earnings
confidence high
sentiment positive
materiality 0.80
Trimble Q3 2023: Revenue $957M, ARR $1.94B (+25% YoY), GAAP EPS $0.30, Non-GAAP $0.68
TRIMBLE INC.
2023-Q3 EPS reported
$1.00
revenue$2,866,300,000
- Revenue $957.3M, up 8% YoY (2% organic); record ARR $1.94B, up 25% YoY (13% organic).
- GAAP gross margin 61.7%, non-GAAP 65.0% (record); GAAP op income margin 12.7%, non-GAAP 26.2%.
- GAAP net income $74.9M ($0.30 diluted EPS); non-GAAP net income $170.2M ($0.68 EPS).
- Full-year 2023 guidance: revenue $3.757-3.797B, GAAP EPS $1.15-1.23, non-GAAP EPS $2.58-2.66.
- Q4 2023 guidance: revenue $890-930M, GAAP EPS $0.14-0.23, non-GAAP EPS $0.55-0.63.