsledky společnosti ON Holding a Adyen. V USA se pozornost zaměří především na technologické tituly. Výsledky zveřejní Cisco Systems, Applied Materials, CoreWeave, Nebius, Super Micro Computer a Lumentum.

Přehled vybraných společností reportujících své výsledky v tomto týdnu (zdroj: síť X - Earnings Whispers)

Pondělí (10. 8.) Německo (před trhem): GEA Group

USA (před trhem): Barrick Mining, Ferguson Enterprises

USA (po trhu): Simon Property Group, Rocket Lab

Úterý (11. 8.) ČR (před trhem): ČEZ

Evropa (před trhem): On Holding

USA (před trhem): Sea, Cardinal Health, Venture Global

USA (po trhu): Lumentum Holdings, CoreWeave, Super Micro Computer

Středa (12. 8.) Německo (před trhem): E.ON, Hannover Re, Brenntag

USA (před trhem): Nebius Group, Amcor, Trimble

USA (po trhu): Cisco Systems, Coherent

Čtvrtek (13. 8.) Německo (před trhem): RWE

Evropa (před trhem): Adyen

USA (před trhem): JD.Com, Tapestry

USA (po trhu): Applied Materials

Zdroj: Bloomberg, Earnings Whispers

Marek Krejčiřík
Fio banka, a.s.
Prohlášení

Trimble Navigation (TRMB - Free Report) closed the last trading session at $58.55, gaining 11.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $79 indicates a 34.9% upside potential.

The average comprises 11 short-term price targets ranging from a low of $59.00 to a high of $99.00, with a standard deviation of $12.44. While the lowest estimate indicates an increase of 0.8% from the current price level, the most optimistic estimate points to a 69.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in TRMB. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why TRMB Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 0.6%, as two estimates have moved higher compared to no negative revision.

Moreover, TRMB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much TRMB could gain, the direction of price movement it implies does appear to be a good guide.

On August 04, 2026, Trimble Inc (TRMB) shares rose 3.5% to a current price of $59.81. The stock has seen a 52-week range between $47.92 and $87.50, highlighting

Trimble Navigation (TRMB - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis GPS manufacturer is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +12.7%.

Revenues are expected to be $950.94 million, up 8.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.83% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Trimble?For Trimble, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Trimble will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Trimble would post earnings of $0.72 per share when it actually produced earnings of $0.79, delivering a surprise of +9.72%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Trimble doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

On July 24, 2026, Trimble Inc (TRMB) shares rose 5.1% today, with the stock currently priced at $52.91. The shares have seen significant volatility over the pas

Posted by Defense World Staff on Jul 22nd, 2026

California Public Employees Retirement System lowered its position in Trimble Inc. (NASDAQ:TRMB – Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 442,011 shares of the scientific and technical instruments company’s stock after selling 28,660 shares during the period. California Public Employees Retirement System owned 0.19% of Trimble worth $28,832,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRMB. Wellington Management Group LLP boosted its holdings in Trimble by 126.0% in the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after purchasing an additional 3,455,949 shares in the last quarter. Norges Bank bought a new stake in shares of Trimble during the 4th quarter worth about $213,133,000. Ninety One UK Ltd bought a new stake in shares of Trimble during the 4th quarter worth about $67,741,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after acquiring an additional 675,134 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Trimble by 73.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock valued at $97,540,000 after acquiring an additional 542,245 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on TRMB shares. Wells Fargo & Company dropped their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Piper Sandler decreased their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of Trimble from $88.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Oppenheimer reissued an “outperform” rating and set a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and an average price target of $83.78.

Check Out Our Latest Analysis on Trimble

Trimble Price Performance NASDAQ:TRMB opened at $51.85 on Wednesday. The stock has a market cap of $12.09 billion, a P/E ratio of 27.29, a PEG ratio of 1.77 and a beta of 1.38. Trimble Inc. has a one year low of $47.92 and a one year high of $87.50. The company has a fifty day moving average price of $53.02 and a 200 day moving average price of $63.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88.

