Filing Flows › Trimble (TRMB) › Q1 2026
Trimble (TRMB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Trimble (TRMB) reported revenue of $940M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -3% from the quarter before. Operating margin was 15.3%, net earnings $98.9M (10.5% of revenue).
Trimble, Q1 2026: revenue $940M (+12% year over year), operating margin 15.3%, net earnings $98.9M, operating cash flow $275M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $940M | -3% | +12% |
| Gross profit | $646M | -7% | +15% |
| Operating profit | $144M | -33% | +48% |
| Net earnings | $98.9M | -37% | +48% |
| Operating cash flow | $275M | +71% | +77% |
| Free cash flow | $269M | — | +80% |
What changed
Revenue was $939.9M in Q1 2026, up 12% year over year and down 3% from the previous quarter. Field Systems was the largest line at 44% of revenue. AECO added $55.7M year over year (up 17%), 56% of the total change. T&L declined 4%.
Gross margin was 68.8%, up 2.0 points from Q1 2025. Operating profit was $144.0M, a 15.3% margin (up 3.7 points year over year). Of the extra revenue versus Q1 2025, 47% reached operating profit, above the 12% margin then. Operating expenses grew 8% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $98.9M, up 48% year over year. The effective tax rate was 24.7%.
Operating cash flow was $274.7M (up 77% year over year), 278% of net earnings. Non-cash charges added back $49.9M of depreciation and amortization and $41.8M of share-based compensation. Working capital and other items added $84.1M. After capital expenditures ($6.1M), free cash flow as the company reports it was $268.6M.
Questions
What was Trimble's revenue in the first quarter 2026?
Trimble (TRMB) reported revenue of $940M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -3% from the quarter before.
Was Trimble profitable in the first quarter 2026?
Operating profit was $144M (15.3% of revenue) and net earnings $98.9M.
Source: Trimble 10-Q on SEC EDGAR.