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Trimble
(NASDAQ:TRMB)
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Rating:70Neutral
Price Target:
$54.00
▼(-22.07% Downside)
Action:Reiterated
Date:05/27/26
The score is driven primarily by solid fundamentals (strong margins and a strengthened balance sheet) and a notably positive earnings call with raised guidance and strong ARR/FCF performance. These are offset by weak technicals (downtrend and negative MACD) and a relatively expensive valuation (high P/E, no dividend yield provided).
Positive Factors
High gross & EBITDA margins
Sustained high gross and healthy EBITDA margins reflect pricing power and scalable software/service economics layered on hardware sales. This margin profile supports long-term reinvestment, resilience against cost swings, and the ability to fund R&D and go-to-market expansion over the next several quarters.
Negative Factors
Weak cash conversion
Free cash flow converts only about half of reported earnings and has been volatile across years. This inconsistent cash conversion limits the reliability of cash available for sustained buybacks, debt paydown, or reinvestment, raising execution risk for multi-quarter capital deployment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross & EBITDA margins
Sustained high gross and healthy EBITDA margins reflect pricing power and scalable software/service economics layered on hardware sales. This margin profile supports long-term reinvestment, resilience against cost swings, and the ability to fund R&D and go-to-market expansion over the next several quarters.
Read all positive factors
Trimble Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down sales by region (e.g., North America, EMEA, APAC), revealing where Trimble’s demand is strongest and where it faces economic or currency risk. High concentration in one region increases vulnerability to local slowdowns, while broad international growth signals expansion opportunities and diversification of revenue sources.
Breaks down sales by region (e.g., North America, EMEA, APAC), revealing where Trimble’s demand is strongest and where it faces economic or currency risk. High concentration in one region increases vulnerability to local slowdowns, while broad international growth signals expansion opportunities and diversification of revenue sources.
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The Fly
The FlyTrimble (TRMB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.36B
Dividend YieldN/A
Average Volume (3M)3.20M
Price to Earnings (P/E)27.6
Beta (1Y)1.27
Revenue Growth3.25%
EPS Growth-68.85%
CountryUS
Employees12,100
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.92
Shares Outstanding233,111,530
10 Day Avg. Volume3,741,071
30 Day Avg. Volume3,198,413
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)3.19
Price to Sales (P/S)5.18
P/FCF Ratio139.61
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue3.41
Enterprise Value/Gross Profit5.01
Enterprise Value/Ebitda15.36
Forecast
1Y Price Target
$82.67Price Target Upside19.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)3.58
Revenue Forecast (FY)$3.89B
Trimble Business Overview & Revenue Model
Company Description
Trimble Inc. develops and supplies technology solutions globally, empowering professionals and field workers to significantly improve or revolutionize their operational workflows. Through its Buildings and Infrastructure segment, the company deliv...
How the Company Makes Money
Trimble makes money by selling a mix of software, services/subscriptions, and hardware-enabled solutions that are typically deployed as integrated systems. Key revenue streams include: (1) Software and subscriptions: Recurring revenue from cloud a...
Trimble Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial quarter: solid top-line beats, record ARR, margin expansion, strong free cash flow and meaningful capital returns. Segment performance (notably AECO, Field Systems and Transportation) and strategic moves in AI and M&A (Document Crunch, SketchUp-Claude integration) reinforce growth and monetization pathways. Offsetting factors include reduced visibility in hardware, near-term OpEx timing pressures in Field Systems, and macro/geopolitical risks that introduced conservatism into guidance. On balance, the positive results, raised guidance and strategic progress materially outweigh the near-term risks and conservatism.Positive Updates
Top-line Beat and ARR Growth
Q1 revenue $940M, up 12% year-over-year; ARR $2.435B, up 13% year-over-year (record ARR) — both ahead of expectations and driving recurring revenue momentum.
Negative Updates
Hardware Visibility and Conservatism
Management cited reduced visibility in the hardware business (Field Systems) and conservative assumptions for the back half due to tougher comps and macro uncertainty, limiting a larger full-year guide raise despite a strong Q1 beat (only $15M added to FY midpoint).
Read all updates
Q1-2026 Updates
Positive
Negative
Top-line Beat and ARR Growth
Q1 revenue $940M, up 12% year-over-year; ARR $2.435B, up 13% year-over-year (record ARR) — both ahead of expectations and driving recurring revenue momentum.
