Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance

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  "company": {
    "name": "Trimble",
    "domain": "trimble.com"
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    "url": "https://www.prnewswire.com/news-releases/trimble-announces-second-quarter-2026-results-and-raises-full-year-guidance-302849103.html",
    "title": "Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance",
    "excerpt": "WESTMINSTER, Colo. , Aug. 12, 2026 /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB ) today announced financial results for the second quarter of 2026. Second Quarter 2026 Financial Highlights Executive Quote \"We delivered another strong quarter, increasing annualized recurring revenue to a record $2.509 billion, with strong recurring revenue growth across all segments,\" said Rob Painter, President and CEO of Trimble. \"Our Connect and Scale strategy is building momentum with increasingly connected data and workflows across our ecosystem. Trimble is well positioned to accelerate AI-enabled value for customers and shareholders.\" New Share Repurchase Authorization The Board of Directors authorized the repurchase of up to $1.0 billion in shares of the Company's common stock. The stock repurchase authorization does not have an expiration date and replaces the prior authorization of up to $1.0 billion, of which $608.2 million was remaining as of the end of the second quarter of 2026, but is now cancelled. Under the 2026 stock repurchase program, Trimble may repurchase stock from time to time through accelerated stock repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means. The timing and actual amount of any stock repurchased will depend on a variety of factors, including market conditions, Trimble's stock price, and...",
    "summary": "Trimble Inc. reported a record annualized recurring revenue of $2.509 billion for the second quarter of 2026.",
    "location": "Westminster, Colorado, USA",
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    "published_at": "2026-08-12T10:55:00Z",
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    "article_sentence": "\"We delivered another strong quarter, increasing annualized recurring revenue to a record $2.509 billion, with strong recurring revenue growth across all segments,\" said Rob Painter, President and CEO of Trimble.",
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