Trimble Q2 profit beats on growth across segments - TRMB News | RalliesTrimble Q2 profit beats on growth across segments
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TRMB• Key figures and analyst views
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | Beat | $972 million | $951.91 million (10 analysts) |
| Q2 Adjusted Net Income | Beat | $200.30 million | $187.32 million (10 analysts) |
| Q2 Net Loss | | $471.70 million | |
| Q2 Adjusted EBITDA | Beat | $278 million | $262.27 million (7 analysts) |
| Q2 Operating Income | | $132 million | |
- The current average analyst rating on the shares is buy, with 15 strong buy or buy recommendations, no hold, and no sell or strong sell ratings.
- The average consensus recommendation for the software peer group is buy.
- Wall Street's median 12-month price target for Trimble Inc is $80.00, about above its August 11 closing price of .
38%
$57.98
The stock recently traded at 15 times the next 12-month earnings, versus a P/E of 18 three months ago.Guidance raised for full year 2026
- Trimble raised its full-year 2026 revenue guidance to $3.9 billion-$3.95 billion.
- The company expects full-year 2026 non-GAAP EPS of $3.60-$3.70.
- Trimble said third-quarter revenue is expected to be between $953 million and $978 million.
Quarterly results beat expectations
- US geospatial tech firm Trimble said second-quarter revenue rose 11% year over year, beating analyst expectations.
- Adjusted net income for the quarter also beat analyst expectations.
- The company authorized a new $1 billion share repurchase program, replacing the prior authorization.
Growth across segments drove results
- The company said record annualized recurring revenue, up 14% year over year, drove results across all segments.
- Trimble reported record second-quarter gross margins, citing ongoing execution of its Connect & Scale strategy.
- Revenue and operating income margins increased year over year in the AECO, Field Systems, and T&L segments.
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