Slides
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© 2026 Trimble, Inc - All Rights Reserved Trimble Inc. Third Quarter 2026 Earnings Summary
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2 Forward-Looking Statements Certain statements made in this presentation and any subsequent Q&A period are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner, or get the benefits we are expecting from our joint ventures and partnerships. The Company's results could also be negatively impacted due to the general global macroeconomic outlook, including evolving trade policies, associated supply chain disruptions and shifts in demand, slowing growth, inflationary pressures, and fluctuations in interest rates, which may affect demand for our products and services, increase our costs and adversely affect our revenues and profitability; the pace at which our dealers work through their inventory; changes in our distribution channels; adverse geopolitical tensions and the ongoing impact of volatility and conflict in the political and economic environment, including the ongoing Middle East conflict, and the direct and indirect impact on our business; fluctuations in foreign currency exchange rates; the pace that we transition our business model towards a subscription model; the impact and risks of AI and AI-related developments; the impact of acquisitions or divestitures; the potential impact of any stock repurchases under our stock repurchase program; and our ability to maintain effective internal controls over financial reporting, including our ability to remediate our material weaknesses in our internal controls over financial reporting. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the U.S. Securities and Exchange Commission, including our quarterly reports on Form 10-Q and our annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based. To help our investors understand our past financial performance and our future results, as well as our performance relative to competitors, we supplement the financial results that we provide in accordance with generally accepted accounting principles, or GAAP, with non-GAAP financial measures. The following pages contain non-GAAP measures including non-GAAP revenue, Adjusted EBITDA, free cash flow, non-GAAP operating income, non-GAAP gross margin, non-GAAP tax rate, non-GAAP net income, and non-GAAP diluted earnings per share. The specific non-GAAP measures, which we use along with a corresponding reconciliation to the nearest comparable GAAP measures, can be found on our website at http://investor.trimble.com.
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3 Today’s Agenda Rob Painter President and Chief Executive Officer Q3’26 Highlights Phil Sawarynski Chief Financial Officer Q3’26 Financial Results FY’26 + Q4’26 Financial Outlook 1 2 3
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© 2026 Trimble, Inc - All Rights Reserved Q3’26 Highlights
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5 Financial Performance: Delivering short-term and long -term value creation ● Executing on financial and operational priorities ● Building for sustainable long-term growth ● Revenue and EPS in-line and above midpoint of guidance range for Q3; full year EBITDA margin target achieved one year ahead of plan Right to Win: Executing a differentiated platform strategy - Connect & Scale ● Ground truth forged in the field and connected to best in class capabilities in the office ● Structural data advantage at the intersection of physical and digital ● AI grounded in physical site reality AI: Investing and building momentum to compound outcomes and value ● Deepening adoption, engagement and customer productivity ● Building the foundation for monetization and TAM expansion ● Delivering operational efficiency and simplification Key Messages Q3’26
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6 Financial Highlights Third Quarter of 2026 Revenue $967M +7% organic Y|Y ARR $2.564M +10% organic Y|Y Adjusted EBITDA % 28.8% Non-GAAP EPS $0.86 +6% Y|Y 1. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix and http://investor.trimble.com for a reconciliation to the appropriate GAAP measure.
