NASDAQ$TRMB

Trimble Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Trimble's revenue decreased by 14% year-over-year, but ARR and operating margin increased.

Trimble reported a decrease in revenue compared to the previous year, but experienced growth in annualized recurring revenue and operating margin. The company acknowledges ongoing macroeconomic challenges due to the COVID-19 pandemic.

  • Annualized recurring revenue (ARR) increased by 6% compared to the second quarter of 2019, reaching $1.21 billion.
  • GAAP operating margin was 13.3% of revenue, compared to 12.8% in the second quarter of 2019.
  • Non-GAAP operating margin was 23.1% of revenue, compared to 20.5% of revenue in the second quarter of 2019.
  • GAAP revenue was $733.6 million, a 14% decrease compared to the second quarter of 2019.

Headline financials

Total Revenue

$735M

Previous: $855M-14.0%
EPS (adj)

$0.52

Previous: $0.53-1.9%
Annualized Recurring Revenue

$1.21B

Previous: $1.14B+6.0%
GAAP Operating Margin

13.3%

Previous: 12.8%+3.9%
Capital Expenditures

-$29.6M

Previous: -$38.5M+23.1%
Free Cash Flow

$33.4M

Previous: $56.1M-40.5%
Net Income

$63M

Previous: $94.6M-33.4%
Operating Income

$97.6M

Previous: $110M-11.0%
Gross Profit

$406M

Previous: $461M-11.9%
Cash & Equivalents

$196M

Previous: $200M-1.6%
Total Assets

$6.65B

Previous: $5.88B+13.1%

Revenue & EPS history

Trimble · Revenue · Quarterly

$735M

Q2 2020-14%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Trimble is not providing a financial outlook for the third quarter of 2020 or the remainder of 2020 due to continued global economic uncertainty caused by the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+20.4%

Q3 2015

Best reaction

-16.0%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.2%-16.6%-20.5%
Q4 2025+2.9%-0.8%-1.2%
Q3 2025+2.5%+1.4%+6.3%
Q1 2025+4.7%+11.4%+14.1%
Q4 2024+0.6%-5.6%-6.1%
Q3 2024+17.1%+19.1%+21.5%
Q2 2024+1.5%+3.7%+12.0%
Q1 2024-6.5%-5.9%-7.3%
Q4 2023+6.6%+14.8%+20.6%
Q3 2023-11.2%-11.3%+0.5%
Q2 2023+3.7%+1.4%+2.4%
Q1 2023+3.5%+3.4%+7.8%
Q4 2022-3.7%-6.0%-19.0%
Q3 2022-13.1%-4.5%+1.9%
Q2 2022-2.9%-0.4%-11.6%
Q1 2022-8.4%-11.5%-1.9%
Q4 2021-4.3%-8.0%-8.6%
Q3 2021-2.1%+0.8%-5.3%
Q2 2021+4.2%+3.9%+10.5%
Q1 2021-5.0%-2.7%-0.1%
Q4 2020-2.2%-1.0%-1.1%
Q3 2020+6.0%+9.2%+19.6%
Q2 2020+8.7%+7.3%+10.7%
Q1 2020+11.0%+13.0%+37.4%
Q4 2019+2.5%+3.6%-35.3%
Q3 2019+0.7%+4.0%+2.5%
Q2 2019-14.2%-16.4%-15.6%
Q1 2019+3.2%+5.1%-2.3%
Q4 2018-0.1%+0.7%-0.5%
Q3 2018+2.1%-2.5%+1.7%
Q2 2018+15.2%+10.7%+19.3%
Q1 2018+0.4%-1.0%-0.2%
Q4 2017-6.7%-3.8%-3.4%
Q3 2017+4.1%-0.8%+2.2%
Q2 2017+0.9%+0.9%+3.1%
Q1 2017+9.6%+11.4%+10.6%
Q4 2016+5.5%+4.5%+4.8%
Q3 2016-7.1%-6.4%+0.1%
Q2 2016+0.6%+3.5%+1.8%
Q1 2016-7.6%
Q4 2015+12.3%
Q3 2015+20.4%
Q2 2015-16.0%
Q1 2015+2.7%
Q4 2014-0.3%
Q3 2014-11.0%
Q2 2014+3.4%
Q1 2014-8.9%
Q4 2013+16.1%
Q3 2013+17.7%
Q2 2013+2.4%
Q1 2013-6.5%
Q4 2012-2.8%
Q3 2012+11.7%
Q2 2012-1.6%
Q1 2012-0.0%
Q4 2011-1.5%
Q3 2011-1.5%
Q2 2011-1.2%
Q1 2011+2.6%
Q4 2010-0.7%
Q4 2009-0.7%
Q3 2010-2.3%
Q1 2010-4.0%
Q2 2010-4.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro