Trimble Q2 revenue up 11% to $972.0 million; $562.0 million impairment drives GAAP loss
Trimble reported second-quarter 2026 revenue of $972.0 million, up 11 percent year over year, and raised its full-year 2026 revenue and earnings guidance. A $562.0 million goodwill impairment tied to the Transportation and Logistics segment drove a GAAP net loss of $471.7 million, while non-GAAP net income was $200.3 million. The board also approved a new $1.0 billion share repurchase authorization with no expiration date, replacing the prior authorization that had $608.2 million remaining.
Key points
- Q2 2026 revenue was $972.0 million, up 11 percent; non-GAAP operating income was $260.6 million, or 26.8 percent of revenue.
- GAAP diluted loss per share was $(2.02) for the quarter, including a $562.0 million goodwill impairment; non-GAAP diluted EPS was $0.86.
- Full-year 2026 guidance: revenue of $3,900 million to $3,950 million and non-GAAP EPS of $3.60 to $3.70; GAAP loss per share of $0.07 to $0.12 is expected.
- Board authorized up to $1.0 billion in share repurchases on August 10, 2026; the prior authorization was cancelled.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.