Trimble Inc. · NASDAQ:TRMB

Trimble — Q1 2026 Earnings Presentation

23 slides from Trimble's earnings presentation, May 6, 2026

  1. Slide 1: First Quarter 2026 Earnings Summary

    Trimble Inc. First Quarter 2026 Earnings Summary © 2026 Trimble, Inc - All Rights Reserved

  2. 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

  3. Slide 3: Today's Agenda

    Today’s Agenda 01 Q1’26 Highlights 02 Q1’26 Financial Results 03 Segment Financial Results Rob Painter Phil Sawarynski President and Chief Chief Financial 04 FY’26 + Q2’26 Financial Outlook Executive Officer Officer Trimble at ConExpo 3

  4. Slide 4: From hours to minutes using the Trimble ecosystem

    From hours to minutes using the Trimble ecosystem Civil Earthworks Construction The machine model enables automated blade control of a dozer or excavator to the desired grade Civil Design & Engineering Terrain design modeling that also 1 translates a design model into a 4 Capture the jobsite in 3D c

  5. Slide 5: Trimble AI delivering actionable outcomes

    Trimble AI delivering actionable outcomes Airport: 145 km, 4800+ assets Rail: mapped 33k km on Tunnel: verified position Road: 10% in project savings automatically extracted and DB rail at normal train for 20k railway ties through digitalization and classified with Trimble operation speeds with automa

  6. Slide 6: AI-Powered Risk Management

    AI-Powered Risk X = Management VISION REACH CONNECTION An industry with zero disputes Inside the largest construction Connecting data across and stronger relationships. tech platform in the world. office and field. “Document Crunch has enabled us “With Document Crunch, we're “Think of the hours and tim

  7. Slide 7: Q1'26 Summary

    Q1'26 Summary FIRST QUARTER, AS-ADJUSTED(1,2) Highlights / Drivers ($M) Q1’26 Q1’25 YoY ● Q1’26 revenue growth driven by recurring revenue Revenue $940 $818 +12% organic growth and strength in Field Systems ARR $2,435 $2,111 +13% organic ● Gross margin and operating Non-GAAP Gross Margin 71.0% 69.9%

  8. Slide 8: Balance Sheet and Cash Flow

    Balance Sheet and Cash Flow Year-To-Date Cash Flow Balance Sheet ($M) 2026 2025 ($M) Q1’26 Actual Operating Cash Flow $275 $156 Cash and Equivalents $234 Capital Expenditures $6 $7 Total Debt $1,413 (1) Free Cash Flow $269 $149 Net Debt $1,179 TTM As-Adjusted EBITDA(2) $1,092 Strong Q1’26 cash flow a

  9. Slide 9: AECO

    AECO (Architects, Engineers, Construction, Owners) Highlights / Drivers FIRST QUARTER(1) ($M) Q1’26 Q1’25 YoY ● Strong ARR, revenue and operating margin Revenue $391 $335 +14% organic performance: in-line with long-term expectations ARR $1,510 $1,294 +14% organic ● Global expansion of Trimble Constr

  10. Slide 10: Field Systems

    Field Systems Highlights / Drivers FIRST QUARTER(1) ($M) Q1’26 Q1’25 YoY ● Revenue driven by strong growth in Civil Construction and Revenue $409 $359 +12% organic Geospatial, led by demand in road construction, solar, ARR $400 $358 +12% organic manufacturing, and data center projects Operating Inco

  11. Slide 11: Transportation & Logistics

    Transportation & Logistics Highlights / Drivers FIRST QUARTER, AS-ADJUSTED(1,2) ($M) Q1’26 Q1’25 YoY ● As-adjusted results exclude Mobility which was divested Revenue $140 $123 +7% organic on February 8, 2025 ● 9% organic ARR growth ARR $525 $459 +9% organic driven by continued growth in Transporeon