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7 Structural data advantage at the intersection of physical and digital • Deep context & domain: PBs of reality capture field data, trillions of dollars in construction spend, billions in freight spend, millions of customers, hundreds of thousands of machines & instruments • Open and extensible ecosystems that compound value for network participants • Data governance and cyber resilience that deliver trust across a scaled and global installed customer base Ground truth forged in the field and connected to best in class capabilities in the office • Construction: AECO participants linked across the project lifecycle from concept to completion • Transportation: Freight industry participants linked across the industry lifecycle from source to settle • Connecting data across high value workflows that solve higher order customer problems AI grounded in physical reality makes Trimble connected data more actionable and valuable • Near term priority to increase customer adoption, engagement and productivity with existing and new Trimble AI capabilities • Mid-term focus to monetize faster as usage patterns emerge and mature • Deliver internal efficiencies and innovations AI Compounds Value of Trimble’s Platform Strategy Connect, Scale, and AI 21 3 Right to win: Trimble is the trusted data layer for physical industries, and AI compounds its value + +ScaleConnect AI
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8 CASE STUDY: MJ CHURCH · M27 JUNCTION 10, HAMPSHIRE UK Trimble Connect tied survey, design, machine control and mixed-reality tools into a single model MJ Church used to plan, rehearse and execute the work. Trimble Connect Platform Business Center 3D corridor model & QA Access + R980/R750 GNSS field survey & setout Aerial Survey Drone capture & mapping Earthworks Machine control & grading SiteVision Mixed-reality walkthroughs WHY IT WORKED ● 45–60 file formats — IFC, DWG, point clouds — unified in one model ● No more “which model is this one?” across Teams, email and USB sticks ● Office-to-field changes propagated instantly, cutting setting-out errors ● Every shift began with a virtual walkthrough of the day's work 11% Time Savings on an extremely tight 9-day road closure — now being repeated on MJ Church's A47 Thickthorn project. Source: https://journals.cices.org/ces/ces-april-2026/features/earthworks-delivering-early One Platform, End to End 3D Connect model showing +0.50m clay surcharge & 1-in-1 final profile protection slopes prior to final trim
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9 Trimble Connect platform The result Coordinated and actionable project intelligence that delivers better outcomes. Reduce risk Improve predictability Greater confidence DATA | SECURITY The platform solution Trimble Connect creates a shared platform for specialized capabilities so information, context and intelligence can move with the work with a consistent experience. Amplified by AI Trimble Assist provides a common, conversational AI interface to provide guided insights across specialized tools, turning shared context into action. Combining physical ground truth with trusted data to deliver operational confidence AI
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© 2026 Trimble, Inc - All Rights Reserved Q3’26 Financial Results
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11 Highlights / Drivers 1. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix and http://investor.trimble.com for a reconciliation to the appropriate GAAP measure. THIRD QUARTER(1) ($M) Q3’26 Q3’25 YoY Revenue $967 $901 +7% organic ARR $2,564 $2,310 +10% organic Non-GAAP Gross Margin 70.5% 71.2% -70 bps Non-GAAP Operating Income Margin 27.2% 28.2% -100 bps Adjusted EBITDA Margin 28.8% 29.9% -110 bps Non-GAAP Earnings Per Share $0.86 $0.81 +6% ● Revenue and EPS in the upper half of guidance range ● Strong recurring revenue growth in AECO offset by headwinds in Field Systems and T&L ● Gross margin and operating margin down as expected, impacted by product mix and prior year comparison in Field Systems Q3'26 Summary Revenue Mix
