Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1763.0%
Neutral933.3%
Bearish13.7%
Trimble Inc. · TRMB · FY2026 Q3 · Calendar Q4 2026
Trimble Holds FY Revenue Outlook as AI Push Expands; Shares Fall
Q3 points to continued growth and expanding AI-related product activity, but the $20 million ARR drag, regional softness and sharply negative market reaction temper confidence in the durability of that progress. The supplied evidence does not establish how these factors will resolve over the next year.
Reported Before market openNASDAQTechnology
$15.30B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.86
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $966.4M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-17.6%
Event window
SPY move
+1.8%
Same window
Abnormal move
-19.5%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
TRMBSPY benchmark
Ask FN2 about TRMB FY2026 Q3
Transcript, numbers and history already loaded
What drove TRMB's -17.6% move after FY2026 Q3 earnings?What changed in TRMB's guidance and outlook in FY2026 Q3?Give me the bull and bear case for TRMB after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management reported 7% revenue growth, EPS above the midpoint of guidance and EBITDA margin of 28.8%. It maintained FY2026 revenue guidance, slightly increased EPS guidance, and said AI-generated code accounted for the majority of committed code. The event-session market reaction was sharply negative, without evidence here establishing the cause.
Guidance delta
FY2026 revenue guidance was maintained, with organic growth above 9%; EPS guidance was slightly increased. Management described its outlook as maintained overall.
Key takeaways
- Management reported 7% revenue growth and EPS above the guidance midpoint, with EBITDA margin at 28.8%.
- AECO remained the main growth engine, with 13% ARR growth; management maintained FY2026 revenue guidance and slightly raised EPS guidance.
- AI activity spans product features and internal development; management said AI generated most committed code and API calls increased 25% to more than 30 billion.
- A $20 million ARR drag from exiting a white-labeled product line and weakness in South American agriculture remain important offsets; the event-session share-price reaction was sharply negative.
Management priorities
- Roll out AI features across Trimble Connect, Business Center and ERP assistants, alongside the Arc Agent platform.
- Launch the ST30 smart target and next-generation Maxwell GNSS receivers.
- Reorganize product development around an AI-centric architecture and showcase product developments at the Trimble Dimensions conference.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$54.66Current
$61Low
$81.85Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 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 current price $54.66. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Loop Capital Markets | Mark Schappel | $76 | $63.37 | +39.0% | Oct 26, 2026 |
| Barclays | Analyst unavailable | $80 | $56.99 | +46.4% | Aug 19, 2026 |
| Bernstein | Chad Dillard | $73 | $55.64 | +33.6% | Aug 13, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $52.29 | +11.6% | Jul 14, 2026 |
| Oppenheimer | Analyst unavailable | $80 | $63.42 | +46.4% | May 7, 2026 |
| Oppenheimer | Kristen Owen | $86 | $68.88 | +57.3% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $101 | $80.61 | +84.8% | Jan 12, 2026 |
| KeyBanc | Analyst unavailable | $99 | $80.13 | +81.1% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $94 | $77.02 | +72.0% | Nov 13, 2025 |
| Oppenheimer | Kristen Owen | $102 | $79.72 | +86.6% | Nov 6, 2025 |
| Barclays | Guy Hardwick | $100 | $79.3 | +82.9% | Oct 7, 2025 |
| Berenberg Bank | Analyst unavailable | $95 | $80.21 | +73.8% | Oct 3, 2025 |
| Oppenheimer | Kristen Owen | $88 | $73.96 | +61.0% | Dec 11, 2024 |
| Piper Sandler | Clarke Jeffries | $84 | $61.3 | +53.7% | Nov 7, 2024 |
| Piper Sandler | Clarke Jeffries | $73 | $63.42 | +33.6% | Mar 12, 2024 |
| Piper Sandler | Clarke Jeffries | $68 | $54.69 | +24.4% | Feb 12, 2024 |
| Raymond James | Brian Gesuale | $65 | $53.93 | +18.9% | Sep 29, 2023 |
| Piper Sandler | Clarke Jeffries | $65 | $55.04 | +18.9% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $55.18 | +18.9% | Dec 13, 2022 |
| Piper Sandler | Weston Twigg | $100 | $65.23 | +82.9% | 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 |
|---|---|---|---|---|
| Q Qnity Electronics, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.3% | Qnity raises FY2026 outlook as AI and advanced-node demand drive growth |
| TOST Toast, Inc. | FY2026 Q3 · Calendar Q4 2026 | -20.1% | +5.9% | Toast lifts outlook as recurring profit growth holds at 27% |
| SMCI Super Micro Computer, Inc. | FY2027 Q1 · Calendar Q4 2026 | +47.2% | -4.2% | Super Micro Raises FY27 Revenue Outlook After Record Q1 |
| XYZ Block, Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.7% | +14.9% | Block raises its outlook as AI monetization and Neighborhoods advance |
| SWKS Skyworks Solutions, Inc. | FY2026 Q4 · Calendar Q4 2026 | +0.8% | -6.9% | Skyworks’ Qorvo merger broadens portfolio as smartphone softness persists |
| ANET Arista Networks, Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.1% | +9.9% | Arista reports record Q3 growth and raises FY2026 and FY2027 targets |
Latest beats and misses
Who reports nextBeat on EPS
- LTMFY2026 Q3 · November 3, 2026+25.2% EPS+9.5% move
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
- SMCIFY2027 Q1 · November 3, 2026+47.2% EPS-4.2% move
- XYZFY2026 Q3 · November 3, 2026+9.7% EPS+14.9% move
- AMGNFY2026 Q3 · November 3, 2026+11.4% EPS+1.6% move
Missed on EPS
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
- TOSTFY2026 Q3 · November 3, 2026-20.1% EPS+5.9% move
- CPNGFY2026 Q3 · November 3, 2026-90.3% EPS+13.3% move
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% 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 · 2026-11-04T17:08:49.689120+00:00
- FN2 earnings calendar · 2026-11-04T01:23:13.345574+00:00
- Polygon adjusted daily market bars · 2026-11-04T17:40:49.138622+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T17:40:49.136024+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 2026-11-04. For educational purposes only; not investment advice.