Trimble (NASDAQ:TRMB – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. During the same period last year, the business posted $0.61 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Analysts anticipate that Trimble Inc. will post 3 earnings per share for the current year.

Trimble Profile (Free Report)

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.

Recommended Stories Five stocks we like better than Trimble Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB – Free Report).

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAngeles Wealth Management LLC Boosts Stock Holdings in Meta Platforms, Inc. $META

NEXT HEADLINE »Dimensional Fund Advisors LP Boosts Holdings in Arch Capital Group Ltd. $ACGL

Posted by Defense World Staff on Jul 22nd, 2026

Accelleron Industries (OTCMKTS:ACLLY – Get Free Report) and Trimble (NASDAQ:TRMB – Get Free Report) are both industrials companies, but which is the better business? We will compare the two companies based on the strength of their risk, institutional ownership, profitability, earnings, valuation, dividends and analyst recommendations.

Profitability This table compares Accelleron Industries and Trimble’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Accelleron Industries N/A N/A N/A Trimble 12.38% 11.61% 7.32% Valuation and Earnings This table compares Accelleron Industries and Trimble”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Accelleron Industries $1.26 billion 6.92 N/A N/A N/A Trimble $3.59 billion 3.37 $424.00 million $1.90 27.29 Trimble has higher revenue and earnings than Accelleron Industries.

Insider and Institutional Ownership 93.2% of Trimble shares are owned by institutional investors. 0.6% of Trimble shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Volatility & Risk Accelleron Industries has a beta of 1.32, indicating that its share price is 32% more volatile than the S&P 500. Comparatively, Trimble has a beta of 1.38, indicating that its share price is 38% more volatile than the S&P 500.

Analyst Recommendations This is a summary of current recommendations for Accelleron Industries and Trimble, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Accelleron Industries 0 0 0 0 0.00 Trimble 0 2 10 0 2.83 Trimble has a consensus price target of $83.78, indicating a potential upside of 61.58%. Given Trimble’s stronger consensus rating and higher possible upside, analysts plainly believe Trimble is more favorable than Accelleron Industries.

Summary Trimble beats Accelleron Industries on 10 of the 11 factors compared between the two stocks.

About Accelleron Industries (Get Free Report)

Accelleron Industries AG develops, manufactures, sells, and services turbochargers and digital solutions worldwide. It provides solutions and services to marine, power, oil and gas, and rail industries. The company was incorporated in 2021 and is headquartered in Baden, Switzerland.

About Trimble (Get Free Report)

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades. Its Geospatial segment provides surveying and geospatial products, and geographic information systems. The company's Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, including autonomous steering systems, automated and variable-rate application and technology systems, and information management solutions; manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; and agricultural software. Its Transportation segment offers solutions for long haul trucking and freight shipper markets; mobility solutions comprising route management, safety and compliance, end-to-end vehicle management, video intelligence, and supply chain communications; and fleet and transportation management systems, analytics, routing, mapping, reporting, and predictive modeling solutions. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Westminster, Colorado.

Receive News & Ratings for Accelleron Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accelleron Industries and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEIturan Location and Control Ltd. (NASDAQ:ITRN) Receives $60.67 Consensus Price Target from Analysts

NEXT HEADLINE »Analysts Set DeFi Technologies Inc. (NASDAQ:DEFT) Target Price at $2.00

Posted by Defense World Staff on Apr 19th, 2026

Trimble Inc. (NASDAQ:TRMB – Get Free Report) CEO Robert Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. This represents a 38.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Trimble Stock Up 2.4% Shares of NASDAQ:TRMB opened at $69.29 on Friday. The firm has a market cap of $16.08 billion, a P/E ratio of 39.59, a P/E/G ratio of 2.26 and a beta of 1.53. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $55.55 and a 12-month high of $87.50. The business has a fifty day simple moving average of $66.68 and a 200 day simple moving average of $73.96.