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12 Cash flow progressing as expected $224M buyback in Q3 with $768M remaining on authorization(2) Balance Sheet ($M) Q3’26 Actual Cash and Equivalents $215 Total Debt $1,534 Net Debt $1,319 TTM As-Adjusted EBITDA $1,139 Net Debt / TTM As-Adjusted EBITDA 1.2x NWC % of Revenue <0% Year-To-Date Cash Flow ($M) 2026 2025 Operating Cash Flow $665 $226 Capital Expenditures $21 $20 Free Cash Flow(1) $644 $206 Share Repurchases $553 $727 1. Free cash flow refers to cash flow from operating activities minus capital expenditures. Cash flow in FY25 was impacted by a $277M tax payment related to Agriculture divestiture. 2. Includes $8 million in transit shares settled in early Q4’26. See Appendix and http://investor.trimble.com for a reconciliation to the appropriate GAAP measure. Balance Sheet and Cash Flow
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13 Note: Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix for a reconciliation to the appropriate GAAP measure. Q3’26 Performance Summary ARR growth remains strong Trimble Construction One bundles/cross-sell driving bookings growth and consistent net retention Increasing operating margin guide to 36% in FY’26 Segment Highlights And Drivers Solid revenue growth in Civil Construction and Geospatial, led by data center build outs, utilities, and energy infrastructure ARR growth continued to moderate; strong growth continues in core Civil and Geospatial offerings like WorksPlus Operating margins down primarily due to product mix, trade show timing, and strong prior year comparison 5% organic ARR growth moderated; freight market remains challenging AI enabled offerings grew 20%+ Operating margins continue to expand as expected 15 AECO Field Systems T&L ($M) Q3’26 YoY Q3’26 YoY Q3’26 YoY ARR $1,636 +13% Organic $407 +5% Organic $521 +5% Organic Revenue $395 +9% Organic $436 +7% Organic $136 +2% Organic Operating Income Margin 33.5% +170 bps 29.5% -390 bps 26.3% +50 bps Operating Income $132 +16% $129 -6% $36 +3%
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© 2026 Trimble, Inc - All Rights Reserved FY’26 and Q4’26 Outlook
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15 FY’26 Organic ARR Growth ≈10% Revenue $3.91 to $3.94B Total Growth(1) +10% to +11% Organic Growth(1) +9% to +10% Non-GAAP Operating Margin 28.2% to 28.5% Adj. EBITDA Margin 29.8% to 30.0% Non-GAAP EPS $3.63 to $3.69 Free cash flow ≈0.9X Non-GAAP Net Income ● Updating guidance: continue to expect mid-to-high teens EPS growth ● Organic ARR growth expected to be approximately 10% vs prior guidance of 12-14% driven by lower than expected growth in Field Systems and T&L ● Free cash flow approximately 1X adjusted for non-recurring M&A/divestiture and restructuring expense ● Net interest expense ≈$82M ● Avg. shares of 234M ● Tax rate of 17.2% FY'26 Outlook Notes See earnings supplement at http://investor.trimble.com and Appendix for detailed assumptions for guidance and reconciliation to the appropriate GAAP measure. (1) As-adjusted figures exclude the financial results from the mobility business (divested in Q1’25). Full Year 2026 Outlook
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16 FY'26 Segment Details and Outlook(1) AECO FIELD SYSTEMS T&L Revenue ≈$1.69B (FY’25=$1.5B) ≈$1.68B (FY’25=$1.54B) ≈$555M (FY’25=$527M)(1) Organic revenue growth Y/Y % +Low-teens % +HSD % +MSD % Organic ARR growth Y/Y % ≈13% +LSD % +MSD % Operating income margin % ≈36% ≈30% ≈25% Note: Figures shown represent the midpoint of the guidance ranges. (1) As-adjusted figures exclude the financial results from the mobility business (divested in Q1’25). See Appendix for reconciliation to as-adjusted figures. Full Year 2026 Segment Details
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17 ● Net interest expense ≈$21M ● Avg. share count of 231M ● Tax rate of 17.1% Q4’26 Organic ARR Growth ≈10% Revenue $1.031B to $1.061B Total Growth +6% to +9% Organic Growth +6% to +10% Non-GAAP Operating Margin 32.8% to 33.4% Adj. EBITDA Margin 34.1% to 34.7% Non-GAAP EPS $1.13 to $1.19 Q4'26 Outlook Q4’26 Outlook Notes See earnings supplement at http://investor.trimble.com and Appendix for detailed assumptions for guidance and reconciliation to the appropriate GAAP measure.
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© 2026 Trimble, Inc - All Rights Reserved Appendix & Reconciliations
