Trimble Inc. announced financial results for the second quarter of 2025.
Second Quarter 2025 Financial Highlights
- Revenue of $875.7 million, up 1 percent on a year-over-year basis, up 8 percent on an organic basis
- Annualized recurring revenue ("ARR") was $2.21 billion, up 5 percent year-over-year, up 13 percent on an organic basis
- GAAP operating income was $127.8 million, 14.6 percent of revenue, and non-GAAP operating income was $222.6 million, 25.4 percent of revenue
- GAAP net income was $89.2 million and non-GAAP net income was $169.4 million
- Diluted earnings per share ("EPS") was $0.37 on a GAAP basis and $0.71 on a non-GAAP basis
- Adjusted EBITDA was $239.9 million, 27.4 percent of revenue
- Share repurchase of $50.0 million in the second quarter and $677.4 million year-to-date
Executive Quote
"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."
Forward-Looking Guidance
For 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.
For 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.
Full-year 2025 guidance reflects the closing of the Mobility divestiture, which closed on February 8, 2025. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.
Investor Conference Call / Webcast Details
Trimble will hold a conference call on August 6, 2025 at 8:00 a.m. ET to review its second quarter of 2025 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, https://www.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://registrations.events/direct/Q4I841130. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.
