Trimble Q3 Revenue Down 6% to $885M with $86M Profit

WESTMINSTER, CO, Nov 3, 2022 – Trimble Inc. announced financial results for the third quarter of 2022. Revenue for the third quarter of 2022 was $884.9M, down 6% compared to $941.2M for the second quarter of 2022. GAAP net income was $85.8M.

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)

“Trimble is transforming and digitizing industries that support how we live, what we eat, and how we move,” said Rob Painter, Trimble’s president and chief executive officer. “Our third quarter results simultaneously reflect the quality of the Trimble financial model and the reality of evolving macroeconomic challenges. We remain committed to executing our Connect and Scale strategy, which enhances productivity and sustainability outcomes for our customers.”

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.