Form 8-K
8-K — TRIMBLE INC.
Accession: 0000864749-26-000061
Filed: 2026-05-06
Period: 2026-05-06
CIK: 0000864749
SIC: 3829 (MEASURING & CONTROLLING DEVICES, NEC)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — trmb-20260506.htm (Primary)
EX-99.1 (a2026q1-8kex991.htm)
GRAPHIC (image4.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: trmb-20260506.htm · Sequence: 1
trmb-20260506
0000864749false00008647492026-05-062026-05-06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 6, 2026
Trimble Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-14845 94-2802192
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
I.D. No.)
10368 Westmoor Dr, Westminster, CO 80021
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (720) 887-6100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.001 par value per share TRMB NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On May 6, 2026, Trimble Inc. (the “Company”) issued a press release reporting its financial results for the quarter ended April 3, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
The information in this report, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor be incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1
Press Release dated May 6, 2026 related to the Company's financial results for the quarter ended April 3, 2026
104
The cover page from this Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRIMBLE INC.
a Delaware corporation
Dated: May 6, 2026
By:
/s/ Phillip Sawarynski
Phillip Sawarynski
Chief Financial Officer
EX-99.1
EX-99.1
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Document
Exhibit 99.1
Trimble Announces First Quarter 2026 Results
•Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy
•Record first quarter gross margins and operating income margins
•First quarter results exceeded expectations
•Share repurchases of $317 million
•Raising full year 2026 guidance
WESTMINSTER, Colo., May 6, 2026 - Trimble Inc. (Nasdaq: TRMB) today announced financial results for the first quarter of 2026.
First Quarter 2026 Financial Highlights
•Revenue of $939.9 million, up 12 percent on a year-over-year basis, up 12 percent on an organic basis
•Annualized recurring revenue ("ARR") was $2.43 billion, up 12 percent year-over-year, up 12 percent on an organic basis
•GAAP operating income was $144.0 million, 15.3 percent of revenue, and non-GAAP operating income was $243.2 million, 25.9 percent of revenue
•GAAP net income was $98.9 million and non-GAAP net income was $186.9 million
•Diluted earnings per share ("EPS") was $0.42 on a GAAP basis and $0.79 on a non-GAAP basis
•Adjusted EBITDA was $257.7 million, 27.4 percent of revenue
•During the first quarter, Trimble repurchased approximately 4.7 million shares for $316.9 million
Executive Quote
"We began the year with strong momentum, delivering record annualized recurring revenue of $2.435 billion in the first quarter, and surpassing expectations on both top and bottom lines," said Rob Painter, president and CEO of Trimble. "Our Connect & Scale strategy connects people, data, workflow and ecosystems. In an AI-forward world, Trimble is the intelligence and execution layer that reconciles the digital model with physical reality."
Forward-Looking Guidance
For the full-year 2026, Trimble expects to report revenue between $3,835 million and $3,915 million, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. GAAP guidance assumes a tax rate of 21.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 235 million shares outstanding.
For the second quarter of 2026, Trimble expects to report revenue between $938 million and $963 million, GAAP earnings per share of $0.38 to $0.42, and non-GAAP earnings per share of $0.78 to $0.82. GAAP guidance assumes a tax rate of 23.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 234 million shares outstanding.
A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.
Investor Conference Call / Webcast Details
Trimble will hold a conference call on May 6, 2026 at 8:00 a.m. ET to review its first quarter of 2026 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, https://investor.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/544327873?pwd=s5ilhwSm. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.
About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and
construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: https://www.trimble.com.
Safe Harbor
Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner, or get the benefits we are expecting from our joint ventures and partnerships, including with Platform Science. The Company's results could also be negatively impacted due to the general global macroeconomic outlook, including heightened trade tensions and related uncertainty of tariffs (including certain tariff refunds) and export control restrictions between the U.S. and its trading partners, and associated supply chain disruptions, slowing growth, inflationary pressures, and fluctuations in interest rates, which may affect demand for our products and services, increase our costs and adversely affect our revenues and profitability; the pace at which our dealers work through their inventory; changes in our distribution channels; adverse geopolitical tensions and the ongoing impact of volatility and conflict in the political and economic environment, including the Middle East conflict, and the direct and indirect impact on our business; fluctuations in foreign currency exchange rates; the pace that we transition our business model towards a subscription model; the impact and risks of AI and AI-related developments; the impact of acquisitions or divestitures; and our ability to maintain effective internal controls over financial reporting, including our ability to remediate our material weaknesses in our internal controls over financial reporting. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the SEC, including our quarterly reports on Form 10-Q and our annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.
