Trimble Slides as Transportation Unit Impairment Overshadows Strong Q2

Trimble Inc. (TRMB) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely reason for the drop is that investors focused on a large non-cash goodwill impairment in Trimble’s Transportation and Logistics business, which pushed the company to a GAAP loss for the quarter. That appears to have outweighed otherwise solid operating results, higher full-year guidance, and a new share repurchase authorization.

Details:

Trimble reported second-quarter 2026 revenue of $972.0 million, up 11% year over year, while annualized recurring revenue reached a record $2.51 billion.

The company posted a GAAP net loss of $471.7 million, largely because of a $562.0 million goodwill impairment tied to the Transportation and Logistics segment.

On an adjusted basis, profitability was much stronger, with non-GAAP diluted earnings per share of $0.86 and adjusted EBITDA of $278.0 million, or 28.6% of revenue.

Management raised full-year 2026 guidance to revenue of $3.90 billion to $3.95 billion and non-GAAP EPS of $3.60 to $3.70, while the board also approved a new $1.0 billion buyback program.

Sources:

Trimble Investor Relations, SEC, StockTitan

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TRMB Insider Trading Activity

$TRMB insiders have traded $TRMB stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $TRMB stock by insiders over the last 6 months:

MARK DAVID SCHWARTZ (Senior VP, AECO) has made 0 purchases and 2 sales selling 16,725 shares for an estimated $1,120,742.
ROBERT G PAINTER (President & CEO) has made 0 purchases and 2 sales selling 15,000 shares for an estimated $1,030,425.
KAIGHAM GABRIEL sold 1,718 shares for an estimated $103,080
JAMES CALVIN DALTON sold 733 shares for an estimated $49,125

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$TRMB Hedge Fund Activity

We have seen 317 institutional investors add shares of $TRMB stock to their portfolio, and 462 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BOSTON PARTNERS removed 2,739,391 shares (-98.8%) from their portfolio in Q2 2026, for an estimated $140,202,031
BLACKROCK, INC. added 1,941,906 shares (+10.0%) to their portfolio in Q2 2026, for an estimated $99,386,749
SELECT EQUITY GROUP, L.P. removed 1,692,403 shares (-23.2%) from their portfolio in Q1 2026, for an estimated $110,395,447
MORGAN STANLEY removed 1,662,083 shares (-14.1%) from their portfolio in Q1 2026, for an estimated $108,417,674
CONTOUR ASSET MANAGEMENT LLC removed 1,484,949 shares (-46.8%) from their portfolio in Q1 2026, for an estimated $96,863,223
VICTORY CAPITAL MANAGEMENT INC removed 1,464,659 shares (-29.5%) from their portfolio in Q2 2026, for an estimated $74,961,247
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,307,811 shares (-27.9%) from their portfolio in Q1 2026, for an estimated $85,308,511

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TRMB Government Contracts

We have seen $2,665,338 of award payments to $TRMB over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

PURCHASE OF GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS) EQUIPMENT AND ASSOCIATED COMPONENTS TO REPLACE LEGACY...: $848,536
TRIMBLE - LICENSES AND SOFTWARE MORATORIUM APPROVAL IDS: (FPAC-0083) (FY25-001600): $212,957
THE CONTRACTOR SHALL PROVIDE TRIMBLE EQUIPMENT IAW ATTACHED QUOTE INCLUDING DELIVERY TO RAMSTEIN AIR BASE, ...: $205,279
TRIMBLE EQUIPMENT 2025: $177,764
CT TRIMBLE SURVEY EQPT, LICENSE&SOFTWARE: $133,421

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$TRMB Congressional Stock Trading

Members of Congress have traded $TRMB stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $TRMB stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 04/14 and 1 sale worth up to $15,000 on 05/15.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$TRMB Analyst Ratings

Wall Street analysts have issued reports on $TRMB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Oppenheimer issued a "Outperform" rating on 07/07/2026

To track analyst ratings and price targets for $TRMB, check out Quiver Quantitative's $TRMB forecast page.

$TRMB Price Targets

Multiple analysts have issued price targets for $TRMB recently. We have seen 5 analysts offer price targets for $TRMB in the last 6 months, with a median target of $80.0.

Here are some recent targets:

Kristen Owen from Oppenheimer set a target price of $80.0 on 07/07/2026
Guy Hardwick from Barclays set a target price of $79.0 on 05/29/2026
Jerry Revich from Wells Fargo set a target price of $70.0 on 05/07/2026
Clarke Jeffries from Piper Sandler set a target price of $87.0 on 05/06/2026
Richard Eastman from Baird set a target price of $85.0 on 03/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.