Trimble Inc. (NASDAQ:TRMB) delivered stronger-than-expected fourth-quarter results on Tuesday, supported by record margins and solid underlying growth, giving the stock a modest lift in premarket trading. Shares were up 0.48% ahead of the open.
The technology group reported adjusted earnings of $1.00 per share for the quarter, beating the consensus forecast of $0.96. Revenue totaled $969.8 million, ahead of expectations of $948.33 million, although it was down 1% year on year. On an organic basis, however, revenue increased 4%.
“Our fourth quarter results surpassed expectations on both top and bottom lines, punctuating a strong close to 2025 and positioning us well to deliver on our 2027 financial targets,” said Rob Painter, president and CEO of Trimble.
Trimble posted record non-GAAP gross margins of 74.6% in the quarter, while non-GAAP operating margin climbed to 32.3%. Annualized recurring revenue reached $2.39 billion, representing 6% year-on-year growth, or 14% on an organic basis.
Looking ahead, the company forecast first-quarter 2026 revenue of $893 million to $918 million, with adjusted EPS of $0.69 to $0.74, broadly in line with analyst expectations of $0.71. For full-year 2026, Trimble expects revenue of $3.81 billion to $3.91 billion and adjusted earnings per share of $3.42 to $3.62, consistent with market forecasts.
Capital returns remained a focus, with Trimble repurchasing around 1.9 million shares for $148.1 million during the fourth quarter. Over fiscal 2025 as a whole, the company bought back 12.2 million shares for a total of $875.4 million.