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19 Historical segment financials (as-reported) Revenue ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 AECO $339 $300 $306 $414 $1,359 $335 $350 $358 $454 $1,499 $391 $389 $395 Field Systems 419 379 375 363 1,536 359 393 409 379 1,539 409 442 436 Transportation & Logistics 195 192 195 207 789 146 133 134 136 549 140 141 136 TOTAL $953 $871 $876 $983 $3,683 $841 $876 $901 $970 $3,587 $940 $972 $967 Operating Income ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 AECO $127 $79 $89 $169 $464 $92 $106 $114 $200 $512 $123 $119 $132 Field Systems 98 110 124 110 442 107 121 137 114 478 118 146 129 Transportation & Logistics 36 36 41 42 155 26 29 35 31 121 34 34 36 Unallocated Corporate (27) (30) (29) (37) (123) (26) (33) (31) (32) (123) (32) (38) (34) TOTAL $234 $194 $225 $284 $937 $198 $223 $254 $313 $988 $243 $261 $263 Operating Income Margin % Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 AECO 37.4% 26.4% 29.1% 40.8% 34.1% 27.3% 30.4% 31.8% 44.1% 34.2% 31.5% 30.6% 33.5% Field Systems 23.4% 28.9% 33.0% 30.4% 28.8% 29.7% 30.8% 33.4% 30.0% 31.1% 28.8% 32.9% 29.5% Transportation & Logistics 18.6% 18.7% 21.0% 20.3% 19.7% 17.9% 21.6% 25.8% 22.9% 21.9% 24.2% 24.0% 26.3% TOTAL 24.6% 22.3% 25.7% 28.8% 25.4% 23.6% 25.4% 28.2% 32.3% 27.5% 25.9% 26.8% 27.2%
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20 AECO Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 18% 14% 13% 43% 22% 0% 16% 17% 8% 10% 14% 9% 9% Acquisitions 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% 0% 1% 1% Divestitures -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% 0% 0% 0% Foreign Currency +1% 0% 1% 1% 1% -1% 1% 0% 2% 0% 3% 1% 0% TOTAL 18% 13% 14% 43% 22% -1% 17% 17% 10% 10% 17% 11% 10% Field Systems Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic -12% -6% -2% 3% -4% 5% 3% 8% 3% 5% 12% 12% 7% Acquisitions 0% 2% 2% 2% 1% 2% 0% 0% 0% 1% 0% 0% 0% Divestitures -1% -26% -24% -25% -19% -21% 0% 0% 0% -6% 0% 0% 0% Foreign Currency 0% 0% 0% 0% 0% 0% 1% 1% 1% 0% 2% 1% 0% TOTAL -13% -30% -24% -20% -22% -14% 4% 9% 4% 0% 14% 13% 7% Transportation & Logistics Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 4% 3% 3% 9% 5% 1% 5% 3% -1% 2% 6% 5% 2% Acquisitions 29% 0% 0% 0% 6% 2% 2% 2% 2% 2% 0% 0% 0% Divestitures -1% -1% -1% 0% -1% -26% -39% -37% -37% -35% -15% 0% 0% Foreign Currency 0% 0% 0% -1% 0% -2% 1% 1% 2% 1% 5% 1% -1% TOTAL 32% 2% 2% 8% 10% -25% -31% -31% -34% -30% -4% 6% 1% Total Trimble Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 0% 1% 3% 17% 5% 2% 8% 10% 4% 6% 12% 10% 7% Acquisitions 5% 1% 1% 1% 2% 1% 1% 0% 0% 1% 0% 0% 0% Divestitures -1% -14% -13% -13% -10% -14% -9% -8% -7% -10% -3% 0% 0% Foreign Currency 0% 0% 0% 0% 0% -1% 1% 1% 2% 1% 3% 1% 0% TOTAL 4% -12% -9% 5% -3% -12% 1% 3% -1% -3% 12% 11% 7% Historical revenue growth metrics (as-reported) Note: Rounding may cause totals to differ from the sum of the components.
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21 ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 $1,510 $1,577 $1,636 Field Systems 273 283 290 289 304 308 328 341 358 358 386 409 400 399 407 Transportation & Logistics 451 614 624 626 631 641 649 649 525 492 501 508 525 533 521 Total $1,648 $1,883 $1,935 $1,982 $2,029 $2,113 $2,187 $2,258 $2,176 $2,210 $2,310 $2,392 $2,435 $2,509 $2,564 Organic ARR Growth % Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 AECO 19% 19% 18% 17% 18% 18% 18% 18% 19% 16% 17% 16% 14% 14% 13% Field Systems 12% 12% 12% 12% 13% 16% 18% 21% 24% 17% 18% 20% 12% 12% 5% Transportation & Logistics 4% 5% 5% 4% 4% 6% 5% 5% 4% 5% 5% 7% 8% 7% 5% Total 13% 14% 13% 13% 13% 14% 14% 14% 15% 13% 14% 14% 12% 12% 10% Historical ARR growth metrics (as-reported)
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22 Agriculture ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Revenue $85 NA NA NA $85 NA NA NA NA $0 NA NA NA Operating Income 8 NA NA NA 8 NA NA NA NA 0 NA NA NA Operating Margin 9.8% NA NA NA 9.8% NA NA NA NA 0.0% NA NA NA Mobility ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Revenue $79 $74 $73 $72 $298 $23 NA NA NA $23 NA NA NA Operating Income 9 9 10 8 35 0 NA NA NA 0 NA NA NA Operating Margin 11.2% 12.1% 13.2% 10.8% 11.8% 0.0% NA NA NA 0.0% NA NA NA 53rd Week ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Revenue NA NA NA $90 $90 NA NA NA NA $0 NA NA NA Operating Income NA NA NA 62 62 NA NA NA NA 0 NA NA NA Operating Margin NA NA NA 68.5% 68.5% NA NA NA NA 0.0% NA NA NA Total Adjustments ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Revenue $164 $74 $73 $163 $474 $23 NA NA NA $23 NA NA NA Operating Income 17 9 10 70 105 0 NA NA NA 0 NA NA NA Operating Margin 10.5% 12.1% 13.2% 42.9% 22.3% 0.0% NA NA NA 0.0% NA NA NA Historical segment financials (as-adjusted) Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024.