Trimble (NASDAQ:TRMB – Get Free Report) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $969.80 million during the quarter, compared to analyst estimates of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.Trimble’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in TRMB. SG Americas Securities LLC increased its position in Trimble by 30.9% in the 3rd quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock valued at $7,843,000 after buying an additional 22,650 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Trimble by 31.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock valued at $11,944,000 after buying an additional 35,015 shares in the last quarter. Essex Investment Management Co. LLC increased its position in Trimble by 168.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock valued at $3,729,000 after buying an additional 28,676 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Trimble by 123.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock valued at $19,375,000 after buying an additional 131,056 shares in the last quarter. Finally, Barclays PLC increased its position in Trimble by 17.5% in the 3rd quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock valued at $68,555,000 after buying an additional 124,772 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets Several research firms have recently weighed in on TRMB. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Robert W. Baird lowered their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Wall Street Zen lowered Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $92.78.

Get Our Latest Stock Analysis on TRMB

Trimble Company Profile (Get Free Report)

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.

Featured Stories Five stocks we like better than Trimble

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEInsider Selling: Porch Group (NASDAQ:PRCH) COO Sells $571,817.16 in Stock

NEXT HEADLINE »Rhea Posedel Sells 7,500 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

CHICAGO--(BUSINESS WIRE)--AArete, a leading global management and technology consulting firm, announced today that founder and CEO Loren Trimble has been named a recipient of a Lifetime Achievement award from Consulting Magazine as part of its Top Consultants 2026 awards. The award will honor Trimble’s four-decade career in consulting and 18 years leading AArete.

"Excellence is a core value he lives out every single day. He built this firm on a foundation of genuine care for clients and colleagues alike, and our culture flows directly from his leadership," said Maulik Bhagat, executive vice president at AArete.

Share Trimble will receive the award during a June 25 ceremony at the Marriott Marquis in New York City. Consulting Magazine’s Top Consultants 2026 awards spotlight the consulting profession’s most influential senior leaders, whose work produces measurable client impact, advances firm capabilities and shapes the industry.

“On behalf of all of us at AArete, I want to congratulate Loren on this well-deserved honor,” said Maulik Bhagat, executive vice president and senior managing director at AArete. “Anyone who has worked with him knows that excellence is a core value he lives out every single day. He built this firm on a foundation of genuine care for clients and colleagues alike, and our culture flows directly from his leadership. Loren has made an enduring mark on this industry and on his clients, and Consulting Magazine could not have chosen a more worthy recipient.”

A recognized leader in the consulting sector and a previous recipient of leadership awards from Consulting Magazine and Consulting.us, Trimble has impacted countless clients over his career. He began his career with Arthur Andersen in 1986, becoming a partner and establishing the company’s Strategic Sourcing Services division during his 16 years at the firm. In 2002, he joined Huron Consulting Group as managing director and strategic sourcing practice lead.

Trimble established AArete in 2008 with the goal of building a consulting firm that nurtures long-term client partnerships, choosing the firm’s name after a Greek word that embodies excellence, goodness and virtue. Over the past 18 years, AArete has grown into a global management and technology consulting firm that is more than 500 team members strong. In 2025, AArete entered a strategic partnership with Parthenon Capital to accelerate solution innovation for clients and position the firm for transformational growth.

“Loren’s leadership sets the standard for who we are at AArete,” said Duane Harrington, executive vice president and senior managing director at AArete. “He brings our vision and mission to life every day through his decisions, his integrity and his unwavering commitment to our people and clients. We are grateful for the example he sets and the culture of purpose and excellence he continues to build.”

Over the past 18 years, AArete has built deep expertise serving U.S. health plans of all sizes, including Medicaid, Medicare, ACA Marketplace and commercial plans. AArete is a trusted total cost of care advisor to payers who are working to reduce trend and improve affordability without compromising quality or the member experience.

The firm’s AI-enabled proprietary solutions include provider contract, policy and benefit intelligence, powered by the patented Doczy.ai™, and AArete Payment Intelligence®, which goes beyond traditional payment integrity solutions by identifying and fixing root causes across the entire payment ecosystem to unlock value and deliver a clear ROI.

