Trimble Inc. Reports Strong Q2 2025 Results and Raises Full-Year Guidance

Trimble Inc., a global technology company specializing in connecting the physical and digital worlds, has released its financial results for the second quarter of 2025. The company reported record annualized recurring revenue and gross margin, surpassing expectations and raising its full-year guidance.

Financial Highlights

For the second quarter of 2025, Trimble reported revenue of $875.7 million, marking a 1% increase year-over-year and an 8% increase on an organic basis. The company's annualized recurring revenue (ARR) reached $2.21 billion, up 5% year-over-year and 13% on an organic basis. GAAP operating income was $127.8 million, representing 14.6% of revenue, while non-GAAP operating income was $222.6 million, or 25.4% of revenue. GAAP net income stood at $89.2 million, with non-GAAP net income at $169.4 million. Diluted earnings per share (EPS) were $0.37 on a GAAP basis and $0.71 on a non-GAAP basis. Adjusted EBITDA was $239.9 million, accounting for 27.4% of revenue.

Business and Operational Highlights

Trimble's performance was driven by its Connect & Scale strategy, which continues to show strong momentum. The company achieved record gross margins and significant growth in its subscription and services revenue, which totaled $582.9 million for the quarter. The company also repurchased $50.0 million worth of shares in the second quarter, bringing the year-to-date total to $677.4 million.

Strategic Initiatives and Corporate Developments

Trimble's strategic initiatives included the divestiture of its Mobility segment, which closed on February 8, 2025. This move is expected to streamline operations and focus on core business areas. The company also highlighted its ongoing share repurchase program, which underscores its commitment to returning value to shareholders.

Management's Perspective

Rob Painter, President and CEO of Trimble, commented, "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. Our results reflect ongoing momentum in the business and continued validation of our Connect & Scale strategy. We are raising our full-year 2025 guidance, reflecting our first half's performance and underlying business momentum."

Future Outlook

Looking ahead, Trimble has raised its full-year 2025 guidance, now expecting revenue between $3,480 million and $3,560 million. GAAP earnings per share are projected to be between $1.55 and $1.70, while non-GAAP earnings per share are expected to range from $2.90 to $3.06. For the third quarter of 2025, the company anticipates revenue between $850 million and $890 million, with GAAP earnings per share of $0.34 to $0.43 and non-GAAP earnings per share of $0.67 to $0.75.

SEC Filing: TRIMBLE INC. [ TRMB ] - 8-K - Aug. 06, 2025