Trimble IncNasdaq: TRMB
Information Technology · Electronic Equipment & Instruments
$68.49
+1.74%
Vol: 1.6M
Research Digest
Friday, May 1, 2026
AI integration with Claude; KeyBanc reiterates Overweight; mixed recent results on equity dilution
Trimble announced integration with Claude AI for SketchUp 3D modeling, enabling users to create models from conversational prompts. KeyBanc reiterated Overweight rating and $94 PT, finding Trimble's AI position stronger than expected. Q1 2025 showed record ARR of $2.18B (+7% YoY, +15% organically) but revenue down 12% YoY. Analyst consensus is Buy with $93.50 PT (40.64% upside). Recent $1B buyback authorization in December 2025 signals confidence, and earnings on May 6 expected to show $5.02B revenue and $1.64 EPS (YoY decline).
Previous Market Intelligence
13 daysApr 30Trimble partners with Anthropic Claude for SketchUp AI, acquires Document CrunchPositive▶
Trimble announced integration of Anthropic Claude into SketchUp on April 28 for conversational AI capabilities in 3D modeling. Transporeon launched Natural Language Search for freight discovery. Document Crunch acquisition (closing Q2 2026) adds AI-driven construction risk management. Q1 earnings exceeded expectations; stock up on AI momentum. KeyBanc Buy rating reaffirmed; analysts project 40.64% upside.
Apr 16Trimble announced acquisition of Document Crunch and $1B share repurchase authorizationPositive▶
Trimble announced the acquisition of Document Crunch (terms undisclosed) and authorized a $1B share repurchase program. Q1 2025 results showed record annualized recurring revenue of $2.18B (up 7% YoY, 15% organic). Total Q1 revenue was $840.6M, down 12% YoY but up 2% organically. The company launched Trimble Materials, an end-to-end purchasing and inventory software solution. Analyst consensus is Buy with a 12-month target of $96.57 (30.69% upside).
Apr 15Trimble announced Document Crunch acquisition for AI-powered construction risk management; KeyBanc reaffirmed Buy rating.Positive▶
Trimble announced on April 2, 2026 that it agreed to acquire Document Crunch, a leader in AI document analysis and risk management for construction projects. The acquisition is expected to close in Q2 2026, with Document Crunch integrating into the Trimble Construction ecosystem. CEO Robert G. Painter received options on 93,333 shares at $65.45. KeyBanc reaffirmed Buy rating on April 9. Next earnings: May 6, 2026.
Apr 14Trimble to acquire Document Crunch for AI-powered construction risk management; 2025 earnings beat with record recurring revenue.Positive▶
Trimble signed agreement April 2 to acquire Document Crunch, a leader in construction AI document analysis and risk management. 2025 results showed 6% organic revenue growth, record annualized recurring revenue, and improved gross/operating margins. Analyst consensus Buy with $96.57 PT (30.69% upside).
Apr 13Trimble to acquire Document Crunch to add AI-powered risk management to construction platform.Positive▶
Trimble announced on April 2 that it has signed an agreement to acquire Document Crunch, a leader in construction-specific AI document analysis and risk management. The acquisition is expected to close in Q2 2026. Trimble reported strong 2025 results with 6% organic revenue growth and record recurring revenue.
Apr 10Trimble beat Q4 earnings, acquired Document Crunch AI firm; analysts cite strong AI positioning despite guidance pressure.Positive▶
Trimble reported Q4 2025 EPS of $1.00, beating expectations of $0.96, with revenue of $970 million vs. forecast of $948 million. The company acquired Document Crunch, an AI-powered construction risk management firm. KeyBanc maintained Overweight rating with $94.00 price target. SVP Peter Large announced retirement effective May 2026.
Apr 9Trimble acquires Document Crunch to enhance AI-powered construction risk management capabilitiesPositive▶
Trimble announced acquisition of Document Crunch, a leader in construction-specific AI document analysis and risk management, expected to close in Q2 2026. The company reported 2025 guidance with revenue between $3,810-$3,910 million and non-GAAP EPS of $3.42-$3.62. Q4 2025 results showed record revenues of $969.8 million, beating expectations with 4.1% EPS beat. Senior VP Peter Large announced retirement effective late May 2026. Analysts maintain Buy rating with average price target of $96.57 representing 30.69% upside from current levels.
Apr 8Trimble Acquires Document Crunch; Q1 Record ARR of $2.18B Despite Revenue DeclinePositive▶
Trimble announced acquisition of Document Crunch to enhance AI capabilities in risk management and document compliance. Q1 2025 annualized recurring revenue hit record $2.18 billion. Revenue of $840.6 million was down 12% YoY but up 2% organically. Analyst average rating is Buy with $96.57 price target, 30.69% upside.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Trimble acquired AI construction risk firm Document Crunch; Q4 2025 beat.Positive▶
Trimble signed agreement to acquire Document Crunch, an AI-focused construction document analysis firm, closing Q2 2026. Q4 2025 results beat with EPS $1.00 vs $0.96 est. and revenue $970M vs $948M est. SVP Peter Large retiring May 2026. Analysts rate Buy with avg PT $96.57.
Apr 3Robert W. Baird cut Trimble price target to $85 from $90 while maintaining Outperform rating.Neutral▶
Robert W. Baird reduced Trimble's price target from $90 to $85 while maintaining Outperform rating. Trimble contributed its agriculture business to a joint venture with AGCO and sold its Mobility business to Platform Science for a 32.5% stake valued at approximately $253.9 million. The company beat Q1 2026 EPS estimates, reporting $1.00 vs consensus of $0.96.
Apr 2Trimble to acquire Document Crunch on April 2, 2026, adding AI-powered construction risk management; Robert Baird cuts PT to $85.Mixed▶
Trimble announced Document Crunch acquisition to integrate AI document intelligence and compliance automation into Trimble Construction One ecosystem. Q4 earnings showed $0.96 EPS with mixed revenue decline of 1.4% YoY to $969.8M. FY2026 guidance: $3.42-3.62 EPS; Q1 2026: $0.69-0.74 EPS. Analyst sentiment mixed: Baird cut PT from $90 to $85 on March 30, citing revenue headwinds; Barclays raised PT to $103 (from $101) with overweight. Consensus Buy with 12-month PT of $96.57.
Apr 1Baird downgrades price target to $85 on valuation concerns following strong Q4 earnings beat.Mixed▶
Trimble announced strong Q4 and full-year 2025 results with Q4 revenue of $969.8M and record ARR of $2.39B. Baird maintained Outperform rating while reducing price target from $90 to $85. SVP Peter Large announced retirement effective late May 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| KEYSKEYSIGHT | $351.79 | +0.54% | +19.5% | 33.9x | 1.15 | $60.0B |
| ROPROPER | $358.58 | +1.06% | -1.5% | 14.8x | 0.89 | $36.5B |
| TDYTELEDYNE | $640.68 | -0.80% | +2.2% | 24.9x | 1.01 | $29.9B |
| TRMBTRIMBLE | $68.49 | +1.74% | +3.5% | 16.6x | 1.54 | $15.6B |
| ZBRAZEBRA | $227.21 | +0.42% | +7.2% | 11.3x | 1.66 | $11.1B |
| NVDANVIDIA | $198.66 | -0.46% | +12.3% | 17.8x | 2.33 | $4.85T |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.