FTRMB
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)
First Quarter of
2026 2025
Revenue:
Product $ 311.2 $ 271.6
Subscription and services 628.7 569.0
Total revenue 939.9 840.6
Cost of sales:
Product 158.2 143.7
Subscription and services 119.3 119.7
Amortization of purchased intangible assets 16.1 16.4
Total cost of sales 293.6 279.8
Gross margin 646.3 560.8
Gross margin (%) 68.8 % 66.7 %
Operating expense:
Research and development 169.5 158.5
Sales and marketing 176.1 153.2
General and administrative 126.7 121.5
Restructuring 2.9 4.5
Amortization of purchased intangible assets 27.1 25.6
Total operating expense 502.3 463.3
Operating income 144.0 97.5
Non-operating (expense) income, net:
Interest expense, net (19.5) (15.6)
Income from equity method investments, net
0.8 1.0
Other income, net 6.0 3.5
Total non-operating expense, net
(12.7) (11.1)
Income before taxes 131.3 86.4
Income tax provision
32.4 19.7
Net income $ 98.9 $ 66.7
Earnings per share:
Basic $ 0.42 $ 0.27
Diluted $ 0.42 $ 0.27
Shares used in calculating earnings per share:
Basic 234.5 243.3
Diluted 236.9 246.2
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
As of
First Quarter of Year End
2026 2025
Assets
Current assets:
Cash and cash equivalents $ 234.1 $ 253.4
Accounts receivable, net 617.5 856.0
Inventories 188.0 186.3
Prepaid expenses 122.8 102.7
Other current assets 230.3 233.5
Total current assets 1,392.7 1,631.9
Property and equipment, net 180.8 182.8
Goodwill 5,213.6 5,239.7
Other purchased intangible assets, net 872.1 924.1
Deferred income tax assets 256.4 260.0
Equity investments 616.8 610.8
Other non-current assets 458.6 462.7
Total assets $ 8,991.0 $ 9,312.0
Liabilities and Stockholders' Equity
Current liabilities:
Short-term debt $ 10.3 $ —
Accounts payable 175.7 168.3
Accrued compensation and benefits 125.4 211.7
Deferred revenue 863.2 894.0
Income taxes payable 15.5 17.7
Other current liabilities 183.6 211.7
Total current liabilities 1,373.7 1,503.4
Long-term debt 1,402.5 1,392.2
Deferred revenue, non-current 107.5 104.7
Deferred income tax liabilities 189.1 190.5
Other non-current liabilities 281.0 285.0
Total liabilities 3,353.8 3,475.8
Stockholders' equity:
Common stock 0.2 0.2
Additional paid-in-capital 2,448.6 2,437.9
Retained earnings 3,217.2 3,387.6
Accumulated other comprehensive (loss) income (28.8) 10.5
Total stockholders' equity 5,637.2 5,836.2
Total liabilities and stockholders' equity $ 8,991.0 $ 9,312.0
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
First Quarter of
2026 2025
Cash flow from operating activities:
Net income $ 98.9 $ 66.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 49.9 48.9
Deferred income taxes 4.3 (26.7)
Stock-based compensation 41.8 38.4
Other, net (2.3) 4.0
(Increase) decrease in assets:
Accounts receivable, net 234.1 206.1
Inventories (0.8) 3.4
Other current and non-current assets (17.0) 35.8
Increase (decrease) in liabilities:
Accounts payable 8.4 (1.4)
Accrued compensation and benefits (85.4) (120.1)
Deferred revenue (26.2) (13.5)
Income taxes payable (2.3) (50.2)
Other current and non-current liabilities (28.7) (35.8)
Net cash provided by operating activities 274.7 155.6
Cash flow from investing activities:
Divestitures of businesses, net of cash divested — (7.3)
Purchases of property and equipment (6.1) (6.6)
Other, net 1.0 (0.6)
Net cash used in investing activities (5.1) (14.5)
Cash flow from financing activities:
Issuance of common stock, net of tax withholdings 16.7 16.3
Repurchases of common stock (322.8) (627.4)
Proceeds from debt and revolving credit lines 167.2 114.7
Payments on debt and revolving credit lines (147.0) (114.7)
Net cash used in financing activities (285.9) (611.1)
Effect of exchange rate changes on cash and cash equivalents (3.0) 12.2
Net decrease in cash and cash equivalents (19.3) (457.8)
Cash and cash equivalents - beginning of period (1)
253.4 747.8
Cash and cash equivalents - end of period
$ 234.1 $ 290.0
Supplemental cash flow disclosure:
Cash paid for income taxes, net $ 11.4 $ 48.3
(1) Includes $9.0 million of cash and cash equivalents classified as held for sale as of January 3, 2025.
