Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1763.0%
Neutral933.3%
Bearish13.7%
Trimble Inc. · TRMB · FY2026 Q2 · Calendar Q3 2026
Trimble raises outlook as AI adoption accelerates, with transition risks
Trimble's Q2 analysis supports a constructive operating trajectory: organic growth, margin expansion, AI adoption, and raised guidance point to improving execution. The case remains conditional because Field Systems will create a near-term ARR headwind, while AI monetization and the Transportation & Logistics review remain execution variables.
Reported Before market openNASDAQTechnology
$13.42B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.86
Consensus $0.80
EPS surprise
+7.2%
Reported versus consensus
Reported revenue
$972.0M
Consensus $952.1M
Revenue surprise
+2.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.8%
Event window
SPY move
+0.3%
Same window
Abnormal move
-3.1%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
+0.9%
Up to 20 sessions
TRMBSPY benchmark
Ask FN2 about TRMB FY2026 Q2
Transcript, numbers and history already loaded
Why did TRMB fall 2.8% after beating EPS estimates in FY2026 Q2?What changed in TRMB's guidance and outlook in FY2026 Q2?Give me the bull and bear case for TRMB after FY2026 Q2 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 supplied Q2 analysis shows stronger reported operating momentum and raised guidance, alongside three material developments: Document Crunch is performing ahead of expectations, Field Systems is transitioning to a proprietary product, and management is reviewing potential interest in Transportation & Logistics.
Guidance delta
Management raised full-year revenue and EPS guidance after Q2 results, according to the supplied analysis.
Key takeaways
- Q2 delivered 10% organic revenue growth and margin expansion, supporting higher full-year targets.
- AI tools are gaining traction across workflows, with usage-based models and reported productivity benefits.
- Field Systems is moving from a white-label product to a proprietary solution, creating a near-term ARR headwind but potential future margin benefit.
- Management is reviewing interest in the Transportation & Logistics segment while continuing core platform execution.
Management priorities
- Expand AI-enabled workflow automation and agentic tools.
- Execute the Field Systems product transition and broaden the Trimble Connect ecosystem.
- Maintain disciplined capital allocation, including the announced share-repurchase program.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$57.83Current
$61Low
$82.33Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 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 $57.82. 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 | +38.3% | Aug 19, 2026 |
| Bernstein | Chad Dillard | $73 | $55.64 | +26.2% | Aug 13, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $52.29 | +5.5% | Jul 14, 2026 |
| Oppenheimer | Analyst unavailable | $80 | $63.42 | +38.3% | May 7, 2026 |
| Oppenheimer | Kristen Owen | $86 | $68.88 | +48.7% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $101 | $80.61 | +74.7% | Jan 12, 2026 |
| KeyBanc | Analyst unavailable | $99 | $80.13 | +71.2% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $94 | $77.02 | +62.6% | Nov 13, 2025 |
| Oppenheimer | Kristen Owen | $102 | $79.72 | +76.4% | Nov 6, 2025 |
| Barclays | Guy Hardwick | $100 | $79.3 | +72.9% | Oct 7, 2025 |
| Berenberg Bank | Analyst unavailable | $95 | $80.21 | +64.3% | Oct 3, 2025 |
| Oppenheimer | Kristen Owen | $88 | $73.96 | +52.2% | Dec 11, 2024 |
| Piper Sandler | Clarke Jeffries | $84 | $61.3 | +45.3% | Nov 7, 2024 |
| Piper Sandler | Clarke Jeffries | $73 | $63.42 | +26.2% | Mar 12, 2024 |
| Piper Sandler | Clarke Jeffries | $68 | $54.69 | +17.6% | Feb 12, 2024 |
| Raymond James | Brian Gesuale | $65 | $53.93 | +12.4% | Sep 29, 2023 |
| Piper Sandler | Clarke Jeffries | $65 | $55.04 | +12.4% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $55.18 | +12.4% | Dec 13, 2022 |
| Piper Sandler | Weston Twigg | $100 | $65.23 | +72.9% | 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 |
|---|---|---|---|---|
| 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 |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% 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 · 2026-08-12T19:18:20.209084+00:00
- FN2 earnings calendar · 2026-09-17T01:23:13.296768+00:00
- Polygon adjusted daily market bars · 2026-09-21T17:00:48.750507+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T17:00:48.748156+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 . For educational purposes only; not investment advice.