Trimble IncNasdaq: TRMB
Information Technology · Electronic Equipment & Instruments
$49.19
+0.64%
Vol: 2.8M
Research Digest
Friday, June 19, 2026
Trimble raised full-year 2026 guidance after Q1 beat but stock fell 11% as investors weighed the Barclays PT cut to $79 from $103
Trimble reported Q1 2026 revenue of $939.9M (+12% YoY organic) and ARR of $2.43B (+12% YoY organic), beating the $905.6M revenue estimate and posting non-GAAP EPS of $0.79 vs. the $0.72 consensus. The company raised full-year 2026 revenue guidance to $3,835M-$3,915M and repurchased ~4.7M shares for $316.9M. Trimble also announced a SketchUp integration with Anthropic's Claude AI and signed a deal to acquire Document Crunch, a construction AI document analysis firm. Despite the guidance raise, the stock fell ~11% on the earnings day, and Barclays subsequently cut its price target to $79 from $103, though Bernstein remained bullish. The key risk is that the market is skeptical of Trimble's software transition pace even as ARR and margins improve.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Trimble CEO Rob Painter participated in a fireside chat at the J.P. Morgan 2026 Global Technology, Media and Communications Conference on May 18, following Q1 results that featured 12% organic revenue growth to $939.9M and raised full-year guidance.Mixed▶
Trimble's Q1 2026 results released May 6 showed revenue of $939.9M (+12% YoY organic) beating $905.8M consensus by 3.8%, with adjusted EPS of $0.79 beating $0.72 by 9.8%. ARR reached $2.43B (+12% YoY) with record Q1 gross and operating margins. The company raised full-year 2026 revenue guidance to $3.84B-$3.92B and GAAP EPS to $2.05-$2.21, completed a $391.78M share buyback, launched a SketchUp integration with Anthropic's Claude AI, and acquired Document Crunch to establish an AI-powered contract risk management category. Despite the strong print and raised guidance, the stock fell 11.3% after the report. CEO Rob Painter spoke at the JPMorgan TMT conference on May 18 at 2:50pm ET.
May 20Trimble beat Q1 estimates with 12% organic revenue growth, raised 2026 guidance, and launched a Claude-powered SketchUp AI integration plus a Document Crunch acquisition.Mixed▶
Trimble reported Q1 2026 revenue of $939.9M, up 12% organically and beating the $905.8M consensus by 3.8%, with adjusted EPS of $0.79 versus $0.72 expected (a 9.8% beat) and ARR of $2.43B (also up 12% organically). The company raised full-year 2026 revenue guidance to $3.84B-$3.92B and GAAP diluted EPS guidance to $2.05-$2.21. Trimble repurchased approximately 4.7M shares for $316.9M during Q1 and completed a $391.78M total buyback. The company launched a new integration between SketchUp and Anthropic's Claude AI, enabling 3D model creation from conversational text, image, or speech prompts, and announced the acquisition of Document Crunch, creating a new AI-powered risk management category for contract intelligence and compliance. CEO Rob Painter participated in a fireside chat at the J.P. Morgan Global Tech Conference on May 18. Despite the strong print, shares dropped roughly 11.3% post-earnings.
May 19Trimble CEO Rob Painter spoke at J.P. Morgan TMT Conference on May 18 after raising FY26 revenue guidance to $3.84-3.92B.Positive▶
Trimble CEO Rob Painter participated in a fireside chat at the J.P. Morgan 2026 Global Technology, Media and Communications Conference on May 18, 2026. The appearance followed strong Q1 2026 results announced May 6: revenue of $939.9M (up 12% YoY organic) beat the $905.8M consensus, ARR reached $2.43B (up 12% YoY organic), and non-GAAP EPS of $0.79 topped consensus by 9.8% and exceeded the high end of guidance by $0.07. Trimble raised full-year 2026 revenue guidance to $3.84-$3.92B and GAAP diluted EPS to $2.05-$2.21. The company completed a $391.78M buyback program. Trimble also launched an integration between SketchUp 3D modeling and Anthropic's Claude AI, allowing users to create 3D models from natural-language prompts. Despite the strong print, shares have fallen 26.3% over the past six months to around $55.66.
May 18Trimble shares fell 7.1% on May 13 to $56.51 despite Q1 2026 beat and raised full-year guidance, with CEO Rob Painter set to present at JPMorgan TMT Conference on May 18.Mixed▶
Trimble reported Q1 2026 revenue of $939.9M (up 11.8% YoY, beating $905.8M est) with non-GAAP EPS of $0.79 (beating high end of guidance by $0.07), ARR of $2.43B (+12% YoY), and record gross/operating margins (71% gross, 27.4% EBITDA). The company raised full-year 2026 revenue guidance to $3.875B midpoint (~8% growth) and EPS to $3.55. Completed a $391.78M buyback program. Trimble launched a SketchUp integration with Anthropic Claude AI assistant via an MCP service, enabling 3D model creation from text/image/speech prompts. Document Crunch acquisition establishes an AI-powered risk management category for contract intelligence. Despite the beat, shares dropped 7.1% on May 13 to $56.51, down 26.3% over six months. CEO Rob Painter will participate in a fireside chat at J.P. Morgan 2026 Global TMT Conference on May 18.
