Trimble Announces First Quarter 2026 Results
Rhea-AI Summary
Trimble (Nasdaq: TRMB) reported strong Q1 2026 results on May 6, 2026, with revenue $939.9M (up 12% YoY, organic), ARR $2.43B (up 12% YoY), and record first-quarter gross and operating margins. GAAP operating income was $144.0M (15.3% of revenue); non-GAAP operating income was $243.2M (25.9%). GAAP net income was $98.9M and non-GAAP net income $186.9M; diluted EPS was $0.42 GAAP and $0.79 non-GAAP. Adjusted EBITDA was $257.7M (27.4% of revenue). The company repurchased ~4.7M shares for $316.9M and said it is raising full-year 2026 guidance.
Positive
- Revenue +12% YoY to $939.9M
- ARR $2.43B, up 12% YoY
- Non-GAAP operating margin 25.9%
- Adjusted EBITDA $257.7M (27.4% of revenue)
- Share repurchases $316.9M (~4.7M shares)
- Raised full-year 2026 guidance
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
TRMB was down 0.22% while notable peer GRMN appeared in momentum scans, rising 5.35% without same-day news, suggesting stock-specific dynamics rather than a sector-wide move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 10 | Q4/FY2025 earnings | Positive | +2.9% | Record ARR and margins with Q4 beat and initial 2026 guidance. |
| Jan 27 | Earnings webcast notice | Neutral | -1.9% | Announcement of timing and access details for Q4/FY2025 call. |
| Nov 05 | Q3 2025 earnings | Positive | +2.5% | Q3 revenue and ARR growth with record ARR and raised FY2025 guidance. |
| Oct 23 | Q3 call notice | Neutral | +0.9% | Scheduling and webcast details for the upcoming Q3 2025 call. |
| Aug 06 | Q2 2025 earnings | Positive | +1.7% | Q2 revenue and record ARR with raised full-year 2025 guidance. |
Earnings-related announcements have generally been followed by modestly positive price reactions, especially when results or guidance were strong.
Recent earnings history for Trimble shows a pattern of solid execution and recurring revenue growth. Q2 and Q3 2025 results featured rising ARR, record metrics and multiple guidance raises. The Q4 2025 release on Feb 10, 2026 again highlighted record ARR and margins, with a 2.91% next-day gain. Webcast announcements around these results saw smaller moves. Today’s first-quarter 2026 release, with record ARR and raised full-year guidance, continues this theme of steady financial progression.
Historical Comparison
Across the last five earnings-tagged events, TRMB’s average next-day move was 1.22%, with beats and guidance raises often drawing modestly positive reactions.
Earnings updates show a steady build: record ARR in Q2 and Q3 2025, further strength and guidance in Q4 2025, and now Q1 2026 again delivering record ARR and higher full-year 2026 guidance.
Market Pulse Summary
This announcement reports Q1 2026 revenue of $939.9M, record ARR of $2.43B, strong operating margins, and raised full-year 2026 guidance, continuing the pattern from recent quarters. Prior earnings releases in 2025 and early 2026 also highlighted record ARR and incremental guidance increases. Investors may focus on the durability of subscription growth, margin trends, and the scale of buybacks—about $316.9M in Q1—when assessing how this fits into Trimble’s longer-term trajectory.
Key Terms
annualized recurring revenue financial
gaap financial
non-gaap financial
adjusted ebitda financial
AI-generated analysis. Not financial advice.
- 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
First Quarter 2026 Financial Highlights
- Revenue of
$939.9 million - Annualized recurring revenue ("ARR") was
$2.43 billion - GAAP operating income was
$144.0 million $243.2 million - GAAP net income was
$98.9 million $186.9 million - Diluted earnings per share ("EPS") was
$0.42 $0.79 - Adjusted EBITDA was
$257.7 million - 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
Forward-Looking Guidance
For the full-year 2026, Trimble expects to report revenue between
For the second quarter of 2026, Trimble expects to report revenue between
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
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 | |||
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 | % of | Dollar | % of | ||||||
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-
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-announces-first-quarter-2026-results-302763530.html
SOURCE Trimble