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Earnings

Trimble falls 17.31% after trimming its recurring revenue growth outlook

The company said third-quarter results beat its expectations, but a lower forecast for recurring revenue growth weighed on the stock.

· AP's Morning Brief

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Trimble (TRMB) shares closed down $11.36, or 17.31%, at $54.25 on Wednesday, compared with Tuesday's close of $65.61, after the company lowered its outlook for recurring revenue growth even though the company said third-quarter revenue and earnings surpassed its expectations. They had been down 15.56% at $55.40 as of 3:11 p.m. ET.

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Revenue rose 7% from a year earlier to $966.8 million, and adjusted earnings were $0.86 a share, the company said. Annualized recurring revenue reached a record $2.56 billion, up 11%, or 10% on an organic basis.

The bigger issue for investors was the growth outlook. CNBC reported that Trimble now expects organic annualized recurring revenue growth of roughly 10% for 2026, down from its earlier call for 12% to 14%. FreightWaves reported that the cut came as the European freight market slowed.

For the full year, Trimble expects revenue of $3,910 million to $3,940 million and adjusted earnings of $3.63 to $3.69 a share. For the fourth quarter, it guided to revenue of $1,031 million to $1,061 million.

The company also bought back about 4.0 million shares for $231.7 million during the quarter.

Update, Nov 4, 2026: An earlier version gave intraday figures as of 3:11 p.m. ET; updated with official closing prices.

Sources

  1. Nasdaq.com quote (TRMB) — TRMB last sale $55.40, net change -10.21, -15.56% as of Nov 4, 2026 3:11 PM ET (implies prior regular-session price $65.61).
  2. Yahoo Finance chart data (TRMB) — Nov 3, 2026 regular-session price $65.61; $55.41 as of 15:11 ET Nov 4, 2026.
  3. Trimble investor relations — Q3 2026 revenue $966.8 million, up 7%; third quarter results surpassed expectations on both revenue and earnings per share; ARR $2.56 billion, up 11%, up 10% organic; non-GAAP EPS $0.86; repurchased approximately 4.0 million shares for $231.7 million; full-year 2026 revenue $3,910 million to $3,940 million, non-GAAP EPS $3.63 to $3.69; Q4 revenue $1,031 million to $1,061 million.
  4. CNBC — Trimble tanked almost 18% midday; anticipates organic ARR growth of roughly 10% for 2026, down from prior call of 12% to 14%.
  5. FreightWaves — Trimble cut its ARR growth outlook to about 10% from 12% to 14% as the European freight market slowed.
  6. CNBC quote (TRMB) — TRMB official close Nov 4, 2026: $54.25 at 4:00 PM ET, change -11.36 (-17.31%) from the Nov 3 close of $65.61.
  7. Yahoo Finance historical data (TRMB) — TRMB close Nov 4, 2026 $54.25; close Nov 3, 2026 $65.61; change -11.36, -17.31%.