---
schema_version: "secwatch.filing_event.v1"
accession: "0000864749-24-000126"
form_type: "8-K"
ticker: "TRMB"
cik: "0000864749"
company_name: "TRIMBLE INC."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:37:03.092823+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Trimble: Q1 revenue up 4%, record ARR; discloses new material weakness, delays 10-Q

## Summary
- Q1 revenue $953.3M (+4% YoY); GAAP EPS $0.23, non-GAAP EPS $0.64.
- Record ARR $2.03B (+23% YoY, +13% organic); gross margin record 62.3% GAAP, 65.8% non-GAAP.
- Full-year 2024 guidance: revenue $3.57-3.67B, non-GAAP EPS $2.60-2.80.
- EY identified IT control concerns; Company concludes additional material weakness in revenue controls as of Dec 29, 2023.
- CEO/CFO deem disclosure controls ineffective; Q1 10-Q delayed; expects Nasdaq non-compliance; will amend 10-K.

## SEC filing metadata
- accession: 0000864749-24-000126
- form_type: 8-K
- ticker: TRMB
- cik: 0000864749
- company_name: TRIMBLE INC.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864749/000086474924000126/0000864749-24-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864749/000086474924000126/trmb-20240503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000864749-24-000126
- JSON: https://secwatch.observer/filing/0000864749-24-000126.json
- Plain text: https://secwatch.observer/filing/0000864749-24-000126.txt

## Key facts
- Earnings Releases
  TRIMBLE INC. reported the quarter ended March 29, 2024 results: revenue $953.3 million, net income $57.2 million, EPS $0.23. Guidance initiated.
  - Period: the quarter ended March 29, 2024
  - Revenue: $953.3 million
  - Net income: $57.2 million
  - EPS: $0.23
  - Guidance: initiated
  - Result: reported results
  source text: First Quarter 2024 Financial Highlights • Revenue of $953.3 million, up 4 percent on a year-over-year basis, flat on an organic basis • Annualized recurring revenue ("ARR") was $2.03 billion, up 23 percent year-over-year, up 13 percent on an organic basis • GAAP operating income was $109.2 million, 11.5 percent of revenue and non-GAAP operating income was $234.4 million, 24.6 percent of revenue • GAAP net income was $57.2 million and non-GAAP net income was $159.1 million • Diluted earnings per share ("EPS") was $0.23 on a GAAP basis and $0.64 on a non-GAAP basis • Adjusted EBITDA was $250.9 million, 26.3 percent of revenue • Share repurchases of $175.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/864749/000086474924000126/0000864749-24-000126-index.htm

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