Slide 1: Trimble Inc. Third Quarter 2025 Earnings Summary
Trimble Inc. Third Quarter 2025 Earnings Summary © 2025 Trimble, Inc - All Rights Reserved
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation and any subsequent Q&A period are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation
Slide 3: Today's Agenda
Today’s Agenda 01 Q3’25 Highlights 02 Q3’25 Financial Results 03 Segment Financial Results 04 FY’25 + Q4’25 Financial Outlook Rob Painter Phil Sawarynski President and Chief Chief Financial Executive Officer Officer 3
Slide 4: FY'25 Key Themes
FY’25 Key Themes Clarity Durability Focused Portfolio Connect & Scale Business Model Strength Momentum Operational and Financial Momentum 4
Slide 5: Q3'25 Financial Highlights
Q3'25 Financial Highlights AS-REPORTED AS-ADJUSTED(1,2) $901M $901M Revenue +10% organic +11% organic above high end of guidance above high end of guidance $2,310M $2,310M ARR +14% organic +15% organic above high end of guidance above midpoint of guidance $0.81 Non-GAAP EPS(3) NA above high end of g
Slide 6: Q3'25 Summary
Q3'25 Summary Highlights / Drivers ● Q3’25 organic revenue and ARR THIRD QUARTER, AS-ADJUSTED(1,2) growth were ahead of expectations, driven by strong ($M) Q3’25 Q3’24 YoY software and recurring revenue growth Revenue $901 $803 +11% organic ● Non-GAAP gross margin and operating margin expansion ARR
Slide 7: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Year-To-Date Cash Flow Balance Sheet ($M) 2025 2024 ($M) Q3’25 Actual Operating Cash Flow $226 $416 Cash and Equivalents $233 Capital Expenditures $20 $27 Total Debt $1,392 (2) Free Cash Flow $206 $389 Net Debt $1,159 TTM As-Adjusted EBITDA(1) $949 YTD operating and free
Slide 8: AECO
AECO (Architects, Engineers, Construction, Owners) Highlights / Drivers THIRD QUARTER(1) ($M) Q3’25 Q3’24 YoY ● Revenue, ARR, and operating margin ahead of expectations Revenue $358 $306 +17% organic ● +17% organic ARR growth; bookings growth in line with long ARR $1,423 $1,210 +17% organic term mod
Slide 9: Field Systems
Field Systems Highlights / Drivers THIRD QUARTER(1) ($M) Q3’25 Q3’24 YoY ● Revenue outperformed, driven by strong growth in Civil Construction Revenue $409 $375 +8% organic ● ARR growth driven by strength in WorksPlus machine control offering, ARR $386 $328 +18% organic Catalyst positioning as a serv
Slide 10: Transportation & Logistics
Transportation & Logistics Highlights / Drivers THIRD QUARTER, AS-ADJUSTED(1,2) ($M) Q3’25 Q3’24 YoY ● As-adjusted results exclude Mobility which was divested on February 8, 2025 Revenue $134 $122 +4% organic ● 7% organic ARR growth; Maps ARR $501 $444 +7% organic and Transporeon continue to be prim
Slide 11: Updated FY'25 Outlook
Updated FY'25 Outlook FY'25 Outlook Notes Italics = comparison to August 2025 Guidance AS-REPORTED AS-ADJUSTED(1) ● Increasing full year guidance by $45M revenue, $0.10 EPS at midpoint. Organic ARR Growth +12% to +14% +13% to +15% unchanged unchanged ● Free cash flow forecast remains at ≈0.6X $3.545
Slide 12: Updated FY'25 Segment Details
Updated FY'25 Segment Details FY'25 Segment Details and Outlook (As-Adjusted)(1) Italics = comparison to August 2025 Guidance AECO FIELD SYSTEMS T&L ≈$1.495B ≈$1.52B ≈$525M Revenue (FY’24=$1.283B) (FY’24=$1.447B) (FY’24=$479M) +$5M +$40M Unchanged Organic revenue growth Y/Y % +Mid-teens % +MSD +MSD%
Slide 13: Q4'25 Outlook
Q4'25 Outlook Q4’25 Outlook Notes ● As adjusted: Removes the Mobility AS-REPORTED AS-ADJUSTED(1) business and 53rd week from Q4’24 Organic ARR Growth +12% to +14% +13% to +15% ● Timing note: Q4’25 benefits from ≈$60M of January 1 term license renewals. ≈6% Revenue $927 to $967M $927 to $967M organic
Slide 14: Appendix & Reconciliations
Appendix & Reconciliations © 2025 Trimble, Inc - All Rights Reserved
Slide 15: Historical segment financials (as-reported)
Historical segment financials (as-reported) Revenue ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 AECO $288 $264 $270 $289 $1,111 $339 $300 $306 $414 $1,359 $335 $350 $358 Field Systems 480 541 495 452 1,968 419 379 375 363 1,536 359 393 409 Transportation & Log
Slide 16: Historical revenue growth metrics (as-reported)
Historical revenue growth metrics (as-reported) AECO Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Organic 17% 15% 15% 14% 15% 18% 14% 13% 43% 22% 0% 16% 17% Acquisitions 5% 6% 4% 1% 4% 0% 0% 1% 0% 0% 0% 0% 0% Divestitures 0% -1% -1% -1% -1% -1% -1% -1% -1% -1% 0% 0%
Slide 17: Historical ARR growth metrics (as-reported)
Historical ARR growth metrics (as-reported) ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 Field Systems 273 283 290 289 304 308 328 341 358 358 386 Transportation & Logistics 451 614 624 626
Slide 18: Historical segment financials (as-adjusted)
Historical segment financials (as-adjusted) Agriculture ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Revenue $146 $134 $119 $110 $508 $85 NA NA NA $85 NA NA NA Operating Income 56 42 40 33 171 8 NA NA NA 8 NA NA NA Operating Margin 38.3% 31.5% 33.8% 29.8% 33.6%
Slide 19: Historical revenue growth metrics (as-adjusted)
Historical segment financials (as-adjusted) Revenue (as-adjusted) ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 excluding agriculture, mobility & 53rd wk AECO $288 $264 $270 $289 $1,111 $339 $300 $306 $338 $1,283 $335 $350 $358 Field Systems 334 407 376 342 1,46
Slide 20: Historical revenue growth metrics (as-adjusted)
Historical revenue growth metrics (as-adjusted) AECO (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Organic 17% 15% 15% 14% 15% 18% 14% 13% 17% 16% 0% 16% 17% Acquisitions 5% 6% 4% 1% 4% 0% 0% 0% 0% 0% 0% 0% 0% Divestitures -1% -1% -1% -1% -1% -1% -1% -1%
Slide 21: Historical ARR growth metrics (as-adjusted)
Historical ARR growth metrics (as-adjusted) ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 Field Systems 255 266 274 281 288 308 328 341 358 358 386 Transportation & Logistics 242 405 411 420
Slide 22: As-adjusted reconciliation
As-adjusted reconciliation $ in MMs Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Revenue, As-Reported $915 $994 $957 $932 $3,799 $953 $871 $876 $983 $3,683 $841 $876 $901 Less: Agriculture (146) (134) (119) (110) (508) (85) NA NA NA (85) NA NA NA Less: Mobility (77)