Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1763.0%
Neutral933.3%
Bearish13.7%
Trimble Inc. · TRMB · FY2024 Q4 · Calendar Q1 2025
Trimble’s Q4 execution lifted guidance as recurring revenue scaled
The current analysis supports a constructive but conditional view: Trimble’s recurring-revenue mix, margin expansion, TC1 adoption and AI productivity initiatives strengthen the operating trajectory, while freight weakness, construction uncertainty, tariffs, foreign exchange and execution around M&A remain material offsets.
Reported Before market openNASDAQTechnology
$14.01B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.88
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $945.4M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.6%
Event window
SPY move
+0.2%
Same window
Abnormal move
+0.3%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-5.2%
Up to 20 sessions
TRMBSPY benchmark
Ask FN2 about TRMB FY2024 Q4
Transcript, numbers and history already loaded
What drove TRMB's +0.6% move after FY2024 Q4 earnings?What changed in TRMB's guidance and outlook in FY2024 Q4?Give me the bull and bear case for TRMB after FY2024 Q4 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, Q4 introduced a first-time gross-margin result above 70%, completed the mobility divestiture, increased the share-repurchase authorization to $1 billion, and showed record Transporeon bookings despite a weak freight market. Management also moved from prior full-year guidance to raised FY2025 revenue and EPS guidance on a constant-currency basis.
Guidance delta
Management raised FY2025 revenue and EPS guidance on a constant-currency basis after Q4 revenue, ARR and EPS exceeded guidance.
Key takeaways
- Q4 revenue, ARR and EPS beat guidance.
- Recurring revenue reached 62% of total revenue.
- Gross margin exceeded 70% for the first time.
- TC1, AI initiatives and record Transporeon bookings remain key growth themes.
- Capital allocation centers on buybacks and targeted tuck-in acquisitions.
Management priorities
- Continue TC1 rollout in Europe and Asia-Pacific
- Deploy AI agents for internal productivity
- Launch the BX992 field product
- Pursue construction ERP and instruction-software tuck-ins
- Maintain share repurchases and platform investment
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Estimate
Beat
Miss
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Analyst 52W Price Targets
$60.09Previous close
$61Low
$82.33Average
$100High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 8, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 19, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 13, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Aug 13, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 7, 2026 |
| Baird | Outperform | Outperform | Maintain | Mar 30, 2026 |
| Keybanc | Overweight | Sector Weight | Upgrade | Dec 16, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 2, 2023 |
| Edward Jones | Buy | Hold | Upgrade | Apr 5, 2023 |
| Northcoast Research | Sell | Neutral | Downgrade | Mar 7, 2023 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Dec 13, 2022 |
| Wolfe Research | Perform | Peer Perform | Maintain | Aug 17, 2022 |
| Craig-Hallum | Hold | Hold | Maintain | Feb 11, 2021 |
| Needham | Buy | Buy | Maintain | Nov 5, 2020 |
| Berenberg | Buy | Hold | Upgrade | Apr 17, 2018 |
| Dougherty & Co. | Neutral | Buy | Downgrade | Jan 30, 2017 |
| Dougherty | Neutral | Buy | Downgrade | Jan 30, 2017 |
| FBR Capital | Outperform | Outperform | Maintain | May 11, 2016 |
| Wedbush | Outperform | Outperform | Maintain | Dec 1, 2015 |
| PiperJaffray | Overweight | Overweight | Maintain | Oct 30, 2015 |
| MKM Partners | Neutral | Buy | Downgrade | Aug 5, 2015 |
| Boenning & Scattergood | Neutral | Neutral | Maintain | Jan 28, 2015 |
| Janney Montgomery Scott | Neutral | Buy | Downgrade | Jul 2, 2014 |
| Janney Capital | Neutral | Buy | Downgrade | Jul 2, 2014 |
| Lazard | Buy | Neutral | Upgrade | Jun 27, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $60.09. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $80 | $56.99 | +33.1% | Aug 19, 2026 |
| Bernstein | Chad Dillard | $73 | $55.64 | +21.5% | Aug 13, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $52.29 | +1.5% | Jul 14, 2026 |
| Oppenheimer | Analyst unavailable | $80 | $63.42 | +33.1% | May 7, 2026 |
| Oppenheimer | Kristen Owen | $86 | $68.88 | +43.1% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $101 | $80.61 | +68.1% | Jan 12, 2026 |
| KeyBanc | Analyst unavailable | $99 | $80.13 | +64.8% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $94 | $77.02 | +56.4% | Nov 13, 2025 |
| Oppenheimer | Kristen Owen | $102 | $79.72 | +69.7% | Nov 6, 2025 |
| Barclays | Guy Hardwick | $100 | $79.3 | +66.4% | Oct 7, 2025 |
| Berenberg Bank | Analyst unavailable | $95 | $80.21 | +58.1% | Oct 3, 2025 |
| Oppenheimer | Kristen Owen | $88 | $73.96 | +46.4% | Dec 11, 2024 |
| Piper Sandler | Clarke Jeffries | $84 | $61.3 | +39.8% | Nov 7, 2024 |
| Piper Sandler | Clarke Jeffries | $73 | $63.42 | +21.5% | Mar 12, 2024 |
| Piper Sandler | Clarke Jeffries | $68 | $54.69 | +13.2% | Feb 12, 2024 |
| Raymond James | Brian Gesuale | $65 | $53.93 | +8.2% | Sep 29, 2023 |
| Piper Sandler | Clarke Jeffries | $65 | $55.04 | +8.2% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $55.18 | +8.2% | Dec 13, 2022 |
| Piper Sandler | Weston Twigg | $100 | $65.23 | +66.4% | May 20, 2022 |
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Start freeCompany context
Snapshot as of publicationTrimble 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 delivers a comprehensive array of digital tools for the construction sector. This includes software for route planning, 3D design, and data exchange, along with systems for guiding construction machinery and for monitoring and managing assets, personnel, and equipment. The segment also offers advanced Building Information Modeling (BIM), Enterprise Resource Planning (ERP), and project management platforms. Furthermore, it provides integrated solutions for site layout, measurement, cost estimation, scheduling, and project control, alongside specialized applications tailored for subcontractors and various trades. The Geospatial segment focuses on advanced surveying products, geographic information systems (GIS), and related geospatial technologies.…
Historical context
All TRMB earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-11T14:17:18.658032+00:00
- Polygon adjusted daily market bars · 2026-10-12T04:50:45.024630+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T04:50:45.021349+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.