Trimble Beats Q2 Estimates

Trimble (NASDAQ: TRMB ) stock slid on Wednesday after the industrial technology company reported fiscal second-quarter 2026 results. 91 million. Organic revenue increased 10% year over year. 51 billion on an organic basis.

Trimble posted adjusted earnings of 86 cents per share, beating analyst estimates of 80 cents per share. 4 million in cash and cash equivalents. Trimble executives credited the growth outlook to strong execution, AI-enabled workflows and construction demand. AI And Connected Workflows Drive Momentum Painter said Trimble’s connect-and-scale strategy is accelerating as connected data and workflows create more value across its ecosystem.

He said AI is helping Trimble deploy agentic workflows that improve customer productivity and create internal efficiencies. 577 billion. He said the Document Crunch acquisition, which provides AI-based contract risk intelligence, is outperforming expectations and gaining momentum. Construction, Data Centers And Field Systems Support Growth Painter said Field Systems revenue rose 12% to $442 million, with ARR up 12% to $399 million.

He said global demand remains broad, especially in data centers, utilities and energy infrastructure. Trimble’s construction tools help customers connect office and field workflows, reduce rework and improve project accuracy. Meanwhile, Trimble Connect added more than one million projects in the second quarter, handled nearly 30 billion API calls and connected 60,000 active IoT devices. Transportation Review And Partnerships Remain In Focus Painter said Transportation and Logistics revenue rose 5% to $141 million, while ARR grew 7% to $533 million.

He said the company sees early signs of improvement in freight, while Transporeon grew in the mid-teens and delivered healthy quarterly bookings. Painter said Trimble received credible inbound interest in its Transportation and Logistics business from multiple parties. He said Trimble’s board and management team, with Goldman Sachs as financial adviser, will review that interest while continuing to execute its strategy. 1-times leverage ratio.

Trimble authorized a new $1 billion share repurchase program and still expects to return at least one-third of free cash flow to shareholders while remaining opportunistic with buybacks. 95 billion. 915 billion). 896 billion.

59 per share. 91 million. The company forecast adjusted earnings of 83 cents to 88 cents per share, in line with analyst expectations of 87 cents per share. 40 at the time of publication on Wednesday, according to Pro data.

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