Trimble Q3 FY2026: sales up 7.3%, GAAP EPS slips to $0.25
Trimble delivered a modest revenue beat and a narrow non-GAAP earnings miss: $966.8 million of sales, up 7.3%, and $0.86 of adjusted EPS against a $0.8789 consensus. GAAP EPS fell to $0.25 as the tax rate jumped to 51.3%. Read the revenue and recurring-revenue lines as the health signal, and treat this quarter's GAAP profit as largely a tax-line artifact.
1 · Expected vs. Actual
Free preview belowNon-GAAP EPS of $0.86 improved from $0.81 a year ago but landed 2.2% below the $0.8789 consensus. GAAP EPS fell to $0.25 from $0.46 because the tax provision jumped to $62.2 million, a 51.3% effective rate versus 10.9% a year earlier. Operating income only slipped 5.6% to $142.0 million, so the profit decline sits mostly below the operating line.
Revenue of $966.8 million rose 7.3% from $901.2 million a year earlier, and management described the quarter as a beat. Subscription and services contributed $642.5 million, or 66.5% of the total, with product at $324.3 million. Sequentially sales dipped from $972.0 million in Q2, so the trend is steady rather than accelerating.
For Q4, Trimble guides revenue of $1,031 million to $1,061 million and non-GAAP EPS of $1.13 to $1.19; the $1,046 million revenue midpoint implies 8.2% sequential growth. The full year is set at $3,910 million to $3,940 million of revenue and $3.63 to $3.69 of non-GAAP EPS. On a GAAP basis the full year is still a loss of $0.55 to $0.49 per share, reflecting the $562.0 million goodwill impairment booked in Q2.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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