$TRMB · TRIMBLE INC.
Trimble reported Q3 FY2026 (ended Oct 2, 2026) results: revenue $966.8M, up 7% YoY and 7% organic; record ARR of $2.56B, up 11% YoY. GAAP net income was $59.1M (diluted EPS $0.25) versus $111.5M a year ago, while non-GAAP net income was $200.5M (EPS $0.86). A $562M goodwill impairment in the first three quarters pushed nine-month GAAP results to a net loss of $313.7M. The company repurchased ~4.0M shares for $231.7M in the quarter.
- Revenue $966.8M, +7% YoY and +7% organic
- Record ARR $2.56B, +11% YoY
- GAAP net income $59.1M vs $111.5M prior year
- Non-GAAP EPS $0.86 vs GAAP diluted EPS $0.25
- $562M goodwill impairment drove nine-month net loss of $313.7M
Extended-hours last trade $62.60, down 4.59% vs the $65.61 regular close, signaling a negative after-hours reaction despite the revenue beat — likely on the full-year GAAP loss guidance and impairment.
A top-line beat and record ARR are offset by a $562M goodwill impairment that flips full-year GAAP results to a loss, pressuring the stock after hours.
Trimble's ARR growth and subscription mix (subscription/services revenue $642.5M vs product $324.3M) reflect the broader industrial-software shift to recurring revenue.
The filing flags a $562M goodwill impairment and notes ongoing material weaknesses in internal control over financial reporting that the company is still working to remediate.