Trimble reported second-quarter results that exceeded its guidance midpoint, driven by strength in its AECO and Field Systems segments. Revenue totaled $972 million, representing 10% organic growth, while annual recurring revenue rose 12% to a record $2.509 billion. The company raised its 2026 revenue outlook to $3.925 billion and earnings per share guidance to $3.65, and now expects a 30% EBITDA margin one year earlier than previously targeted. Trimble also authorized a new $1 billion share repurchase program and said it will review inbound interest in its Transportation and Logistics business with no predetermined outcome or timeline.
Trimble IncTrimble beat Q2 estimates, raised guidance, and authorized a $1 billion buyback.
