earnings
confidence high
sentiment neutral
materiality 0.75
Trimble Q2 revenue $870.8M, non-GAAP EPS $0.62, raises FY guidance; delays 10-Q due to material weakness
TRIMBLE INC.
2024-Q2 EPS reported
$5.56
revenue$1,824,100,000
- Q2 revenue $870.8M, down 12% YoY (organic +1%); GAAP EPS $5.34, non-GAAP EPS $0.62.
- Record ARR of $2.11B, up 12% YoY (14% organic); gross margin also a record.
- Raising FY2024 guidance: revenue $3,590-3,670M, non-GAAP EPS $2.67-2.81.
- Additional material weakness in IT controls for revenue systems; no restatement expected, but Q2 10-Q filing delayed.