  12. Slide 12: Full Year 2026 Outlook

    Full Year 2026 Outlook FY'26 Outlook Notes FY’26 ● Strong organic growth expected to continue in FY’26 with continued Organic ARR Growth +12% to +14% progression towards $3B ARR, $4B revenue, 30% EBITDA margins in Revenue $3.835 to $3.915B 2027 Total Growth +7% to +9% ● Operating margins driven by O

  13. Slide 13: Full Year 2026 Segment Details

    Full Year 2026 Segment Details FY'26 Segment Details and Outlook(1) AECO FIELD SYSTEMS T&L ≈$1.71B ≈$1.6B ≈$565M Revenue (FY’25=$1.5B) (FY’25=$1.54B) (FY’25=$527M)(1) Organic revenue growth Y/Y % +Low-mid-teens % +LSD/MSD% +MSD% Organic ARR growth Y/Y % +Mid-teens % +Low/mid-teens % +HSD % Operating

  14. Slide 14: Q2'26 Outlook

    Q2'26 Outlook Q2’26 Outlook Notes Q2’26 ● Net interest expense ≈$22M ● Avg. share count of 234M Organic ARR Growth +12% to +14% ● Tax rate of 17.5% Revenue $938M to $963M Total Growth 7% to 10% Organic Growth 6% to 9% Non-GAAP Operating Margin 25.8% to 26.4% Adj. EBITDA Margin 27.4% to 28.0% Non-GAA

  15. Slide 15: Appendix & Reconciliations

    Appendix & Reconciliations © 2026 Trimble, Inc - All Rights Reserved

  16. Slide 16: Historical segment financials (as-reported)

    Historical segment financials (as-reported) Revenue ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 AECO $339 $300 $306 $414 $1,359 $335 $350 $358 $454 $1,499 $391 Field Systems 419 379 375 363 1,536 359 393 409 379 1,539 409 Transportation & Logistics 195 192 195 207 789 146

  17. Slide 17: Historical revenue growth metrics (as-reported)

    Historical revenue growth metrics (as-reported) AECO Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Organic 18% 14% 13% 43% 22% 0% 16% 17% 8% 10% 14% Acquisitions 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% 0% Divestitures -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% 0% Foreign Currency +1% 0% 1% 1% 1% -

  18. Slide 18: 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 Q4-25 Q1-26 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 $1,510 Field Systems 273 283 290 289 304 308 328 341 358 358 386 409 400 Transport

  19. Slide 19: Historical segment financials (as-adjusted)

    Historical segment financials (as-adjusted) Agriculture ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Revenue $85 NA NA NA $85 NA NA NA NA $0 NA Operating Income 8 NA NA NA 8 NA NA NA NA 0 NA Operating Margin 9.8% NA NA NA 9.8% NA NA NA NA 0.0% NA Mobility ($MMs) Q1-24 Q2-2

  20. Slide 20: Historical segment financials (as-adjusted)

    Historical segment financials (as-adjusted) Revenue (as-adjusted) ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 AECO $339 $300 $306 $338 $1,283 $335 $350 $358 $454 $1,499 $391 Field Systems 334 379 375 359 1,447 359 393 409 379 1,539 409 Transportation & Logistics 116 117 1

  21. Slide 21: Historical revenue growth metrics (as-adjusted)

    Historical revenue growth metrics (as-adjusted) AECO (as-adjusted) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Organic 18% 14% 13% 17% 16% 0% 16% 17% 32% 16% 14% Acquisitions 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Divestitures -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% 0% Foreign Currency 0%

  22. Slide 22: 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 Q4-25 Q1-26 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 $1,510 Field Systems 255 266 274 281 288 308 328 341 358 358 386 409 400 Transport

  23. Slide 23: As-adjusted reconciliation

    As-adjusted reconciliation $ in MMs Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Revenue, As-Reported $953 $871 $876 $983 $3,683 $841 $876 $901 $970 $3,587 $940 Less: Agriculture (85) NA NA NA (85) NA NA NA NA 0 NA Less: Mobility (79) (74) (73) (72) (298) (23) NA NA NA (23) NA L

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