Under Loren’s leadership, AArete has been named a Forbes World’s Best Consulting Firm four years in a row in the categories of Healthcare, Digital Transformation, Data Analytics and Big Data. AArete was also recognized as a Top Workplace in 2026 by USA Today, based upon an independent employee survey.

“I am humbled and honored to be recognized by Consulting Magazine among such accomplished industry leaders,” Trimble said. “I’ve had the privilege of working alongside exceptional colleagues and clients who have challenged and inspired me every step of the way. Building AArete from the ground up, and watching it grow into a global firm known not only for delivering results but for its culture of care, is what I’m most proud of. Excellence in client delivery has always been my North Star, and to have that commitment recognized in this way is very meaningful to me.”

About AArete

AArete is a global management and technology consulting firm specializing in driving profitability improvement, digital transformation, and strategy & change for clients. AArete’s solutions are powered by a digital-first mindset, market intelligence and data-driven approach to deliver purposeful change, actionable insights and guaranteed results. AArete humanizes data by translating numbers into actionable insights, helping clients make better decisions and standing by their side to foster change with confidence, empathy and purpose. For more information, visit aarete.com.

Looking for bargain artificial intelligence (AI) stocks? You aren't the only one.

In fact, given how fast the AI market has been growing, it's even getting hard to find reasonably priced AI stocks. Take Micron Technology (MU 1.02%), for example. Its share price is up more than 550% in the past year.

Today's Change

(

-1.02

%) $

-10.15

Current Price

$

985.72

But that doesn't mean there aren't some hidden gems out there if you know where to look. And one such hidden gem is Trimble (TRMB +0.84%). Here's why this under-the-radar stock could be your ticket to millionaire status.

A surprise opportunity Trimble didn't start out as an AI company. It was founded in 1978, providing radio navigation and GPS devices to the construction and defense industries. In 1999, the company added surveying software to its product lineup and, since then, has added 3D scanning and imaging technology, as well as AI-powered geospatial mapping technology, to its arsenal.

Image source: Getty Images.

Geospatial mapping technology wasn't seen as a major growth industry until the twin crazes of self-driving vehicles and autonomous robotics took the market by storm. Trimble's leading position in this niche has helped its software and services revenue skyrocket. In fact, 72% of the company's revenue now comes from software and services.

Trimble has been aggressively expanding its AI offerings, including through a new partnership between its SketchUp 3D modeling software and Anthropic's Claude. With Trimble's stock trading more than 20% off its one-year highs, major AI investors like Cathie Wood have been picking up shares.

Investors looking for a reasonably valued AI stock with big growth potential as their ticket to millionaire status should take a closer look at Trimble.

Today's Change

(

0.84

%) $

0.42

Current Price

$

50.42

John Bromels has positions in Micron Technology. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool recommends Trimble. The Motley Fool has a disclosure policy.

May 6 (Reuters) - Navigation equipment maker Trimble (TRMB.O), opens new tab on Wednesday raised its annual forecast after strong first-quarter results, ​riding on steady demand for its product bundle ‌tailored for the construction and transportation sectors.

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

The Westminster, Colorado-based company has integrated its navigation equipment with software solutions ​that gather data, analyze it and provide ​actionable insights, helping clients streamline their workflows.

It ⁠now expects total revenue of $3.84 billion-$3.92 billion ​for 2026, above its previous forecast of $3.81 billion-$3.91 billion.

Annual ​adjusted earnings per share is forecast to be between $3.47 and $3.64, slightly higher than the previous expectation between $3.42 to $3.62.

Trimble has ​been shifting from a hardware-driven to a ​software-services-focused model.

First-quarter revenue was $939.9 million — on top of analysts' average ‌expectation ⁠of $905.6 million, according to data compiled by LSEG

Adjusted earnings of $0.79 per share beat estimates of $0.72 per share for the quarter ended March 31.

The company ​has also benefited ​from its "connect-to-scale" ⁠strategy, designed to link hardware, software and cloud solutions across the construction, ​geospatial and transportation sectors.