REPORTING SEGMENTS
(In millions)
(Unaudited)
Reportable Segments
AECO Field Systems T&L
First Quarter of 2026
Segment revenue $ 391.1 $ 409.2 $ 139.6
Cost of sales 62.7 175.0 34.4
Operating expense
205.3 116.2 71.4
Operating income $ 123.1 $ 118.0 $ 33.8
Operating income % 31.5 % 28.8 % 24.2 %
First Quarter of 2025
Segment revenue $ 335.4 $ 359.2 $ 146.0
Cost of sales 58.9 154.2 44.6
Operating expense 184.9 98.4 75.3
Operating income $ 91.6 $ 106.6 $ 26.1
Operating income % 27.3 % 29.7 % 17.9 %
GAAP TO NON-GAAP RECONCILIATION
(Dollars in millions, except per share data)
(Unaudited)
First Quarter of
2026 2025
Dollar Amount % of Revenue Dollar Amount % of Revenue
REVENUE:
GAAP revenue: $ 939.9 $ 840.6
GROSS MARGIN:
GAAP gross margin: $ 646.3 68.8 % $ 560.8 66.7 %
Amortization of purchased intangible assets (A) 16.1 16.4
Stock-based compensation / deferred compensation (C) 4.2 4.3
Restructuring and other costs (D) 0.3 0.2
Non-GAAP gross margin: $ 666.9 71.0 % $ 581.7 69.2 %
OPERATING EXPENSES:
GAAP operating expenses: $ 502.3 53.4 % $ 463.3 55.1 %
Amortization of purchased intangible assets (A) (27.1) (25.6)
Acquisition / divestiture items (B) (5.9) (8.9)
Stock-based compensation / deferred compensation (C) (39.5) (33.2)
Restructuring and other costs (D) (6.1) (12.1)
Non-GAAP operating expenses: $ 423.7 45.1 % $ 383.5 45.6 %
OPERATING INCOME:
GAAP operating income: $ 144.0 15.3 % $ 97.5 11.6 %
Amortization of purchased intangible assets (A) 43.2 42.0
Acquisition / divestiture items (B) 5.9 8.9
Stock-based compensation / deferred compensation (C) 43.7 37.5
Restructuring and other costs (D) 6.4 12.3
Non-GAAP operating income: $ 243.2 25.9 % $ 198.2 23.6 %
NON-OPERATING EXPENSE, NET:
GAAP non-operating expense, net: $ (12.7) $ (11.1)
Acquisition / divestiture items (B) (4.1) (5.3)
Deferred compensation (C) (2.0) 0.9
Restructuring and other costs (D) 1.9 0.1
Non-GAAP non-operating expense, net: $ (16.9) $ (15.4)
Tax Rate %
Tax Rate %
(F)
(F)
INCOME TAX PROVISION:
GAAP income tax provision: $ 32.4 24.7 % $ 19.7 22.8 %
Non-GAAP items tax effected (E) 7.0 11.7
Non-GAAP income tax provision: $ 39.4 17.4 % $ 31.4 17.2 %
NET INCOME:
GAAP net income: $ 98.9 $ 66.7
Amortization of purchased intangible assets (A) 43.2 42.0
Acquisition / divestiture items (B) 1.8 3.6
Stock-based compensation (C) 41.7 38.4
Restructuring and other costs (D) 8.3 12.4
Non-GAAP tax adjustments (E) (7.0) (11.7)
Non-GAAP net income: $ 186.9 $ 151.4
DILUTED NET INCOME PER SHARE:
GAAP diluted net income per share: $ 0.42 $ 0.27
Amortization of purchased intangible assets (A) 0.18 0.17
Acquisition / divestiture items (B) 0.01 0.01
Stock-based compensation (C) 0.18 0.16
Restructuring and other costs (D) 0.03 0.05
Non-GAAP tax adjustments (E) (0.03) (0.05)
Non-GAAP diluted net income per share: $ 0.79 $ 0.61
ADJUSTED EBITDA:
GAAP operating income: $ 144.0 15.3 % $ 97.5 11.6 %
Amortization of purchased intangible assets (A) 43.2 42.0
Acquisition / divestiture items (B) 5.9 8.9
Stock-based compensation / deferred compensation (C) 43.7 37.5
Restructuring and other costs (D) 6.4 12.3
Non-GAAP operating income: 243.2 25.9 % 198.2 23.6 %
Depreciation expense and cloud computing amortization 11.8 12.0
Income from equity method investments, net
2.7 1.9
Adjusted EBITDA: $ 257.7 27.4 % $ 212.1 25.2 %
First Quarter of
2026 2025
FREE CASH FLOW:
Net cash provided by operating activities
$ 274.7 $ 155.6
Capital expenditures
6.1 6.6
Free cash flow
$ 268.6 $ 149.0
Second Quarter of 2026
Year 2026
Low End High End Low End High End
FORECASTED DILUTED NET INCOME PER SHARE:
Forecasted GAAP diluted net income per share: $ 0.38 $ 0.42 $ 2.05 $ 2.21
Amortization of purchased intangible assets (A) 0.18 0.18 0.72 0.72
Acquisition / divestiture items (B) 0.06 0.06 0.09 0.09
