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's fiscal second quarter of 2026 was defined by a $562 million goodwill impairment in its Transportation & Logistics segment, which pushed the company to a net loss despite continued revenue growth. Management cited strong end-user demand for civil construction and surveying solutions, along with subscription growth across all segments, as drivers of the top line, while annualized recurring revenue climbed 14% to $2.5 billion. The impairment overshadowed GAAP results, but non-GAAP diluted earnings per share rose 21% to $0.86, underscoring that underlying operations remain solid yet vulnerable to market-valuation shifts.
Revenue
$972M
+11.00% YoY
EPS (Diluted)
-$2.02
-645.95% YoY
Gross Margin
69.4%
+1.2 pts YoY
Operating Income
$132M
+3.29% YoY
Source: SEC XBRL
Trimble (TRMB) reported Q2 FY2026 revenue of $972M, up 11.0% year over year. Operating margin was 13.6%, down 1.0 points from 14.6% a year earlier. TRMB's fiscal Q2 FY2026 corresponds to calendar Q3 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.86 | 0.82 | Beat +5.3% |
| Mar 2026 | 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% |
3 reported segments · SEC XBRL
Segment revenue totals $972M, which is the $972M of consolidated revenue on the income statement.
Profit above is reported as operating income, the measure TRMB itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-Q Item 2 of this filing
Trimble acquired 100% of Document Crunch on April 4, 2026, for $246.4 million, financed through credit facilities. The AI platform strengthens document analysis and compliance automation within the AECO segment.
Source: 10-Q Item 2 MD&A
The company recognized a $562 million goodwill impairment in the Transportation & Logistics segment, triggered by heightened macroeconomic uncertainty and reduced market multiples for software businesses, which caused the GAAP net loss.
Source: 10-Q Item 2 MD&A
ARR reached $2.5 billion at the end of Q2 2026, up 14% year-over-year (12% organic), with software, services, and recurring revenue representing 77% of total revenue.
Source: 10-Q Item 2 MD&A
Trimble was approved for a $17.8 million tariff refund under the CBP IEEPA program, received $13.9 million in cash during Q2 2026, and reversed associated cost of goods sold while planning customer refunds.
Source: 10-Q Item 2 MD&A
Non-GAAP operating income rose 17% to $260.6 million and non-GAAP diluted EPS increased 21% to $0.86, excluding impairment, amortization, stock-based compensation, and other one-time items.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
The $562 million goodwill impairment in the T&L segment indicates that further impairments could occur if market conditions worsen or if other reporting units underperform. This risk is heightened by ongoing macroeconomic uncertainty.
Source: 10-Q Income Statement (XBRL)
Cash and equivalents declined 19.4% year-over-year to $214.4 million, and the current ratio is below 1 at 0.95, suggesting potential difficulty covering short-term obligations without additional financing.
Source: 10-Q Balance Sheet (XBRL)
Total long-term debt is $1.44 billion, and total liabilities are $3.43 billion, with a debt-to-equity ratio of 0.67. The company borrowed $250 million in April 2026 to finance the Document Crunch acquisition, increasing its debt load.
Source: 10-Q Balance Sheet (XBRL)
The $246.4 million Document Crunch acquisition adds intangible assets and integration costs; if the expected synergies and revenue growth do not materialize, profitability could be adversely affected.
Source: 10-Q Cash Flow Statement (XBRL)
GAAP net margin was -48.5% and ROE was -9.2% in Q2 FY2026, driven by the impairment. Sustained losses could erode investor confidence and limit financial flexibility.
Source: 10-Q Income Statement (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 972.00 $M | 875.70 $M | +11.00% |
Cost of Revenue $M | 297.10 $M | 277.80 $M | +6.95% |
Gross Profit $M | 674.90 $M | 597.90 $M | +12.88% |
Operating Income $M | 132.00 $M | 127.80 $M | +3.29% |
Net Income $M | -471.70 $M | 89.20 $M | -628.81% |
EPS (Basic) $ | -2.02 $ | 0.37 $ | -645.95% |
EPS (Diluted) $ | -2.02 $ | 0.37 $ | -645.95% |
R&D Expense $M | 177.10 $M | 163.30 $M | +8.45% |
Answers draw on this SEC filing and the data on this page
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.
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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