Trimble expects second-quarter ​revenue ⁠between $938 million and $963 million, the midpoint of which is above analysts' estimate of about $946 million.

It forecast adjusted ⁠earnings ​per share between $0.78 and $0.82 for ​the quarter, the midpoint of which is in line with ​estimates of $0.80.

Reporting by Arunesh Sinha; Editing by Joyjeet Das

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Trimble Inc. (TRMB) Q1 2026 Earnings Call Transcript

Key Takeaways TRMB posted Q1 2026 non-GAAP EPS of 79 cents on $940M revenue, both above consensus.TRMB's ARR hit $2.43B; subscription & services were 67% of sales as the software mix kept rising.TRMB raised 2026 outlook to $3.835-$3.915B revenue and $3.47-$3.64 EPS after margin gains. Trimble (TRMB - Free Report) reported first-quarter 2026 non-GAAP earnings of 79 cents per share, which beat the Zacks Consensus Estimate by 9.7% and jumped 29.5% year over year. Revenues of $940 million increased 11.8% year over year and topped the consensus mark by 4%.

The reported quarter reflected continued execution on the company’s connect & scale strategy, supported by a record annualized recurring revenue (ARR) base of $2.43 billion, up 13% on an organic basis.

TRMB’s Top Line Split Shows Software Weight RisingIn the first quarter, subscription and services contributed $628.7 million (67% of revenues) and product revenues added $311.2 million (33% of revenues). The mix underscores the company’s steady shift toward a more recurring profile. Subscription and services increased 10.5% year over year, while product revenues increased 14.6%.
 

Segment-wise, AECO (Architects, Engineers, Construction, Owners) delivered $391.1 million of revenue, Field Systems generated $409.2 million, and Transportation & Logistics contributed $139.6 million. The portfolio balance helped the company post growth even as management acknowledged a constrained freight market.

Trimble’s AECO Engine Builds on Global ExpansionTrimble’s AECO segment produced 14% organic revenue growth, supported by cross-sell and upsell and the global expansion of Trimble Construction One. Segment ARR reached a record $1.51 billion, also up 14% organically, as the company extended the reach of its construction platform into the Asia Pacific.

Profitability improved meaningfully in AECO. Operating income margin expanded 420 basis points (bps) year over year to 31.5%, reflecting recurring revenue growth and operating expense leverage. Management also highlighted continued progress in bringing ProjectSight to Europe, supporting a broader international go-to-market motion.

TRMB’s Field Systems Demand Stayed Solid in CivilTRMB’s Field Systems segment posted 12% organic growth in both revenues and ARR. Management cited strength in civil construction, with infrastructure and data center end markets supporting demand, while the segment continued absorbing headwinds from model conversions to recurring revenues.

The company pointed to civil construction and geospatial demand tied to road construction, solar, manufacturing and data center projects. ARR growth was driven by subscription offerings, including WorksPlus machine control, Positioning Services and Trimble Business Center, along with extended warranties.

Trimble’s Transportation Unit Leans Into AI-Led WorkflowTrimble’s Transportation & Logistics segment delivered 7% organic revenue growth and 9% organic ARR growth on an as-adjusted basis. Operating income margin increased 300 bps year over year to 24.2%, as the team worked through stranded costs after the Mobility divestiture.

Management emphasized accelerating AI initiatives across the portfolio. The company noted it is monetizing AI through a mix of license-based and consumption-based models, including autonomous procurement and autonomous quotation in transportation. Trimble also discussed the SketchUp integration with Anthropic’s Claude, positioned as a path to expand the addressable market by converting new users into downstream SketchUp subscriptions.

TRMB’s Q1 Margins Expanded Y/YNon-GAAP profitability improved in the quarter, with gross margin at 71%, an expansion of 110 basis points (bps) year over year.

Adjusted EBITDA was $257.7 million, translating to a 27.4% margin, up 150 bps year over year.

Non-GAAP operating income margin was 25.9% versus 23.6% reported in the year-ago quarter.

