Overview

* Trimble Q3 revenue of $901.2 mln beats analyst expectations, up 3% yr/yr

* Adjusted EPS for Q3 at $0.81 beats consensus estimates

* Company raises full-year 2025 guidance, reflecting strong execution of strategy

Outlook

* Trimble raises full-year 2025 revenue guidance to $3,545 mln-$3,585 mln

* Company expects Q4 2025 revenue between $927 mln and $967 mln

* Trimble forecasts full-year 2025 non-GAAP EPS of $3.04 to $3.12

Result Drivers

* RECURRING REVENUE - Record annualized recurring revenue of $2.31 bln, driven by Connect & Scale strategy

* GROSS MARGIN - Record gross margin achieved in Q3

* SHARE REPURCHASE - $50 mln in share repurchases during Q3, contributing to EPS performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $901.20 $870.32

Revenue mln mln (9

Analysts

)

Q3 Beat $0.81 $0.71

Adjusted (10

EPS Analysts

)

Q3 Beat $194.70 $171.66

Adjusted mln mln (8

Net Analysts

Income )

Q3 Net $111.50

Income mln

Q3 Beat $269.40 $242.72

Adjusted mln mln (6

EBITDA Analysts

)

Q3 $150.50

operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Trimble Inc ( TRMB ) is $95.00, about 17.3% above its November 4 closing price of $78.60

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)