Stock-based compensation
(C) 0.18 0.18 0.67 0.67
Restructuring and other costs (D) 0.03 0.03 0.13 0.13
Non-GAAP tax adjustments (E) (0.05) (0.05) (0.19) (0.18)
Forecasted non-GAAP diluted net income per share: $ 0.78 $ 0.82 $ 3.47 $ 3.64
FOOTNOTES TO GAAP TO NON-GAAP RECONCILIATION
This press release includes GAAP financial measures as well as non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP measures. We believe non-GAAP financial measures provide useful information to investors and others in understanding our "core operating performance", which excludes (i) the effect of non-cash items and certain variable charges not expected to recur and (ii) transactions that are not meaningful in comparison to our past operating performance or not reflective of ongoing financial results. Lastly, we believe that our core operating performance offers a supplemental measure for period-to-period comparisons and can be used to evaluate our historical and prospective financial performance, as well as our performance relative to competitors.
The non-GAAP definitions and explanations to the adjustments to comparable GAAP measures are included below:
Non-GAAP Definitions
Non-GAAP gross margin
We define Non-GAAP gross margin as GAAP gross margin, excluding the effects of amortization of purchased intangible assets, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP gross margin as a way of understanding how product mix, pricing decisions, and manufacturing costs influence our business.
Non-GAAP operating expenses
We define Non-GAAP operating expenses as GAAP operating expenses, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe this measure is important to investors evaluating our non-GAAP spending in relation to revenue.
Non-GAAP operating income
We define Non-GAAP operating income as GAAP operating income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP operating income trends, which are driven by revenue, gross margin, and spending.
Non-GAAP non-operating expense, net
We define Non-GAAP non-operating expense, net as GAAP non-operating (expense) income, net, excluding acquisition/divestiture items, deferred compensation, and restructuring and other costs. We believe this measure helps investors evaluate our non-operating expense trends.
Non-GAAP income tax provision
We define non-GAAP income tax provision as the GAAP income tax provision adjusted for the tax effects of the non-GAAP pre-tax adjustments (A) through (D), excluding certain tax charges and benefits such as net deferred tax impacts resulting from tax amortization related to a non-U.S. intercompany transfer of intellectual property and certain acquisitions, deferred tax impacts from net controlled foreign corporation tested income (“net CFC tested income”, formerly referred to as global intangible low-taxed income or “GILTI”), significant reserve releases upon the expiration of statute of limitations and audit closures, and tax law changes. We believe this measure helps investors because it provides for consistent treatment of excluded items in our non-GAAP presentation.
Non-GAAP net income
We define Non-GAAP net income as GAAP net income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. This measure provides a supplemental view of net income trends, which are driven by non-GAAP income before taxes and our non-GAAP tax rate.
Non-GAAP diluted net income per share
We define Non-GAAP diluted net income per share as GAAP diluted net income per share, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. We believe our investors benefit by understanding our non-GAAP operating performance as reflected in a per share calculation as a way of measuring non-GAAP operating performance by ownership in the Company.
