Trimble (TRMB) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $966.8M, up 7% organically; ARR reached a record $2.564B, up 10% organically and 11% YoY, while non-GAAP EPS was $0.86, up 6% YoY.

• Revenue and EPS were in the upper half of guidance; FY26 adjusted EBITDA margin target was reached one year ahead of plan.

• Connect & Scale strategy focuses on connecting physical and digital workflows, scaling trusted industry data, and building AI adoption and monetization as customer usage matures.

Financial highlights

• Q3 non-GAAP gross margin was 70.5%, down 70 bps YoY; non-GAAP operating margin was 27.2%, down 100 bps, and adjusted EBITDA margin was 28.8% vs. 29.9%.

• Q3 GAAP net income was $59.1M and diluted EPS was $0.25; non-GAAP net income was $200.5M and diluted EPS was $0.86.

• 9M operating cash flow was $664.7M and free cash flow was $643.6M, versus $225.9M and $206.2M, respectively, in 9M 2025.

• A $562.0M T&L goodwill impairment contributed to a 9M GAAP net loss of $313.7M; adjusted 9M non-GAAP net income was $587.7M and diluted EPS was $2.51.

Outlook and guidance

• FY26 revenue guidance is $3.91B–$3.94B, with 9%–10% organic growth; non-GAAP EPS guidance is $3.63–$3.69 and adjusted EBITDA margin is 29.8%–30.0%.

• FY26 organic ARR growth outlook is ~10%, reduced from prior guidance of 12%–14%; free cash flow is expected at ~0.9x non-GAAP net income.

• Q4 revenue guidance is $1.031B–$1.061B, non-GAAP EPS $1.13–$1.19, and adjusted EBITDA margin 34.1%–34.7%.

• FY27 revenue and operating income face a ~$90M calendar headwind; ARR and free cash flow are unaffected. Excluding the operating-income impact, EPS growth is expected at the high end of the low- to mid-teens range.

• FY27 ARR growth is expected to show no deceleration from the updated FY26 exit rate; efficiency and reinvestment actions are estimated at $80M–$90M.