Press release
Trimble Announces Second Quarter 2025 Results and Raises Full Year Guidance
Record second quarter annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord second quarter gross marginSecond
About this update from Trimble Inc.
[{"type":"text","content":"Record second quarter annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord second quarter gross marginSecond quarter results exceeded expectationsRaising full year 2025 guidanceWESTMINSTER, Colo., Aug 6, 2025 /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the second quarter of 2025.\nSecond Quarter 2025 Financial Highlights\nRevenue of $875.7 million, up 1 percent on a year-over-year basis, up 8 percent on an organic basisAnnualized recurring revenue (\"ARR\") was $2.21 billion, up 5 percent year-over-year, up 13 percent on an organic basisGAAP operating income was $127.8 million, 14.6 percent of revenue, and non-GAAP operating income was $222.6 million, 25.4 percent of revenueGAAP net income was $89.2 million and non-GAAP net income was $169.4 millionDiluted earnings per share (\"EPS\") was $0.37 on a GAAP basis and $0.71 on a non-GAAP basisAdjusted EBITDA was $239.9 million, 27.4 percent of revenueShare repurchase of $50.0 million in the second quarter and $677.4 million year-to-dateExecutive Quote\n\"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,\" said Rob Painter, president and CEO of Trimble. \"We are raising our full year 2025 guidance, reflecting our first half's performance and underlying business momentum.\"\nForward-Looking Guidance\nFor the full-year 2025, Trimble expects to report revenue between $3,480 million and $3,560 million, GAAP earnings per share of $1.55 to $1.70, and non-GAAP earnings per share of $2.90 to $3.06. GAAP guidance assumes a tax rate of 21.0 percent and non-GAAP guidance assumes a tax rate of 17.4 percent. Both GAAP and non-GAAP earnings per share assume approximately 242 million shares outstanding.\nFor the third quarter of 2025, Trimble expects to report revenue between $850 million and $890 million, GAAP earnings per share of $0.34 to $0.43, and non-GAAP earnings per share of $0.67 to $0.75. GAAP guidance assumes a tax rate of 19.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 240 million shares outstanding.\...