Industry News

Trimble Q2 Revenue Down 9% to $871M with $1.32B Profit

Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy

WESTMINSTER, CO, Aug 7, 2024 – Trimble Inc. announced financial results for the second quarter of 2024. Revenue for the second quarter of 2024 was $870.8M, down 8.7% compared to $953.3M for the first quarter of 2024. GAAP net income was $1316.4M.

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

“Strong execution across our business resulted in revenue and EPS above the midpoint of guidance. ARR reached a record $2.11B and gross margin also achieved a record level,” said Rob Painter, Trimble’s president and chief executive officer. “Our second quarter results demonstrate how Trimble’s increased level of simplification and focus is delivering technology solutions to enhance customer productivity. We are raising our total year guidance, and we are excited to see Trimble innovation continue to transform the way the world works.”

A complete chart of the financial results is available here.


Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable their customers to thrive. For more information about Trimble, visit trimble.com.