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23 Revenue (as-adjusted) ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 AECO $339 $300 $306 $338 $1,283 $335 $350 $358 $454 $1,499 $391 $389 $395 Field Systems 334 379 375 359 1,447 359 393 409 379 1,539 409 442 436 Transportation & Logistics 116 117 122 123 479 123 133 134 136 527 140 141 136 TOTAL $790 $796 $803 $821 $3,210 $818 $876 $901 $970 $3,565 $940 $972 $967 Operating Income (as-adjusted) ($MMs) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 AECO $127 $79 $89 $105 $400 $92 $106 $114 $200 $512 $123 $119 $132 Field Systems 90 110 124 112 436 107 121 137 114 478 118 146 129 Transportation & Logistics 27 27 31 30 116 26 29 35 31 121 34 34 36 Unallocated Corporate (27) (30) (29) (34) (120) (26) (33) (31) (32) (123) (32) (38) (34) TOTAL $217 $185 $215 $214 $832 $198 $223 $254 $313 $988 $243 $261 $263 Operating Income Margin % (as-adjusted) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 AECO 37.4% 26.4% 29.1% 31.2% 31.2% 27.3% 30.4% 31.8% 44.1% 34.2% 31.5% 30.6% 33.5% Field Systems 26.9% 28.9% 33.0% 31.2% 30.1% 29.7% 30.8% 33.4% 30.0% 31.1% 28.8% 32.9% 29.5% Transportation & Logistics 23.6% 23.0% 25.7% 24.2% 24.1% 21.2% 21.5% 25.8% 22.9% 22.9% 24.2% 24.0% 26.3% TOTAL 27.5% 23.3% 26.8% 26.1% 25.9% 24.2% 25.4% 28.2% 32.3% 27.7% 25.9% 26.8% 27.2% Historical segment financials (as-adjusted) Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024.
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24 AECO (as-adjusted) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 18% 14% 13% 17% 16% 0% 16% 17% 32% 16% 14% 9% 9% Acquisitions 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1% 1% Divestitures -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% 0% 0% 0% Foreign Currency 0% 0% 0% 0% 0% -1% 1% 1% 2% 1% 3% 1% 0% TOTAL 18% 13% 14% 17% 16% -1% 17% 17% 34% 17% 17% 11% 10% Field Systems (as-adjusted) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 1% -8% -2% 2% -2% 6% 3% 8% 4% 5% 12% 12% 7% Acquisitions 0% 3% 2% 4% 2% 3% 0% 0% 0% 1% 0% 0% 0% Divestitures -1% -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% 0% 0% Foreign Currency 0% 0% 0% 0% 0% -1% 1% 1% 1% 1% 2% 1% 0% TOTAL 0% -7% -1% 5% -1% 8% 4% 9% 6% 6% 14% 13% 7% Transportation & Logistics (as-adjusted) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 7% 7% 10% 8% 8% 5% 8% 4% 4% 5% 7% 5% 2% Acquisitions 62% 0% 0% 0% 11% 3% 3% 3% 3% 3% 0% 0% 0% Divestitures -3% -2% -1% -1% -1% 0% 0% 0% 0% 0% 0% 0% 0% Foreign Currency 0% -1% 0% -1% 0% -2% 2% 3% 4% 2% 5% 1% -1% TOTAL 66% 4% 8% 7% 17% 6% 13% 10% 11% 10% 13% 6% 1% Total Trimble (as-adjusted) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Organic 8% 1% 5% 9% 6% 3% 9% 11% 16% 10% 12% 10% 7% Acquisitions 6% 1% 1% 2% 3% 2% 0% 0% 0% 1% 0% 0% 0% Divestitures -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% 0% 0% 0% Foreign Currency 0% 0% 0% 0% 0% -1% 1% 1% 2% 1% 3% 1% 0% TOTAL 14% 2% 6% 10% 8% 4% 10% 12% 18% 11% 15% 11% 7% Historical revenue growth metrics (as-adjusted) Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Note: Rounding may cause totals to differ from the sum of the components.
