09:00 AM EDT, 08/12/2026 (MT Newswires) -- (Updates with share repurchase announcement and recent stock movement in seventh and eighth paragraphs.)

Trimble (TRMB) reported Q2 non-GAAP net income Wednesday of $0.86 per diluted share, up from $0.71 a year earlier.

Analysts polled by FactSet expected $0.80.

Revenue for the quarter was $972 million, up from $875.7 million a year earlier.

Analysts surveyed by FactSet expected $952.1 million.

The company said it expects Q3 non-GAAP EPS of $0.83 to $0.88 on revenue of $953 million to $978 million. Analysts are looking for $0.87 and $961.3 million, respectively.

Trimble said it now expects 2026 non-GAAP EPS of $3.60 to $3.70 on revenue of $3.90 billion to $3.95 billion. It previously projected non-GAAP EPS in the range of $3.47 to $3.64 on revenue of $3.84 billion to $3.92 billion. Analysts are looking for $3.59 and $3.89 billion, respectively.

Trimble's board has authorized a share repurchase program for up to $1 billion of the company's common stock, which replaces the previous program, under which $608.2 million was remaining as of the end of Q2, according to a statement.

Shares of Trimble were down 1.4% in pre-bell activity on Wednesday.