Trimble Inc. reported a total revenue of $3.59 billion for the fiscal year ending January 2, 2026, a decrease of 3% compared to $3.68 billion in the previous year. The decline was primarily driven by a 12% drop in product revenue, which fell to $1.14 billion, while subscription and services revenue increased by 2% to $2.45 billion. The company's gross margin improved to 69.1%, up from 65.1% in 2024, reflecting a favorable shift towards higher-margin subscription services. Operating income rose significantly by 29% to $592 million, with operating income as a percentage of revenue increasing to 16.5% from 12.5% in the prior year.
The company experienced notable changes in its business structure, including the divestiture of its Mobility business to Platform Science in February 2025, which resulted in a pre-tax loss of $30.6 million. Additionally, Trimble completed the sale of its Ag business to AGCO in April 2024, generating $1.9 billion in cash proceeds. These strategic moves are part of Trimble's ongoing efforts to streamline operations and focus on core software and platform strategies, which have been emphasized in their Connect & Scale initiative.
Operationally, Trimble's annualized recurring revenue (ARR) reached $2.39 billion, marking a 6% increase year-over-year. The company reported organic ARR growth of 14%, driven by strong demand for subscription offerings across its segments. The Architects, Engineers, Construction, and Owners (AECO) segment saw a 10% increase in revenue, while the Field Systems segment remained stable with a slight revenue increase. However, the Transportation and Logistics (T&L) segment faced a significant 30% decline in revenue, attributed to the divestiture of the Mobility business and a challenging market environment.
Trimble's workforce at the end of 2025 consisted of over 11,500 employees, with a diverse geographic distribution across North America, Europe, Asia-Pacific, and other regions. The company continues to invest in research and development, with R&D expenses totaling $630.7 million, representing 17.6% of total revenue. Trimble's focus on integrating software and services into its offerings is expected to enhance customer engagement and drive future growth.
Looking ahead, Trimble remains cautious about macroeconomic conditions, including geopolitical tensions and inflationary pressures, which could impact demand for its products and services. The company is committed to executing its Connect & Scale strategy, which aims to enhance productivity and sustainability for its customers while navigating the evolving landscape of technology and market dynamics.
About TRIMBLE INC.
Trimble Inc. is a global provider of technology solutions that connect workflows across construction, geospatial, transportation, and natural resources industries. Its offerings include software, hardware, and services for design, surveying, asset management, fleet tracking, and autonomous guidance. Focused on digital transformation, sustainability, and industry ecosystems, Trimble enables customers to improve productivity, safety, and environmental impact through integrated, data-driven solutions.
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