---
schema_version: "secwatch.filing_event.v1"
accession: "0000864749-23-000074"
form_type: "8-K"
ticker: "TRMB"
cik: "0000864749"
company_name: "TRIMBLE INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:07:30.509013+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trimble Q1 revenue $915M (-8% YoY); record ARR $1.65B; updates FY guidance for Transporeon

## Summary
- GAAP EPS $0.52, non-GAAP EPS $0.72; record GAAP gross margin 61.3%, non-GAAP 64.2%.
- Annualized recurring revenue $1.65B, up 12% YoY, 13% organic; total revenue down 8% YoY.
- Full-year 2023 revenue guidance $3,835M-$3,935M; non-GAAP EPS $2.52-$2.72.
- Q2 2023 revenue guidance $962M-$992M; non-GAAP EPS $0.55-$0.61.
- Board member Sandra MacQuillan passed away April 27, 2023; Board now 10 directors.

## SEC filing metadata
- accession: 0000864749-23-000074
- form_type: 8-K
- ticker: TRMB
- cik: 0000864749
- company_name: TRIMBLE INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864749/000086474923000074/0000864749-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864749/000086474923000074/trmb-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000864749-23-000074
- JSON: https://secwatch.observer/filing/0000864749-23-000074.json
- Plain text: https://secwatch.observer/filing/0000864749-23-000074.txt

## Key facts
- Earnings Releases
  TRIMBLE INC. reported the quarter ended March 31, 2023 results: revenue $915.4 million, net income $128.8 million, EPS $0.52 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: $915.4 million
  - Net income: $128.8 million
  - EPS: $0.52 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter 2023 Financial Highlights • Revenue of $915.4 million, down 8 percent on a year-over-year basis, down 3 percent year-over-year on an organic basis • Annualized recurring revenue ("ARR") was $1.65 billion, up 12 percent year-over-year, up 13 percent on an organic basis • GAAP operating income was $137.0 million and non-GAAP operating income was $226.1 million • GAAP net income was $128.8 million and non-GAAP net income was $177.9 million • Diluted earnings per share ("EPS") was $0.52 on a GAAP basis and $0.72 on a non-GAAP basis • Adjusted EBITDA of $248.8 million, 27.2 percent of revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/864749/000086474923000074/0000864749-23-000074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.