Trimble’s Balance Sheet Remains StrongTRMB ended the quarter with $234.1 million in cash and equivalents and total debt of $1.413 billion.

Cash generation remained strong. Free cash flow was $268.6 million compared with $149.0 million in the year-ago period, supported by operating cash flow of $274.7 million and capital expenditures of $6.1 million.

During the quarter, the company repurchased about 4.7 million shares for $316.9 million, with $608 million remaining under its current authorization.

Trimble Raises 2026 Guidance After Strong StartTrimble raised its 2026 outlook. The company expects revenues of $3.835-$3.915 billion and non-GAAP earnings of $3.47-$3.64 per share. Organic ARR growth is projected at 12%-14%.

The company’s updated 2026 view also indicates a non-GAAP operating margin of 27.9%-28.5% and an adjusted EBITDA margin of 29.4%-30.0%.

For the second quarter of 2026, Trimble expects revenue of $938-$963 million and non-GAAP earnings of 78-82 cents per share.

Zacks Rank & Stocks to ConsiderTrimble currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Industrial Product sector that are set to report their quarterly results are Broadwind Energy (BWEN - Free Report) , Enersys (ENS - Free Report) and EquipmentShare.com (EQPT - Free Report) . Each of the three stocks carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Broadwind Energy, Enersys and EquipmentShare.com are set to report their respective quarterly results on May 12, 13, and 20. Year to date, shares of Broadwind Energy and EquipmentShare.com have dropped 30% and 36.4%, respectively, while Enersys has returned 52.7%.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Trimble® (Nasdaq: TRMB) announced today that its Chief Executive Officer, Rob Painter, will participate in a fireside chat at the J.P. Morgan 2026 Global Technology, Media and Communications Conference on Monday, May 18, 2026 at 2:50pm Eastern Time.

A live webcast and replay of the presentation will be available through Trimble's investor relations website at investor.trimble.com. Please go to the website 15 minutes early to register, download and install any necessary software. More information will be available on investor.trimble.com.

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.

FTRMB

SOURCE Trimble

Also from this source

Trimble Navigation (TRMB - Free Report) has been beaten down lately with too much selling pressure. While the stock has lost 20.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.

Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.

Why TRMB Could Bounce Back Before LongThe heavy selling of TRMB shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 24.06. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.

The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for TRMB has increased 0.1%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.

Moreover, TRMB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Key Takeaways Samsara added 133 new $100K ARR customers in Q2 fiscal 2026, bringing the total to 2,771.IOT expects fiscal 2027 revenue growth of 21-22% with non-GAAP operating margin at 19%.Trimble reported 79% recurring revenue mix in 2025 as software and AI tools drive ARR growth. Samsara (IOT - Free Report) and Trimble (TRMB - Free Report) are two important players in the digitization of physical operations and industrial workflows. While Samsara provides AI-powered IoT devices, telematics systems and connected operations software for fleet management and industrial monitoring, Trimble delivers construction, geospatial, engineering and workflow solutions that connect the physical and digital worlds.

As the world is moving toward Industry 4.0, the advent of AI has transformed every industry. Samsara and Trimble are expected to gain from this shift. Considering the possibilities of multi-directional growth in physical operations led by digitization and AI implementation, both companies are likely to capitalize on the emerging trends. Given this scenario, let's closely examine the fundamentals of the two companies, so investors can make an informed bet.

The Case for Samsara StockSamsara is gaining from the adoption of its Connected AI Platform and IOT trackers, telematics and video monitoring devices and is gaining market share among vehicle OEMs and fleet management companies. Samsara added 133 new $100K+ ARR customers, bringing the total to 2,771 in the second quarter of fiscal 2026. The company ended the second quarter of fiscal 2026 with 147 $1 million-plus ARR customers.

The company continues to benefit from strong adoption among large enterprise customers, with ARR from customers contributing more than $100,000 annually, rising 37% year over year to $1.2 billion. Larger customers typically adopt multiple Samsara products, which improves platform monetization without proportionally increasing customer acquisition costs. Another important factor supporting margin expansion is disciplined expense management.

