Trimble Inc. (TRMB) Earnings Call Transcripts

Trimble Inc.'s Latest Earnings Call - May 18, 2026

Trimble Inc. reported strong Q1 results for fiscal year 2026, exceeding revenue expectations and raising guidance. The company achieved revenue of $1.02 billion, up 12% year-over-year, and an earnings per share (EPS) of $0.65, beating estimates by $0.10. Management highlighted momentum in their construction and transportation segments, with a focus on software growth, which now constitutes 79% of total revenue, and a recurring revenue model that has reached $2.43 billion in annual recurring revenue (ARR), up 13% year-over-year.

Reported metrics

Guidance from management

Trimble raised its full-year revenue guidance, indicating continued confidence in growth. Management emphasized a cautious approach to ensure operational flexibility amidst market uncertainties.

What management said

Another thing, Tammy, if I can just add to that is, within the SketchUp tool itself and by the way, other software applications we have. There's a -- you can have a sketch up AI subscription today and add on subscription. So for that professional user, we see them using our AI capabilities within the tool they're already using as an extension of that. .

So the visibility into the contract is think about that like today, we have collaborators that we don't charge for. So people that want to interact with the data we already have, but not create data and/or do the work. And so there's an element of users out there that will be collaborators. They'll just need to see the contract or see the risk associated with the contract that they're trying to comply with. When it c...

What analysts pressed on

Analysts expressed concerns regarding the moderation in guidance for the Fuel Systems segment, questioning whether this reflects realism or conservatism. Additionally, there were inquiries about the impact of rising interest rates on future performance.

Main topics on the call

• Revenue Growth Acceleration — Trimble reported Q1 revenue of $1.02 billion, representing a 12% increase year-over-year. Management stated, "We exceeded expectations. Strong performance across actually the 3 segments," indicating robust growth across ...
• Software Transition — Management noted a significant shift towards software, stating, "5 years ago, we were 40-something percent software today, 79% software." This transition has enhanced their recurring revenue model, which now accounts for...
• Guidance Update — Trimble raised its full-year revenue guidance, reflecting confidence in continued growth. Management mentioned, "I think it's a mistake to raise guidance after a first year to be very cautious when you do so," indicating...
• Cross-Sell Opportunities — Management highlighted the potential for cross-selling, stating, "we see a path to over $1 billion of cross-sell we see within the ACO business and over $400 million in transportation." This underscores their strategy to...

Read the full Trimble Inc. transcript (May 18, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 60 Trimble Inc. earnings call transcripts on record, spanning February 12, 2020 to May 18, 2026. Based on this history, Trimble Inc. reports quarterly. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TRMB

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Software

Calls on record

60

First call

February 12, 2020

Most recent

May 18, 2026

Reporting cadence

quarterly