Trimble Inc. (NASDAQ:TRMB) is one of the stocks that could 10x by 2030. On May 6, Trimble Inc. (NASDAQ:TRMB) delivered impressive first-quarter results characterized by record recurring revenue and gross margins, and provided solid guidance for 2026.
The impressive first-quarter results came against the backdrop of the Connect & Scale strategy, which is helping the company connect people, data workflows, and ecosystems. Revenue in the quarter was up 12% year over year to $939.9 million and up 12% on an organic basis. Annualized recurring revenue was up 12% to $2.43 billion as GAAP operating income increased 15.3% to $144 million.
Trimble generated $186.9 million in non-GAAP net income, translating to diluted earnings per share of $0.79. Adjusted EBITDA totaled $257.7 million as the company also repurchased 4.7 million shares for $316.9 million. For the full year, the company expects revenue of between $3.835 billion and $3.915 billion. Earnings per share are expected to be between $3.47 and $3.64.
Trimble Inc. (NASDAQ:TRMB) is a technology company that builds hardware, software, and services connecting the physical and digital worlds. They provide precise positioning tools, 3D modeling, and data analytics to optimize operations in the construction, agriculture, geospatial, and transportation sectors.
While we acknowledge the potential of TRMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Oil Stocks to Buy Now Amid the US-Iran Conflict and 14 Best 52-Week High Stocks to Invest In According to Short Sellers.
Disclosure: None. Follow Insider Monkey on Google News.