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25 Historical ARR growth metrics (as-adjusted) ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 $1,510 $1,577 $1,636 Field Systems 255 266 274 281 288 308 328 341 358 358 386 409 400 399 407 Transportation & Logistics 242 405 411 420 425 435 444 446 459 492 501 508 525 533 521 Total $1,421 $1,656 $1,707 $1,768 $1,807 $1,908 $1,981 $2,056 $2,111 $2,210 $2,310 $2,392 $2,435 $2,509 $2,564 Organic ARR Growth % Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 AECO 19% 19% 18% 17% 18% 18% 18% 18% 19% 16% 17% 16% 14% 14% 13% Field Systems 12% 12% 13% 15% 14% 17% 19% 21% 25% 17% 18% 20% 12% 12% 5% Transportation & Logistics 7% 9% 7% 7% 10% 9% 9% 8% 7% 8% 7% 7% 9% 7% 5% Total 15% 16% 15% 15% 16% 16% 16% 16% 17% 14% 15% 14% 13% 12% 10% Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024.
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26 $ in MMs Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Revenue, As-Reported $953 $871 $876 $983 $3,683 $841 $876 $901 $970 $3,587 $940 $972 $967 Less: Agriculture (85) NA NA NA (85) NA NA NA NA 0 NA NA NA Less: Mobility (79) (74) (73) (72) (298) (23) NA NA NA (23) NA NA NA Less: 53rd Week 0 0 0 (90) (90) NA NA NA NA 0 NA NA NA Revenue, As-Adjusted $790 $796 $803 $821 $3,210 $818 $876 $901 $970 $3,565 $940 $972 $967 GAAP Operating Income, As-Reported $109 $62 $117 $174 $461 $98 $128 $151 $216 $592 $144 $132 $142 Add: Amort. of purchased intangible assets 55 54 45 45 199 42 43 44 44 172 43 44 44 Add: Acquisition / divestiture items 24 34 17 6 82 9 3 1 6 19 6 24 13 Add: Stock-based comp. / deferred comp. 39 38 38 49 164 38 41 37 37 151 44 44 33 Add: Restructuring and other costs 8 6 8 11 32 12 8 22 11 54 6 16 31 Non-GAAP Operating Income, As-Reported $234 $194 $225 $284 $937 $198 $223 $254 $313 $988 $243 $261 $263 Less: Agriculture Non-GAAP Operating Income (8) NA NA NA (8) 0 NA NA NA 0 NA NA NA Less: Mobility Non-GAAP Operating Income (9) (9) (10) (8) (35) 0 NA NA NA 0 NA NA NA Less: 53rd Week Non-GAAP Operating Income 0 0 0 (62) (62) 0 NA NA NA 0 NA NA NA Non-GAAP Operating Income, As-Adjusted $217 $185 $215 $214 $832 $198 $223 $254 $313 $988 $243 $261 $263 Non-GAAP Operating Income, As-Reported $234 $194 $225 $284 $937 $198 $223 $254 $313 $988 $243 $261 $263 Add: Depreciation & cloud computing amort. 11 12 12 15 49 12 12 12 12 49 12 12 12 Add: Equity Method Income 6 8 1 0 14 2 5 3 0 9 3 5 4 Adjusted EBITDA, As-Reported $251 $214 $237 $298 $1,000 $212 $240 $269 $325 $1,046 $258 $278 $279 Less: Agriculture EBITDA (8) NA NA NA (8) 0 NA NA NA 0 NA NA NA Less: Mobility EBITDA (10) (10) (10) (8) (37) 0 NA NA NA 0 NA NA NA Less: 53rd Week EBITDA 0 0 0 (62) (62) 0 NA NA NA 0 NA NA NA Adjusted EBITDA, As-Adjusted $233 $204 $227 $228 $893 $212 $240 $269 $325 $1,046 $258 $278 $279 As-adjusted reconciliation Note: Non-GAAP measures, which we use along with a corresponding reconciliation to the nearest comparable GAAP measures, can be found on our website at http://investor.trimble.com. Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024.