Trimble reports 11% revenue growth, raises 2026 guidance and authorizes $1B buyback

Trimble reported second-quarter 2026 revenue of $972.0 million, up 11% year over year, with non-GAAP EPS of $0.86 and annualized recurring revenue of $2.51 billion, up 14%. GAAP net loss was $471.7 million, largely due to a $562.0 million goodwill impairment in its Transportation and Logistics segment. The company raised full-year 2026 guidance to $3.90 billion-$3.95 billion in revenue and $3.60-$3.70 in non-GAAP EPS, while authorizing up to $1.0 billion in share repurchases.