May 15Trimble hits new 52-week low at $56.51 (May 13, -7.1%) despite raising FY26 revenue guidance to $3.875B and launching Claude-powered SketchUpMixed▶
Trimble (TRMB) hit a new 52-week low on May 13, 2026 as shares fell 7.1% to $56.51, with the stock down ~11% in May. The drop came despite strong Q1 2026 results on May 6: revenue of $939.9M (+12% organic), ARR of $2.43B (+12% organic), non-GAAP EPS of $0.79 beating the high end of guidance by $0.07. Trimble raised FY26 revenue guidance to $3.875B (~8% growth) and EPS to $3.55. The company launched a SketchUp integration with Anthropic's Claude AI for conversational 3D modeling and acquired Document Crunch for AI-powered contract risk management. It also repurchased ~4.7M shares for $316.9M in Q1. Risk: persistent stock weakness despite operational strength suggests investor concern about end-market demand and macro headwinds.
May 14Trimble hits 52-week low at $61.93 after Q1 beat and Document Crunch deal as analysts trim PTsMixed▶
Trimble shares fell 7.1% on May 13, 2026 to $56.51 and hit a 52-week low of $61.93, with the stock down 27.9% year-to-date despite delivering an upbeat Q1 2026 print. Quarterly revenue was $939.9M (up 12% YoY) beating $905.6M estimates, with EPS of $0.79 versus $0.72 expected and ARR of $2.43B up 12%. The company raised full-year 2026 revenue and GAAP EPS guidance and completed its $391.78M buyback. Trimble announced it will acquire Document Crunch to add AI-powered risk management to Trimble Construction One, and integrated SketchUp with Anthropic's Claude for conversational AI 3D modeling. Wells Fargo's Jerry Revich maintained Overweight but cut PT to $70 from $79; consensus rating remains Strong Buy with $87.33 average PT.
May 13Trimble fell over 7% despite Q1 beat ($939.9M revenue, +12% organic) and raised FY26 guidance to $3.875B revenue/$3.55 EPSMixed▶
Trimble reported Q1 2026 results on May 6, 2026, with revenue of $939.9M (up 12% organically) and adjusted EPS of $0.79, topping the $0.72 consensus. ARR reached $2.43B, up 12% year-over-year. The company raised full-year 2026 guidance with midpoint revenue of $3.875B (~8% growth) and EPS of $3.55. Trimble also launched an integration with Anthropic's Claude AI for SketchUp 3D modeling and acquired Document Crunch for AI-powered contract risk management. Despite the strong print, shares fell more than 7% post-earnings and TRMB is down 22.4% YTD. CEO Rob Painter is scheduled to present at the J.P. Morgan TMT Conference on May 18.
May 12Trimble stock fell 4.5% on May 11 and is down ~11% in May despite raised FY26 guidance, with CEO Rob Painter set to present at J.P. Morgan's May 18 TMT conference.Mixed▶
Trimble shares fell 4.5% on May 11, extending a roughly 11% decline for the month despite a May 6 Q1 beat that included $939.9M revenue (+12% organic), $2.43B ARR, raised FY26 revenue guidance to $3.875B (midpoint), and FY26 EPS guidance lifted to $3.55. The company also launched a Claude AI integration with SketchUp and closed the Document Crunch contract-intelligence acquisition. CEO Rob Painter speaks at the J.P. Morgan TMT conference May 18. Bear case: post-earnings rerating in software/AI names plus profit-taking despite strong fundamentals is pressuring the stock.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| KEYSKEYSIGHT | $364.21 | +3.85% | -10.7% | 26.5x | 1.21 | $53.6B |
| ROPROPER | $330.51 | +0.16% | +9.8% | 15.3x | 0.75 | $36.8B |
| TDYTELEDYNE | $621.15 | +0.94% | +6.5% | 25.1x | 0.92 | $30.2B |
| ZBRAZEBRA | $235.76 | +1.19% | +7.8% | 12.9x | 1.60 | $12.7B |
| TRMBTRIMBLE | $49.19 | +0.64% | +5.8% | 13.0x | 1.38 | $12.4B |
| NVDANVIDIA | $210.83 | +3.02% | -2.1% | 15.3x | 2.21 | $4.72T |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.