About Trimble Inc.
Trimble Inc. (NASDAQ: TRMB) is a U.S.-based technology company that provides advanced positioning, modeling, connectivity, and data analytics solutions. Founded in 1978, Trimble helps organizations improve productivity, quality, safety, and sustainability across industries such as construction, agriculture, geospatial surveying, transportation, and utilities. By combining hardware (like GPS and sensors), software, and cloud-based platforms, Trimble enables customers to digitize workflows and make more informed, real-time decisions throughout the asset lifecycle.
4Q 2025 Financial Highlights
Trimble reported fourth quarter 2025 revenue of $969.8 million, reflecting a 1% decline year over year, while organic revenue grew by 4%. Annualized recurring revenue (ARR) increased to $2.39 billion, up 6% compared to the prior year and up 14% on an organic basis.
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.