Trimble stock gained 3.64 percent on October 6 after Q2 growth

Published on 10/07/2026 at 06:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Trimble stock advanced on October 6 as the market valued it at USD 14.2 billion. Q2 revenue rose 11 percent to USD 972.0 million, while adjusted EPS beat consensus by USD 0.06.

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Trimble Inc. (ISIN US8962391004) was last at USD 60.95 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, up 3.64 percent for the session. The move puts the stock below its 52-week high while investors weigh faster recurring revenue growth against a large quarterly goodwill charge.

Q2 revenue rises 11 percent

According to GeoInformatics, Trimble reported USD 972.0 million in Q2 2026 revenue, an 11 percent year-over-year increase and 10 percent organic growth. Annualized recurring revenue rose 14 percent to USD 2.51 billion, giving the software and connected-solutions business a larger recurring base.

Adjusted EPS came in at USD 0.86, USD 0.06 above the USD 0.80 consensus cited by MarketBeat. The same quarter also produced a GAAP net loss of USD 471.7 million, driven largely by a USD 562.0 million goodwill impairment tied to Transportation and Logistics, according to GeoInformatics.

Trimble also raised its full-year 2026 guidance to USD 3.90 billion-USD 3.95 billion in revenue and USD 3.60-USD 3.70 in non-GAAP EPS. That combination matters because the operating story is improving even as the GAAP result remains distorted by the impairment.

Consensus stays above the quote

MarketBeat reported on October 4, 2026 that Wall Street Zen cut Trimble from Buy to Hold. The change contrasts with the broader analyst view, which still reflects the Q2 beat and the raised full-year outlook.

The consensus rating remained Moderate Buy across 11 analysts, with an average price target of USD 80.12, according to MarketBeat. Against the USD 60.95 Nasdaq price on October 6, the consensus target lies 31.5 percent above the price, leaving the market to reconcile that gap with the Transportation and Logistics impairment.

Nasdaq range frames the move

Trimble's October 6 Nasdaq range ran from USD 58.54 to USD 61.48, with volume of 2,729,368 shares. The 52-week range stood at USD 47.92 to USD 84.42, so the latest price remains USD 23.47 below the yearly high and USD 13.03 above the low.

Trimble's market capitalization was USD 14.2 billion on October 6, 2026. For investors, the key test is whether the 11 percent quarterly revenue growth and the raised non-GAAP outlook can outweigh the impairment and the weaker GAAP headline.