Adjusted EBITDA
We define Adjusted EBITDA as non-GAAP operating income plus depreciation expense, cloud computing amortization, and income from equity method investments, net, excluding our proportionate share of items such as goodwill impairment, amortization of purchased intangibles, stock-based compensation, and restructuring costs. Other companies may define Adjusted EBITDA differently. Adjusted EBITDA is a performance measure that we believe offers a useful view of the overall operations of our business because it facilitates operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, depreciation, amortization of purchased intangibles and cloud computing costs, and income from equity method investments, net.
Free Cash Flow
We define free cash flow as cash flow from operating activities minus capital expenditures. We believe this measure is important to investors evaluating our generation of cash flow.
Explanations of Non-GAAP adjustments
(A)Amortization of purchased intangible assets. Non-GAAP gross margin and operating expenses exclude the amortization of purchased intangible assets, which primarily represents technology and/or customer relationships already developed.
(B)Acquisition / divestiture items. Non-GAAP gross margin and operating expenses exclude costs consisting of external and incremental costs resulting directly from acquisitions, divestitures, and strategic investment activities such as legal, due diligence, integration, and other costs, including the acceleration of acquisition stock awards and adjustments to the fair value of earn-out liabilities. Non-GAAP non-operating expense, net, excludes one-time acquisition/divestiture charges, including foreign currency exchange rate gains/losses related to an acquisition, divestiture gains/losses, and strategic investment gains/losses. These are one-time costs that vary significantly in amount and timing and are not indicative of our core operating performance.
(C)Stock-based compensation / deferred compensation. Non-GAAP gross margin and operating expenses exclude stock-based compensation and income or expense associated with movement in our non-qualified deferred compensation plan liabilities. Changes in non-qualified deferred compensation plan assets, included in non-operating expense, net, offset the income or expense in the plan liabilities.
(D)Restructuring and other costs. Non-GAAP gross margin and operating expenses exclude restructuring costs composed of termination benefits related to reductions in employee headcount, closure or exit of facilities, and cancellation of certain contracts, and other costs composed of one-time incremental expenses resulting from the re-audit and related remediation of control deficiencies. Non-GAAP non-operating expense net, excludes our proportionate share of items recorded in income from equity method investment items, such as goodwill impairment, amortization of purchased intangibles, stock-based compensation, and restructuring costs.
(E)Non-GAAP items tax effected. This amount represents the income tax effect of non-GAAP pre-tax adjustments, excluding certain tax charges and benefits, which reconcile the GAAP income tax provision to the non-GAAP income tax provision.
(F)Tax rate percentages. These percentages are defined as GAAP income tax provision as a percentage of GAAP income before taxes and non-GAAP income tax provision as a percentage of non-GAAP income before taxes.
OTHER KEY METRICS
Annualized Recurring Revenue
In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR represents the estimated annualized value of recurring revenue. ARR is calculated by taking our subscription and maintenance and support revenue for the current quarter and adding the portion of the contract value of all our term licenses attributable to the current quarter, then dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.
Organic Annualized Recurring Revenue
Organic annualized recurring revenue refers to annualized recurring revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures that closed in the prior 12 months.
Organic Revenue
Organic revenue refers to revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures that closed in the prior 12 months.
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v3.26.1
Cover Cover
May 06, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
May 06, 2026
Entity Registrant Name
Trimble Inc.
Entity Incorporation, State or Country Code
DE
Entity File Number
001-14845
Entity Tax Identification Number
94-2802192
Entity Address, Address Line One
10368 Westmoor Dr
Entity Address, City or Town
Westminster
Entity Address, State or Province
CO
Entity Address, Postal Zip Code
80021
City Area Code
720
Local Phone Number
887-6100
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Stock, $0.001 par value per share
Trading Symbol
TRMB
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
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Entity Central Index Key
0000864749
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- Definition
Cover page.
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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No definition available.
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- Definition
Address Line 1 such as Attn, Building Name, Street Name
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Name of the City or Town
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- Definition
Code for the postal or zip code
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Name of the state or province.
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No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Indicate if registrant meets the emerging growth company criteria.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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No definition available.
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- Definition
Two-character EDGAR code representing the state or country of incorporation.
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No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Local phone number for entity.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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- Definition
Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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-Section 14a
-Subsection 12
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Trading symbol of an instrument as listed on an exchange.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Securities Act
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