Trimble Q2 FY26 GAAP net loss widens to $471.7 million; revenue rises 11% to $972 million
TRMB•Buyback and guidance
The board authorized a new $1 billion share repurchase program, replacing the prior $1 billion authorization.
Full-year guidance was lifted to revenue of $3.9 billion to $3.95 billion. Trimble's Q3 outlook calls for revenue of $953 million to $978 million.
Q2 results and recurring revenue
Trimble posted Q2 2026 revenue of $972 million, up 11% year over year.
- GAAP results swung to a net loss of $471.7 million, driven largely by a $562 million goodwill impairment in T&L.
- Non-GAAP net income rose to $200.3 million.
- Annualized recurring revenue climbed to $2.51 billion, up 14%.
