Trimble cuts recurring revenue growth outlook despite higher quarterly sales
Image: Primary Trimble lowered its expected 2026 annualized recurring revenue growth to approximately 10% from 12% to 14%, citing market conditions affecting positioning services and transportation, Yahoo Finance reported. Third-quarter revenue rose 7% to $967 million, and annualized recurring revenue reached $2.564 billion, up 10%.
The company maintained its full-year revenue outlook midpoint of $3.925 billion and raised its earnings-per-share midpoint to $3.66. Its architecture, engineering, construction and owner business posted 13% recurring revenue growth, while Field Systems and transportation faced softer demand and other headwinds.
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This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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