Trimble Revenue Grows 11% as Barclays Raises Price Target to $80

Key Facts

1Trimble revenue increased 11% year-over-year to $972 million in Q2 2026.

2Barclays raised its price objective for Trimble stock to $80.00.

3Annualized recurring revenue grew 14% to $2.51 billion.

Trimble revenue increased 11% year-over-year to $972 million in Q2 2026, according to AD HOC NEWS. The company's annualized recurring revenue grew 14% to reach $2.51 billion, prompting Barclays to raise its price objective for the stock to $80.00.

TRMB closed at $57.69 on September 24, 2026, while Barclays (BCS) closed at $24.43 on the same date. These financial results highlight a shift toward recurring software and services, which accounted for 65.9% of total revenue during the second quarter.