Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1763.0%
Neutral933.3%
Bearish13.7%
Trimble Inc. · TRMB · FY2025 Q4 · Calendar Q1 2026
Trimble exits 2025 with strong recurring-revenue and AI momentum
The supplied analysis supports a constructive but qualified view: recurring-revenue expansion, AI adoption, cross-selling, and platform rollout provide growth support, while Field Systems conversion, macro sensitivity, and AI monetization remain important tests.
Reported Before market openNASDAQTechnology
$13.45B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.00
Consensus $0.96
EPS surprise
+4.2%
Reported versus consensus
Reported revenue
$969.8M
Consensus $950.0M
Revenue surprise
+2.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.9%
Event window
SPY move
-0.3%
Same window
Abnormal move
+3.2%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
-1.9%
Up to 20 sessions
TRMBSPY benchmark
Ask FN2 about TRMB FY2025 Q4
Transcript, numbers and history already loaded
Why did TRMB rise 2.9% after beating EPS estimates in FY2025 Q4?What changed in TRMB's guidance and outlook in FY2025 Q4?Give me the bull and bear case for TRMB after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis shows Q4 and full-year 2025 momentum carrying into 2026, with recurring revenue at 65% of total and AI-enabled products generating more than $100 million in revenue. Management maintained 2026 guidance and emphasized agentic AI, global platform expansion, cross-selling, and tuck-in acquisitions.
Guidance delta
2026 guidance was maintained; the supplied analysis describes modest revenue growth and targeted EBITDA margin expansion.
Key takeaways
- Q4 revenue and ARR beat expectations, supporting momentum into 2026.
- Recurring revenue reached 65% of total, while software and services reached 79%.
- AI-enabled products now generate more than $100 million of company revenue, according to management's supplied analysis.
- Management highlighted cross-sell, geographic expansion, agentic AI, and disciplined capital allocation as growth priorities.
Management priorities
- Accelerate agentic AI capabilities across AECO and transportation and logistics.
- Continue the global rollout of Trimble Construction One in Europe and Asia Pacific.
- Expand cross-selling through the Connect & Scale platform.
- Pursue tuck-in acquisitions in high-growth construction software.
- Maintain share repurchases and focus capital on high-return projects.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$57.69Current
$61Low
$82.33Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 25, 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 $57.69. 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 | +38.7% | Aug 19, 2026 |
| Bernstein | Chad Dillard | $73 | $55.64 | +26.5% | Aug 13, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $52.29 | +5.7% | Jul 14, 2026 |
| Oppenheimer | Analyst unavailable | $80 | $63.42 | +38.7% | May 7, 2026 |
| Oppenheimer | Kristen Owen | $86 | $68.88 | +49.1% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $101 | $80.61 | +75.1% | Jan 12, 2026 |
| KeyBanc | Analyst unavailable | $99 | $80.13 | +71.6% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $94 | $77.02 | +62.9% | Nov 13, 2025 |
| Oppenheimer | Kristen Owen | $102 | $79.72 | +76.8% | Nov 6, 2025 |
| Barclays | Guy Hardwick | $100 | $79.3 | +73.3% | Oct 7, 2025 |
| Berenberg Bank | Analyst unavailable | $95 | $80.21 | +64.7% | Oct 3, 2025 |
| Oppenheimer | Kristen Owen | $88 | $73.96 | +52.5% | Dec 11, 2024 |
| Piper Sandler | Clarke Jeffries | $84 | $61.3 | +45.6% | Nov 7, 2024 |
| Piper Sandler | Clarke Jeffries | $73 | $63.42 | +26.5% | Mar 12, 2024 |
| Piper Sandler | Clarke Jeffries | $68 | $54.69 | +17.9% | Feb 12, 2024 |
| Raymond James | Brian Gesuale | $65 | $53.93 | +12.7% | Sep 29, 2023 |
| Piper Sandler | Clarke Jeffries | $65 | $55.04 | +12.7% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $55.18 | +12.7% | Dec 13, 2022 |
| Piper Sandler | Weston Twigg | $100 | $65.23 | +73.3% | May 20, 2022 |
Track every rating change on TRMB the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | — | -9.8% | TD SYNNEX Reaffirms Outlook as AI and Hyve Drive Growth |
| 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 |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
Get the TRMB recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-25T02:20:59.893125+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-25T02:20:59.890273+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 2026-09-25. For educational purposes only; not investment advice.