Trimble Q1 Beats Estimates, Updates Guidance and ARR

Trimble Inc. reported first-quarter 2025 revenue of $840.6 million and adjusted earnings per share of $0.61, both surpassing analyst expectations despite an 11.8% year-over-year revenue decline. The company achieved record annualized recurring revenue (ARR) of $2.18 billion, up 7% year over year and 15% on an organic basis, reflecting progress following the divestiture of its mobility business. Trimble maintained its full-year 2025 guidance, projecting revenue between $3.37 billion and $3.47 billion and adjusted EPS of $2.76 to $2.98, and also provided Q2 revenue guidance of $815 million to $845 million. The AECO and Field Systems segments posted strong ARR growth, though overall segment revenues declined and margin pressures persisted. Despite the earnings beat, Trimble's stock has lagged both peers and the broader market in 2025, and short interest in its shares has increased but remains below industry averages. Management remains confident in the company’s resilient business model and continues returning capital to shareholders through share repurchases.