Trimble Inc. reported third quarter 2026 results that exceeded analyst expectations for both revenue and earnings, driven by the successful execution of its software-centric transition. The company achieved record annualized recurring revenue (ARR), highlighting the continued shift from hardware sales to high-margin subscription models despite a challenging macroeconomic environment in the agriculture and construction sectors.

Key Highlights

  • Revenue of $966.8 million grew 7% year-over-year, surpassing the consensus estimate of $928.4 million.
  • Non-GAAP EPS reached $0.86, beating the $0.73 estimate by nearly 18%.
  • Annualized Recurring Revenue (ARR) hit a record $2.56 billion, representing 11% year-over-year growth (10% organic).
  • Segment performance was led by AECO (Architecture, Engineering, Construction, and Owners) which grew revenue 10% to $395 million, while Field Systems rose 7% to $435.8 million.
  • Shareholder returns continued through the repurchase of approximately 4.0 million shares for $231.7 million during the quarter.