TRMB
FY2026 Q1 · Calendar Q2 2026
Trimble Inc.
Trimble delivered a convincing Q1 FY2026 beat — revenue of $939.9M (up 12% YoY) exceeded estimates by 3.8% and EPS of $0.79 topped consensus by 9.7%. ARR grew 13% to $2.435B, and management raised full-year guidance to $3.875B revenue and $3.55 EPS. The call emphasized AI-driven product extensions (SketchUp-Claude integration, Document Crunch acquisition), consumption-based licensing with high token utilization, and continued cross-selling through the Connect & Scale platform. Yet the market reaction was decisively negative: shares fell 7.2% on the event session on 2.8x normal volume and drifted another 12% lower subsequently. The stock now trades at $57.06, well below the $70.50 analyst consensus target. The disconnect between strong fundamentals and a bearish market verdict is the central tension for investors to weigh.
EPS surprise+9.7%
Market move-7.2%
