Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1763.0%
Neutral933.3%
Bearish13.7%
Trimble Inc. · TRMB · FY2025 Q1 · Calendar Q2 2025
Trimble Maintains Guidance as ARR Growth and AI Initiatives Advance
The call provides support for a constructive longer-term operating case through recurring-revenue growth, AI-enabled products, and subscription adoption. That case remains conditional because guidance was maintained rather than raised and management cited macro, tariff, sales-cycle, and divestiture-cost uncertainties.
Reported Before market openNASDAQTechnology
$14.00B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.58
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $810.9M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.7%
Event window
SPY move
+0.4%
Same window
Abnormal move
+4.3%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+7.3%
Up to 20 sessions
TRMBSPY benchmark
Ask FN2 about TRMB FY2025 Q1
Transcript, numbers and history already loaded
What drove TRMB's +4.7% move after FY2025 Q1 earnings?What changed in TRMB's guidance and outlook in FY2025 Q1?Give me the bull and bear case for TRMB after FY2025 Q1 earnings.
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Transcript intelligence
What changed
Compared with the prior quarter, the company shifted from raised guidance to maintained guidance with a more conservative tone. The current analysis adds evidence of 17% organic ARR growth, 25% field-systems subscription ARR growth, continued AI rollout, and ongoing cross-sell opportunities, while tariff and demand risks remain central.
Guidance delta
Guidance was maintained, but management took a modestly more conservative stance amid macro uncertainty.
Key takeaways
- Management described revenue and ARR as ahead of expectations, with organic ARR growth of 17%.
- Subscription-based field systems showed 25% ARR growth, with more than half of new bookings from new logos.
- AI remains a strategic priority across internal operations and customer-facing construction software.
- The outlook still faces tariff, sales-cycle, public-sector, and divestiture-cost risks.
Management priorities
- Expand AI capabilities in internal operations and customer solutions.
- Cross-sell and upsell Trimble Construction One bundles.
- Scale subscription-based machine-control and Guidance-as-a-Service offerings.
- Invest in data-center, renewable, and mining opportunities, particularly in Europe.
- Maintain disciplined capital allocation and subscription-model growth.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$59.83Current
$61Low
$82.33Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 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 |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Aug 19, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 13, 2026 |
| JP Morgan | 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 current price $59.83. 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 | +33.7% | Aug 19, 2026 |
| Bernstein | Chad Dillard | $73 | $55.64 | +22.0% | Aug 13, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $52.29 | +2.0% | Jul 14, 2026 |
| Oppenheimer | Analyst unavailable | $80 | $63.42 | +33.7% | May 7, 2026 |
| Oppenheimer | Kristen Owen | $86 | $68.88 | +43.7% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $101 | $80.61 | +68.8% | Jan 12, 2026 |
| KeyBanc | Analyst unavailable | $99 | $80.13 | +65.5% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $94 | $77.02 | +57.1% | Nov 13, 2025 |
| Oppenheimer | Kristen Owen | $102 | $79.72 | +70.5% | Nov 6, 2025 |
| Barclays | Guy Hardwick | $100 | $79.3 | +67.1% | Oct 7, 2025 |
| Berenberg Bank | Analyst unavailable | $95 | $80.21 | +58.8% | Oct 3, 2025 |
| Oppenheimer | Kristen Owen | $88 | $73.96 | +47.1% | Dec 11, 2024 |
| Piper Sandler | Clarke Jeffries | $84 | $61.3 | +40.4% | Nov 7, 2024 |
| Piper Sandler | Clarke Jeffries | $73 | $63.42 | +22.0% | Mar 12, 2024 |
| Piper Sandler | Clarke Jeffries | $68 | $54.69 | +13.7% | Feb 12, 2024 |
| Raymond James | Brian Gesuale | $65 | $53.93 | +8.6% | Sep 29, 2023 |
| Piper Sandler | Clarke Jeffries | $65 | $55.04 | +8.6% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $55.18 | +8.6% | Dec 13, 2022 |
| Piper Sandler | Weston Twigg | $100 | $65.23 | +67.1% | 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 · 2025-04-25T23:39:36.997111+00:00
- Polygon adjusted daily market bars · 2026-10-09T18:30:44.368770+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T18:30:44.366076+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 2026-10-09. For educational purposes only; not investment advice.