About Trimble Inc.
4Q 2025 Financial Highlights
GAAP operating income for the quarter was $216.2 million, representing 22.3% of revenue, while non-GAAP operating income was $313.1 million, or 32.3% of revenue. GAAP net income stood at $156.6 million, and non-GAAP net income was $240.8 million.
Diluted earnings per share were $0.65 on a GAAP basis and $1.00 on a non-GAAP basis. Adjusted EBITDA totaled $324.8 million, accounting for 33.5% of revenue. During the quarter, Trimble repurchased approximately 1.9 million shares for $148.1 million.
Fiscal 2025 Financial Highlights
During fiscal 2025, Trimble reported revenue of $3,587.3 million, reflecting a 3% decline year over year, while delivering a 6% increase on an organic basis. GAAP operating income stood at $592.0 million, representing 16.5% of revenue, whereas non-GAAP operating income was higher at $988.1 million, or 27.5% of revenue. GAAP net income for the year was $424.0 million, compared with non-GAAP net income of $756.3 million. Diluted earnings per share were $1.76 on a GAAP basis and $3.13 on a non-GAAP basis. Adjusted EBITDA totaled $1,046.2 million, accounting for 29.2% of revenue. Additionally, during fiscal 2025, the company repurchased approximately 12.2 million shares for a total value of $875.4 million.
Forward-Looking Guidance
For full-year 2026, Trimble expects revenue to be in the range of $3,810 million to $3,910 million, with GAAP earnings per share of $2.04 to $2.23 and non-GAAP earnings per share of $3.42 to $3.62, based on an assumed share count of approximately 239 million. The GAAP guidance assumes an effective tax rate of 22.0%, while the non-GAAP guidance assumes a tax rate of 17.5%.
For the first quarter of 2026, the company anticipates revenue between $893 million and $918 million, GAAP earnings per share of $0.32 to $0.36, and non-GAAP earnings per share of $0.69 to $0.74, also based on approximately 239 million shares outstanding. The GAAP outlook assumes a tax rate of 25.0%, while the non-GAAP outlook assumes a tax rate of 17.5%.
The company has provided a reconciliation of non-GAAP measures to the most directly comparable GAAP measures, along with additional details, in the supplemental reconciliation schedule attached.