Trimble Inc. reported third‑quarter 2025 revenue of $901.2 million, a $30.9 million (3.5%) beat on consensus estimates of roughly $870 million. Non‑GAAP earnings per share were $0.81, topping the $0.72 consensus by $0.09 (12.5%). GAAP EPS was $0.46, while the company’s operating income and adjusted EBITDA margins expanded to 28.2% and 29.9%, respectively, reflecting disciplined cost management and a favorable mix of high‑margin software contracts.
Gross margin climbed to 68.9% from 65.7% a year earlier, the highest level in Trimble’s history. Annualized recurring revenue (ARR) reached $2.31 billion, up 6% year‑over‑year and 14% organically, underscoring the strength of the company’s subscription‑based model and the continued success of its “Connect & Scale” strategy. The company’s software‑centric focus and investment in AI‑enabled solutions are cited as key drivers of the margin expansion.
Compared with the same quarter last year, Trimble’s revenue grew 3% and non‑GAAP EPS rose from $0.70 to $0.81, a 15% increase. Q3 2024 revenue was $875.8 million and GAAP EPS was $0.16, highlighting the company’s accelerated profitability trajectory. The jump in ARR from $2.19 billion to $2.31 billion further illustrates the momentum in recurring revenue streams.
Trimble raised its full‑year 2025 guidance, projecting revenue of $3,545 million to $3,585 million and non‑GAAP EPS of $3.04 to $3.12. CEO Rob Painter said the guidance lift reflects “solid execution against our Connect & Scale strategy, which continues to deliver competitive differentiation and compelling growth.” The company also noted record gross margin and ARR as evidence of its strategic focus on software and recurring revenue.
Investors reacted positively to the earnings beat and guidance raise. Analysts highlighted the earnings and revenue beats, the record ARR, and the margin expansion as key factors driving the favorable market reaction. The company’s continued focus on software, recurring revenue, and AI integration signals confidence in sustained growth and profitability.
Overall, Trimble’s Q3 2025 results demonstrate a strong execution of its software‑centric strategy, a healthy margin profile, and a clear path to higher full‑year earnings. The company’s ability to beat expectations and raise guidance underscores its competitive position and the effectiveness of its “Connect & Scale” approach.
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