Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Trimble (TRMB) delivered a strong Q1 FY2026 with revenue up 11.8% YoY to $939.9M, operating income surging 47.7% to $144.0M, and operating cash flow jumping 76.5% to $274.7M, reflecting meaningful margin expansion and improved profitability.
Revenue
$939.9M
+11.81% YoY
EPS (Diluted)
$0.42
+55.56% YoY
Gross Margin
68.8%
+2.0 pts YoY
Operating Income
$144M
+47.69% YoY
Source: SEC XBRL
Trimble (TRMB) reported Q1 FY2026 revenue of $939.9M, up 11.8% year over year. Operating margin was 15.3%, up 3.7 points from 11.6% a year earlier. Operating cash flow was $274.7M, up 76.5% year over year. TRMB's fiscal Q1 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.86 | 0.82 | Beat +5.3% |
| Mar 2026This filing | 0.79 | 0.73 | Beat +7.9% |
| Dec 2025 | 1.00 | 0.98 | Beat +1.9% |
| Sep 2025 | 0.81 | 0.73 | Beat +10.6% |
Adjusted (non-GAAP) EPS of $0.79 versus the $0.73 analyst consensus — a +7.9% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.42.
Compiled by AI from this SEC filing
Revenue grew 11.8% YoY to $939.9M in Q1 FY2026, up from $840.6M in the prior-year period, indicating broad-based demand strength. Gross profit rose 15.2% to $646.3M, outpacing revenue growth and signaling a favorable mix shift toward higher-margin products or services.
Source: 10-Q Income Statement (XBRL Financial Data)
Gross margin improved approximately 200 basis points YoY to 68.8% from 66.7%, while operating margin expanded 372 basis points to 15.3% from 11.6%. This suggests operating leverage is materializing as revenue scales faster than costs.
Source: 10-Q Key Ratios (XBRL Financial Data)
Operating cash flow jumped 76.5% YoY to $274.7M from $155.6M, a significant improvement that demonstrates strong earnings quality and cash conversion. This robust cash generation supports ongoing capital allocation flexibility.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Cost of revenue grew only 4.9% YoY to $293.6M despite 11.8% revenue growth, and R&D expense increased a modest 6.9% to $169.5M, reflecting disciplined spending while continuing to invest in innovation.
Source: 10-Q Income Statement (XBRL Financial Data)
Share buybacks declined 48.5% YoY to $322.8M, and total liabilities fell 3.6% YoY to $3.35B, with current liabilities down 9.7% to $1.37B, suggesting a more conservative capital allocation stance and strengthening balance sheet.
Source: 10-Q Balance Sheet & Cash Flow Statement (XBRL Financial Data)
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
Trimble's current ratio stands at approximately 1.01, meaning current assets barely cover current liabilities. This leaves limited liquidity buffer for unexpected short-term obligations or market disruptions, and any deterioration in receivables or cash could create near-term liquidity pressure.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Cash and equivalents fell 19.3% YoY to $234.1M, even as operating cash flow improved significantly. The decline is largely attributable to $322.8M in share buybacks and net financing outflows of $285.9M, which could constrain flexibility if business conditions worsen.
Source: 10-Q Balance Sheet & Cash Flow Statement (XBRL Financial Data)
R&D expense of $169.5M represents approximately 18% of revenue, reflecting Trimble's need to continuously invest in technology to maintain competitive positioning. While necessary, this level of spending limits near-term profitability and creates risk if new products fail to generate expected returns.
Source: 10-Q Income Statement (XBRL Financial Data)
Long-term debt stands at $1.40B, relatively stable YoY, representing a debt-to-equity ratio of approximately 0.59. While manageable, rising interest rates or a revenue slowdown could pressure debt service coverage and limit financial flexibility.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Total assets of $9.0B significantly exceed tangible assets implied by current assets of $1.39B, suggesting a large proportion of the balance sheet consists of goodwill and intangibles from acquisitions. Any impairment of these assets could materially impact stockholders' equity of $5.64B.
Source: 10-Q Balance Sheet (XBRL Financial Data)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 939.90 $M | 840.60 $M | +11.81% |
Cost of Revenue $M | 293.60 $M | 279.80 $M | +4.93% |
Gross Profit $M | 646.30 $M | 560.80 $M | +15.25% |
Operating Income $M | 144.00 $M | 97.50 $M | +47.69% |
Net Income $M | 98.90 $M | 66.70 $M | +48.28% |
EPS (Basic) $ | 0.42 $ | 0.27 $ | +55.56% |
EPS (Diluted) $ | 0.42 $ | 0.27 $ | +55.56% |
R&D Expense $M | 169.50 $M | 158.50 $M | +6.94% |
Answers draw on this SEC filing and the data on this page
Trimble reported a fiscal Q2 2026 net loss of $471.7 million due to a $562 million goodwill impairment in its Transportation & Logistics segment, while revenue grew 11% and non-GAAP diluted EPS rose 21% to $0.86.
Trimble (TRMB) delivered FY2025 with improved gross and operating margins despite a 2.6% revenue decline to $3.59B, while net income fell sharply 71.8% to $424M largely due to the absence of prior-year gains, and the company aggressively returned $863M to shareholders via buybacks.
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