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Trimble beats quarterly revenue estimates on strong product demand
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Trimble beats quarterly revenue estimates on strong product demand
May 26, 2025 2:41 AM

May 7 (Reuters) - Trimble beat Wall Street expectations for first-quarter

revenue on Wednesday, benefiting from robust demand for its navigation equipment and software

services despite economic uncertainty.

The demand for Trimble's navigation, mapping, and geospatial services has remained strong

amid a volatile economic environment, as these services cater to various industries, including

agriculture, architecture, transportation and design.

Integrating artificial intelligence and machine learning into its products has also boosted

their appeal.

Recent sweeping import tariffs imposed by U.S. President Donald Trump in April have

contributed to global macroeconomic volatility, with the duties anticipated to increase the

costs of consumer goods and potentially trigger a sharp reduction in spending.

"With current market uncertainties in mind, we are maintaining our full year 2025

guidance," said Trimble CEO Rob Painter.

Trimble reported revenue of $840.6 million, compared with estimates of $810.9 million,

according to data compiled by LSEG.

It forecast second-quarter revenue between $815 million and $845 million, while analysts

expected $826.5 million.

On an adjusted basis, the company earned 61 cents per share, beating estimates of a

profit of 59 cents.

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