NASDAQ$TRMB

Trimble Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Trimble's Q2 2021 results exceeded expectations, driven by growth in total revenue, annualized recurring revenue, and adjusted EBITDA.

Trimble announced record second quarter 2021 results with a total revenue of $945 million, up 29 percent year over year. Annualized recurring revenue (ARR) was $1.35 billion, up 11 percent year over year. The company also raised its full year guidance.

  • GAAP revenue was $945.2 million, up 29 percent year over year.
  • Annualized recurring revenue (ARR) was $1.35 billion, up 11 percent year over year.
  • GAAP operating income was $144.8 million and non-GAAP operating income was $228.6 million.
  • Adjusted EBITDA was $249.3 million, 26.4 percent of revenue.

Headline financials

Total Revenue

$945M

Previous: $735M+28.6%
EPS (adj)

$0.72

Previous: $0.52+38.5%
Annualized Recurring Revenue

$1.35B

Previous: $1.21B+11.6%
Capital Expenditures

-$21.4M

Previous: -$29.6M+27.7%
Free Cash Flow

$118M

Previous: $33.4M+251.8%
Net Income

$139M

Previous: $63M+120.5%
Operating Income

$145M

Previous: $97.6M+48.4%
Gross Profit

$525M

Previous: $406M+29.5%
Cash & Equivalents

$484M

Previous: $196M+146.6%
Total Assets

$6.96B

Previous: $6.65B+4.8%
Stock-Based Comp

$35.6M

No prior period

Revenue & EPS history

Trimble · Revenue · Quarterly

$945M

Q2 2021+28.6%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

For the full year 2021, Trimble now expects to report GAAP revenue between $3,550 million and $3,650 million and GAAP earnings per share of $1.53 to $1.71, and non-GAAP revenue between $3,550 million and $3,650 million and non-GAAP earnings per share of $2.45 and $2.65.

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 2021

Historical avgQ2 2021

+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%

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