Read all positive updates
Company Guidance
Trimble raised and affirmed 2026 guidance with a full‑year revenue midpoint of $3.875 billion (a $15M raise, ~8% growth), EPS guidance of $3.55, midpoint ARR growth of 13%, and expected EBITDA margins of 29.7%; management also guided Q2 midpoints of $950 million revenue (~7.5% growth), $0.80 EPS, 13% ARR growth and a 27.7% EBITDA margin (30 bps y/y expansion), and said free cash flow should be approximately 1x non‑GAAP net income with a goal of FCF > non‑GAAP net income over the long term. Those targets lean on a strong Q1 print—revenue $940M (+12%), record ARR $2.435B (+13%), reported EPS $0.79 (above the high end), gross margin 71%, EBITDA margin 27.4% (+150 bps), FCF $275M, $234M cash and 1.1x leverage—and management reiterated the Investor Day 2027 objectives of $3B ARR, $4B revenue and 30% EBITDA margins.Trimble Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
80
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.69B | 3.59B | 3.68B | 3.80B | 3.68B | 3.66B |
| Gross Profit | 2.51B | 2.45B | 2.40B | 2.33B | 2.11B | 2.03B |
| EBITDA | 818.60M | 763.70M | 2.33B | 768.60M | 747.40M | 819.90M |
| Net Income | 456.20M | 424.00M | 1.50B | 311.30M | 449.70M | 492.80M |
Balance Sheet | ||||||
| Total Assets | 8.99B | 9.31B | 9.49B | 9.54B | 7.27B | 7.10B |
| Cash, Cash Equivalents and Short-Term Investments | 234.10M | 253.40M | 738.80M | 229.80M | 271.00M | 325.70M |
| Total Debt | 1.41B | 1.39B | 1.54B | 3.19B | 1.63B | 1.45B |
| Total Liabilities | 3.35B | 3.48B | 3.74B | 5.04B | 3.22B | 3.15B |
| Stockholders Equity | 5.64B | 5.84B | 5.75B | 4.50B | 4.05B | 3.94B |
Cash Flow | ||||||
| Free Cash Flow | 252.80M | 133.20M | 497.80M | 555.10M | 348.00M | 704.40M |
| Operating Cash Flow | 505.30M | 386.20M | 531.40M | 597.10M | 391.20M | 750.50M |
| Investing Cash Flow | -27.60M | -37.00M | 1.86B | -2.07B | -226.30M | -203.50M |
| Financing Cash Flow | -543.20M | -868.40M | -1.86B | 1.43B | -199.00M | -447.70M |
Trimble Technical Analysis
Neutral
69.29
Price Trends
56.76
Negative
61.79
Negative
70.01
Negative
Market Momentum
-1.34
Negative
51.11
Neutral
87.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRMB, the sentiment is Neutral. The current price of 69.29 is above the 20-day moving average (MA) of 51.18, above the 50-day MA of 56.76, and below the 200-day MA of 70.01, indicating a neutral trend. The MACD of -1.34 indicates Negative momentum. The RSI at 51.11 is Neutral, neither overbought nor oversold. The STOCH value of 87.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TRMB.
Trimble Risk Analysis
Trimble disclosed 29 risk factors in its most recent earnings report. Trimble reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Trimble Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $30.21B | 32.80 | 8.85% | ― | 7.74% | 12.76% | |
76 Outperform | $53.64B | 51.62 | 17.44% | ― | 19.19% | 42.75% | |
75 Outperform | $50.14B | 58.74 | 17.26% | ― | 8.14% | 10.64% | |
72 Outperform | $35.76B | 42.14 | 62.42% | 0.14% | 17.80% | 55.75% | |
70 Neutral | $12.36B | 27.63 | 7.95% | ― | 3.25% | -68.85% | |
64 Neutral | $19.10B | 37.07 | 7.39% | 0.43% | -23.36% | -26.77% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
TRMB
Trimble
53.04
-25.84
-32.75%
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Trimble Corporate Events
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Trimble Shareholders Approve Proposals at 2026 Annual Meeting
Neutral
May 27, 2026
On May 26, 2026, Trimble held its 2026 annual meeting of stockholders, where shareholders elected eight directors to serve for the coming year following the previously announced resignation of director Mark S. Peek, which led the board to reduce i...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Trimble Strengthens Audit Oversight With New Committee Chair
Positive
May 26, 2026
Trimble announced that its Board has appointed Thomas Sweet as Chair of the Audit Committee, effective immediately. In this role, Sweet will oversee the remediation of the company’s material weaknesses in internal controls, a process Trimble...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.