Trimble Q1 2024 earnings exceeded expectations with 64 cents EPS, $953.3M revenue, and 23% YoY ARR growth.

Trimble (NASDAQ: TRMB) reported Q1 2024 earnings, beating consensus EPS by 2 cents at 64 cents and surpassing revenue estimates of $921.1 million with $953.3 million. The company also recorded record annualized recurring revenue of $2.03 billion (up 23% YoY) and a record first-quarter gross margin of 65.8%. Trimble's guidance for Q2 2024 is EPS of 56-60 cents and revenue of $845-875 million.

May 03, 2024
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