NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-08-31
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Create your account →Warn: Primary pillar under pressure — EPS guidance for FY26: FY26 EPS guidance mid -$0.1 vs target $3.56.
Trimble grows revenue about 7.5% yearly. Recurring revenue rose 12% to $2.43 billion. The company buys back shares actively, spending $316.9 million recently. Profit per share is guided near $3.56 for 2026.
Management is volatile and behind on some goals. Guidance was cut despite recent beats. Audit chair changes may hurt future guidance trust. The stock fell 22.7% from its high.
The price is about 23% below our fair value near $68. Analysts expect about 7% revenue growth. Our view aligns with this cautious outlook.
Breaks if: EPS guidance falls below $3.47 next year
Breaks if: Audit chair shift causes material weakness or guidance loss
ARR growth falls below 12% YoY next year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on growing annual recurring revenue (ARR). The current thesis state is intact, as recent performance remains strong within its industry, although management has shown volatility.
The market seems to have priced in a justified valuation, with TRMB appearing cheap compared to its peers. There is a slight expectations gap, indicating that the market may not fully anticipate future growth potential.
Fundamentals are likely to continue improving, as management is on track with its priorities, including growing ARR and executing a share repurchase program. However, there is an elevated risk due to the potential for guidance cuts, which could negatively impact sentiment.
The thesis hinges on the performance of sector bellwethers like APH, GLW, and KEYS. If these companies continue to perform well, it could provide a favorable backdrop for TRMB. Conversely, any negative guidance from these peers could pose a risk to TRMB's momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports a positive outlook. Trimble raised its revenue and EPS guidance for 2026, reinforcing growth objectives. There are no current threats impacting the thesis.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: YoY revenue growth falls below 7.5% in FY26
Breaks if: Share repurchase falls below $316.9 million in Q1 2026
Overall, TRMB's fundamentals are solid, but the company faces risks from external factors in the tech sector. Not investment advice.
