Navigation technology company Trimble announced Wednesday it has increased its full-year financial projections after delivering better-than-expected first-quarter results, driven by robust demand for its integrated software and hardware solutions in construction and transportation markets.
The Westminster, Colorado-based firm has successfully combined its traditional navigation hardware with advanced software platforms that collect and analyze data, offering customers valuable insights to improve their operational efficiency.
Trimble now projects total revenue between $3.84 billion and $3.92 billion for 2026, up from its earlier estimate of $3.81 billion to $3.91 billion. The company also increased its annual adjusted earnings per share forecast to a range of $3.47 to $3.64, compared to the previous projection of $3.42 to $3.62.
The technology company has been transforming its business model, moving away from primarily hardware sales toward a service-oriented software approach.
For the quarter ending March 31, Trimble reported revenue of $939.9 million, surpassing Wall Street analysts’ average prediction of $905.6 million according to LSEG data. The company’s adjusted earnings reached $0.79 per share, beating analyst estimates of $0.72 per share.
Trimble has capitalized on what it calls a “connect-to-scale” business approach, which integrates hardware devices, software applications, and cloud-based solutions across construction, geospatial, and transportation industries.
Looking ahead to the second quarter, the company anticipates revenue ranging from $938 million to $963 million, with the midpoint exceeding analysts’ projections of approximately $946 million. Trimble expects adjusted earnings per share between $0.78 and $0.82 for the upcoming quarter, with the midpoint matching analyst estimates of $0.80.
