Trimble Q2 Revenue Down 5% to $941M with $168M Profit

SUNNYVALE, CA, Aug 8, 2022 – Trimble Inc. announced financial results for the second quarter of 2022. Revenue for the second quarter of 2022 was $941.2M, down 5.3% compared to $993.7M for the first quarter of 2022. GAAP net income was $168M.

*Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)*

“Our second quarter results exceeded expectations,” said Rob Painter, Trimble’s president and chief executive officer. “Growth in annualized recurring revenue and gross margin demonstrate the potential of our Connect & Scale strategy. We remain committed to investing in our strategy while navigating macroeconomic uncertainties.”

A complete chart of the financial results is available here.

About Trimble

Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

For more information about Trimble, visit www.trimble.com.

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