Samsara’s expanding mix of multi-product enterprise deployments also strengthens its long-term margin profile. In the fourth quarter, nine of the company’s top 10 net new ACV deals included two or more products, while six included four or more products. Offerings launched over the last two years accounted for 23% of net new ACV in the fourth quarter. This demonstrates that customers increasingly view Samsara as a mission-critical connected operations platform rather than a point solution provider.

Samsara is also seeing strong multiproduct adoption. About 96% of customers with more than $100,000 in ARR now use at least two products, while 69% use three or more. The company delivered strong operating leverage in fiscal 2026 as non-GAAP operating margin expanded to 17% from 9% in fiscal 2025, while fourth-quarter non-GAAP operating margin reached 21%, up from 16% a year ago.

Management expects the momentum to continue in fiscal 2027 with guidance calling for a 19% non-GAAP operating margin alongside revenue growth of 21-22%. The Zacks Consensus Estimate for the fiscal 2027 earnings is pegged at 69 cents per share. The figure has remained unchanged in the past 60 days.

Image Source: Zacks Investment Research

The Case for Trimble StockTrimble is shifting from being a traditional hardware company to a connected workflow platform built around the physical and digital worlds. Trimble has two open cloud platforms in construction and transportation, with software, subscriptions and services playing a steadily larger role in the mix. The company also emphasizes AI, machine learning and computer vision across its products, positioning itself as a provider of industry-specific tools that help customers work more efficiently, safely and sustainably.

That strategy is showing up in the numbers. For 2025, Trimble reported $3.59 billion in revenues, $2.39 billion in ARR, and a recurring revenue mix that represented 79% of total revenues. Organic ARR growth reached 14%, signaling that the shift toward subscription and services is not just a narrative but a real operating trend. In the first quarter of 2026, the momentum continued with revenues of $940 million, ARR of $2.435 billion, and double-digit organic growth across the company, led by AECO and Field Systems.

AECO remains one of Trimble’s most important growth engines. The segment serves architects, engineers, contractors and owners through software that spans design, BIM, construction management and asset lifecycle tools. Trimble is also using AI to create new monetization paths. Trimble is already monetizing software and AI through named-user licenses, while also building toward hybrid models that combine subscriptions with consumption.

The strength of the model is reinforced by scale and balance sheet discipline. Trimble said more than 30 million projects have been created in Trimble Connect, with over 50 million users since inception and more than 130 integrations in its marketplace. Trimble is turning a broad set of point solutions into a more unified platform where data, workflow and AI reinforce one another. Nevertheless, its business still carries risks, including less visibility in hardware and macro uncertainty, but the direction of travel is favorable.

The Zacks Consensus Estimate for TRMB’s 2026 revenues is pegged at $3.88 billion, indicating year-over-year growth of 8%. The consensus estimate for TRMB’s 2026 earnings is pegged at $3.56 per share, indicating year-over-year growth of 13.7%.

Image Source: Zacks Investment Research

Stock Price Performance and Valuation of TRMB & IOTShares of TRMB and IOT have plunged 28.1% and 12.1%, respectively, year to date.

IOT vs TRMB YTD Performance Chart
Image Source: Zacks Investment Research

IOT is trading at a forward 12-month Price to Sales ratio of 8.67X, which is lower than its median of 11.63X. TRMB is trading at a forward sales multiple of 3.28X, lower than its median of 11.63X.

Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research

Conclusion: TRMB vs. IOTWhile both Samsara and Trimble are benefiting from the broader digitization of physical operations, Samsara currently appears to offer the stronger growth profile, cleaner execution story and larger long-term upside, making IOT the better buy for growth-oriented investors. Samsara is gaining from the pace of its enterprise expansion and multi-product adoption, driving its long-term growth trend. Given these factors, we suggest IOT to be a safer bet at present.

