Trimble (TRMB) Q2 FY2026 earnings: revenue $972 million, up 11.0% on the year

Trimble Inc. (TRMB) reported revenue of $972 million for Q2 FY2026, the quarter ended 3 July 2026, up 11.0% on the same quarter a year earlier. Net income was -$472 million, and diluted earnings per share $-2.02. The figures are the company's own, from the 10-Q it filed with the SEC on 12 August 2026.

Revenue

$972 million

+11.0% on the year · +3.4% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

13.6%

14.6% a year earlier

Q3 FY2024Q2 FY2026

Net income

-$472 million

Q3 FY2024Q2 FY2026

Diluted EPS

-$2.02

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 3 lowered, 7 new.

Revenue rose 11 percent: Revenue was $972.0 million against $875.7 million a year earlier; organic revenue, excluding currency and recent acquisitions and divestitures, rose 10 percent.
GAAP net loss from goodwill charge: GAAP net loss was $(471.7) million against net income of $89.2 million; non-GAAP net income was $200.3 million, against $169.4 million.
Results said to exceed expectations: Management said second-quarter results exceeded expectations and raised full-year 2026 revenue and earnings guidance.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	972	940	876	+3.4%	+11.0%
Cost of revenue	297	294	278	+1.2%	+6.9%
Gross profit	675	646	598	+4.4%	+12.9%
Gross margin	69.4%	68.8%	68.3%
Research and development	177	170	163	+4.5%	+8.5%
Operating income	132	144	128	-8.3%	+3.3%
Operating margin	13.6%	15.3%	14.6%
Interest expense	20.9	19.5	19.4	+7.2%	+7.7%
Pre-tax income	-445	131	113
Income tax	26.9	32.4	24.1	-17.0%	+11.6%
Effective tax rate	n/a	24.7%	21.3%
Net income	-472	98.9	89.2
Net margin	-48.5%	10.5%	10.2%
Diluted EPS	-$2.02	$0.42	$0.37

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	240	275	-53.5	-12.5%
Capital expenditure	7.1	6.1	5.9	+16.4%	+20.3%
Free cash flow	233	269	-59.4	-13.2%
Free cash flow margin	24.0%	28.6%	-6.8%
Cash from investing	-240	-5.1	-12.7
Cash from financing	-16.5	-286	28.5
Depreciation and amortisation	51.1	49.9	49.9	+2.4%	+2.4%
Share-based compensation	43.3	41.8	37.9	+3.6%	+14.2%
Buybacks	6.2	323	50.0	-98.1%	-87.6%
Diluted shares, weighted	233m	237m	240m	-1.6%	-2.8%
Shares outstanding at period end	233m	232m	238m	+0.6%	-2.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	5,111	5,637	5,688	-9.3%	-10.1%
Debt	1,459	1,413	1,512	+3.3%	-3.5%
Other liabilities	1,971	1,941	1,899	+1.5%	+3.8%
Total liabilities and equity	8,541	8,991	9,099	-5.0%	-6.1%
Fixed assets	183	181	187	+1.3%	-2.0%
Goodwill	4,827	5,214	5,248	-7.4%	-8.0%
Intangible assets	850	872	1,015	-2.5%	-16.2%
Cash and equivalents	214	234	266	-8.4%	-19.4%
Receivables	598	618	540	-3.1%	+10.9%
Inventory	185	188	180	-1.4%	+3.1%
Other assets	1,683	1,685	1,665	-0.1%	+1.1%
Total assets	8,541	8,991	9,099	-5.0%	-6.1%

Questions

What was Trimble's revenue in Q2 FY2026?

Trimble (TRMB) reported revenue of $972 million for Q2 FY2026, the quarter ended 3 July 2026, up 11.0% on the same quarter a year earlier.

How much did Trimble earn in Q2 FY2026?

Net loss for Q2 FY2026 was $472 million, and the diluted loss per share $2.02.

When did Trimble report Q2 FY2026 results?

Trimble filed its 10-Q for the quarter ended 3 July 2026 with the SEC on 12 August 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	926	994	941	885	856	915	994	957	932	953	871	876	983	841	876	901	970	940	972	967
Cost of revenue	414	444	404	370	353	355	389	367	355	360	325	300	302	280	278	280	272	294	297	308
Gross profit	512	550	538	515	503	561	604	590	577	594	546	576	681	561	598	621	698	646	675	659
Gross margin	55%	55%	57%	58%	59%	61%	61%	62%	62%	62%	63%	66%	69%	67%	68%	69%	72%	69%	69%	68%
R&D	136	140	140	127	135	159	175	162	168	170	162	156	175	158	163	153	156	170	177	163
Operating income	128	157	135	122	96.7	137	93.6	121	96.9	109	61.6	116	174	97.5	128	150	216	144	132	142
Operating margin	14%	16%	14%	14%	11%	15%	9%	13%	10%	11%	7%	13%	18%	12%	15%	17%	22%	15%	14%	15%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	46.7	46.8	n/a	45.2	18.1	14.1	13.3	15.6	19.4	20.7	18.7	19.5	20.9	20.4
Pre-tax income	118	138	222	118	91.1	161	57.5	79.4	59.5	73.0	1,762	73.1	97.8	86.4	113	125	185	131	-445	121
Tax rate	2%	20%	24%	27%	6%	20%	22%	6%	-6%	22%	25%	44%	8%	23%	21%	11%	15%	25%	n/a	51%
Net income	115	110	168	85.8	85.6	129	44.6	74.9	63.0	57.2	1,316	40.6	90.2	66.7	89.2	112	157	98.9	-472	59.1
Net margin	12%	11%	18%	10%	10%	14%	4%	8%	7%	6%	151%	5%	9%	8%	10%	12%	16%	11%	-49%	6%
Diluted EPS	$0.45	$0.44	$0.67	$0.34	$0.34	$0.52	$0.18	$0.30	$0.25	$0.23	$5.34	$0.16	$0.36	$0.27	$0.37	$0.46	$0.65	$0.42	-$2.02	$0.25
Operating cash flow	155	153	48.8	83.3	106	209	142	147	98.9	234	87.6	94.9	115	156	-53.5	124	160	275	240	150
Capital expenditure	14.7	14.5	14.0	8.1	6.6	6.4	12.6	13.2	9.8	6.8	14.3	6.4	6.1	6.6	5.9	7.2	5.6	6.1	7.1	7.9
Free cash flow	141	138	34.8	75.2	99.5	202	130	134	89.1	227	73.3	88.5	109	149	-59.4	117	155	269	233	142
Buybacks	40.0	105	200	90.0	0.0	0.0	0.0	0.0	100	175	0.0	0.0	0.0	627	50.0	50.0	136	323	6.2	224
Shares outstanding	251m	250m	248m	247m	247m	247m	248m	249m	246m	244m	245m	246m	246m	237m	238m	238m	236m	232m	233m	230m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 July 2026, filed 12 August 2026: the filing.