Trimble (TRMB) Q4 2025 earnings summary

Executive summary

• Fourth quarter and full-year results exceeded expectations, with strong top- and bottom-line performance and momentum heading into 2026 and the 2027 plan.

• Achieved record annualized recurring revenue (ARR) of $2.39 billion, up 14% organically, and strong revenue and margin expansion driven by software and recurring revenue.

• Strategic transformation since 2020 increased recurring revenue to 65% of total and improved margins across key metrics.

• Divestitures of agriculture and mobility businesses streamlined operations and improved comparability of results.

Financial highlights

• Q4 revenue reached $970 million, up 9% year-over-year; full-year revenue was $3.57 billion, up 10% organically.

• Q4 ARR was $2.39 billion, up 14% organically; Q4 EPS was $1.00 non-GAAP, and full-year non-GAAP EPS was $3.13.

• Q4 gross margin expanded to 74.6% non-GAAP; Q4 adjusted EBITDA margin was 33.5%.

• Free cash flow for the year was $361 million; year-end cash and equivalents were $253 million, with a leverage ratio of 1.1x.

• Q4 GAAP operating income was $216.2 million (22.3% margin); Q4 non-GAAP operating income was $313.1 million (32.3% margin).

Outlook and guidance

• FY26 revenue guidance: $3.81–$3.91 billion (6%–9% organic growth); non-GAAP EPS: $3.42–$3.62; ARR growth: 12%–14%.

• Q1 2026 revenue guidance: $893–$918 million; non-GAAP EPS: $0.69–$0.74; ARR growth: 12%–14%.

• All segments are aligned to deliver 2027 targets: $3 billion ARR, $4 billion revenue, and 30% EBITDA margin.