TRMB and IOT carry a Zacks Rank #3 (Hold) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Trimble to Integrate Omni into Transportation Products, Bringing Real-Time Hotel Booking to Commercial Truck Drivers Across North America

DENVER--(BUSINESS WIRE)--Engine, the travel and spend management platform, today announced the launch of Omni Powered by Engine, which allows companies to integrate Engine's world-class hotel booking experience into a website or app. Omni is a developer-friendly hotel booking API powered by the same technology, reliability, and speed that Engine is built on, all for free. With Omni, companies can integrate Engine’s extensive hotel network and booking capabilities to their own platform, without having to build supplier connectivity, payment infrastructure, search capabilities, compliance systems, or traveler support from scratch.

Trimble, a global industrial technology company, is collaborating with Engine to integrate Omni directly into Trimble Places, a commercial location database including amenity information, wait times and more. Trimble Places connects drivers to over 6 million commercial vehicle locations globally including fuel stops and warehouses.

Omni will also be integrated into Trimble Road Call, a full-serve vehicle breakdown module within Trimble TMT Fleet Maintenance™ solution, and Trimble CoPilot, a commercial-grade, turn-by-turn GPS navigation solution designed for commercial fleets.

Together, these solutions serve nearly 800,000 customers across North America. By integrating Omni into its transportation products, Trimble will provide truck drivers seamless access to hotel booking inside the tools they already rely on, at the moments they need it most.

"We created Omni to be a developer-friendly infrastructure that empowers our partners to integrate seamless hotel booking right into their existing platform," said Elia Wallen, CEO of Engine. "We’re excited to have Trimble as an early collaborator. For customers who live and work on the road, lodging isn't a nice-to-have, it's a core part of the experience. We built Omni to handle the heavy lifting so companies like Trimble can deliver that booking experience without building it themselves."

Engine has over a decade of travel experience and is already trusted by over 1 million travelers and 30,000 businesses. Omni delivers seamless access to over one million properties worldwide, backed by sub-second search performance, real-time rates, integrated payments, and 24/7 traveler support. With Omni powered by Engine, partners get all the capabilities with none of the operational overhead. The integration platform includes clean API documentation, no volume minimums, and a full sandbox environment.

Core differentiators include a quick-start integration path, AI-powered content enrichment, personalization, payment flexibility, and infrastructure that scales from a first booking to millions.

“At Trimble, our mission is to transform the way the world works, which includes providing drivers with the essential tools they need to succeed on the road,” said Seth Handler, director, partnerships and channel sales at Trimble. “By integrating Omni by Engine into Trimble solutions, we’re removing friction from one of the most critical aspects of a driver’s day: finding a safe and reliable place to rest. This collaboration allows us to deliver real-time hotel booking capabilities directly within our ecosystem, enhancing the driver experience without requiring them to leave the platforms they already trust.”

“For the millions of professionals who spend their working lives on the road, access to convenient, affordable, and reliable lodging is one of the most practical ways a technology platform can improve their experience,” said Wallen. “For companies like Trimble, Omni can create a new product capability that deepens the value they deliver to customers and strengthens the role their platform plays in those customers' daily operations.”

Omni powered by Engine is available now. Developers and organizations can visit omni.engine.com to learn more, explore documentation, and contact Engine to discuss opportunities.

The Omni integration with Trimble Places is currently available in North America. The integrations with Trimble CoPilot® in-cab navigation solution and Trimble TMT Fleet Maintenance are expected to be available for customers in North America in the near future.

About Engine

Engine is a modern business and group travel platform trusted by over one million travelers. Engine saves businesses time and money through an extensive travel network that connects to nearly every hotel, airline, and car rental company in the U.S. It offers single invoice billing, the flexibility to modify or cancel trips without incurring additional fees, and a unified view of all company travel and spend. Customers rely on Engine to not only make travel easier to manage but also to make it enjoyable for everyone involved. Additionally, Engine helps coordinate room blocks for corporate offsites, sports teams, weddings, family reunions and more to help people get together in person. The company is backed by Telescope Partners, Blackstone, Elefund, and Permira. Learn more at engine.com.

About Trimble

Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble, visit: www.trimble.com.