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WESTMINSTER, Colo. - On Wednesday, Trimble Inc. (NASDAQ:TRMB) reported second-quarter earnings that exceeded analyst expectations and raised its full-year guidance, reflecting strong business momentum.
The technology company’s shares jumped 5.20% in pre-market trading after the release.
The company posted adjusted earnings of $0.71 per share for the second quarter, comfortably beating the analyst consensus of $0.63. Revenue came in at $875.7 million, surpassing expectations of $835.81 million and showing a 1% increase YoY and 8% growth on an organic basis.
Trimble achieved record second-quarter annualized recurring revenue of $2.21 billion, up 5% YoY and 13% on an organic basis, demonstrating the success of its Connect & Scale strategy. The company also reported record second-quarter gross margin of 70.6% on a non-GAAP basis.
"In the second quarter, the Trimble team delivered record annualized recurring revenue of $2.21 billion and surpassed expectations on both the top and bottom lines," said Rob Painter, president and CEO of Trimble. "Our results reflect ongoing momentum in the business and continued validation of our Connect & Scale strategy."
Looking ahead, Trimble raised its full-year 2025 guidance, now expecting revenue between $3.48 billion and $3.56 billion, above the consensus of $3.43 billion. The company also increased its adjusted EPS forecast to $2.90-$3.06, higher than the analyst estimate of $2.89.
For the third quarter, Trimble projects revenue of $850-890 million and adjusted EPS of $0.67-$0.75, both exceeding analyst expectations.
The strong performance and improved outlook reflect Trimble’s successful business transformation and growing recurring revenue streams, which now represent a significant portion of the company’s overall revenue.
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