Trimble boosted its 2026 revenue and EPS targets after reporting 10% organic growth and record recurring revenue in Q2.
Trimble reported second-quarter revenue of $972 million, exceeding expectations with 10% organic growth and a 12% rise in annual recurring revenue to $2.509 billion. Expanded EBITDA margins and strength in AECO and Field Systems drove the performance.
The company raised its 2026 revenue outlook to $3.925 billion and EPS to $3.65, accelerating its 30% EBITDA margin target by one year. A new $1 billion share-repurchase program was also authorized.
Trimble will evaluate third-party interest in its Transportation and Logistics business, though no timeline or outcome is set. Field Systems growth faces a temporary headwind from replacing a white-label product.