$TRMB
TRIMBLE NAVIGATION LTD /CA/
CIK:0000864749|SEC Filings
Condensed Consolidated Statements Of Operations (unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 03, 2026 |
Jul. 04, 2025 |
Jul. 03, 2026 |
Jul. 04, 2025 |
|
| Revenue: | ||||
| Total revenue | $ 972.0 | $ 875.7 | $ 1,911.9 | $ 1,716.3 |
| Cost of sales: | ||||
| Amortization of purchased intangible assets | 16.9 | 16.1 | 33.0 | 32.5 |
| Total cost of sales | 297.1 | 277.8 | 590.7 | 557.6 |
| Gross margin | 674.9 | 597.9 | 1,321.2 | 1,158.7 |
| Operating expense: | ||||
| Research and development | 177.1 | 163.3 | 346.6 | 321.8 |
| Sales and marketing | 176.3 | 158.4 | 352.4 | 311.6 |
| General and administrative | 149.7 | 117.6 | 276.4 | 239.1 |
| Restructuring | 12.6 | 4.0 | 15.5 | 8.5 |
| Amortization of purchased intangible assets | 27.2 | 26.8 | 54.3 | 52.4 |
| Total operating expense | 542.9 | 470.1 | 1,045.2 | 933.4 |
| Operating income | 132.0 | 127.8 | 276.0 | 225.3 |
| Non-operating (expense) income, net: | ||||
| Goodwill impairment | (562.0) | 0.0 | (562.0) | 0.0 |
| Interest expense, net | (20.9) | (19.4) | (40.4) | (35.0) |
| Income from equity method investments, net | 2.6 | 2.3 | 3.4 | 3.3 |
| Other income, net | 3.5 | 2.6 | 9.5 | 6.1 |
| Total non-operating expense, net | (576.8) | (14.5) | (589.5) | (25.6) |
| (Loss) income before taxes | (444.8) | 113.3 | (313.5) | 199.7 |
| Income tax provision | 26.9 | 24.1 | 59.3 | 43.8 |
| Net (loss) income | $ (471.7) | $ 89.2 | $ (372.8) | $ 155.9 |
| Loss (earnings) per share: | ||||
| Basic (in usd per share) | $ (2.02) | $ 0.37 | $ (1.60) | $ 0.65 |
| Diluted (in usd per share) | $ (2.02) | $ 0.37 | $ (1.60) | $ 0.64 |
| Shares used in calculating (loss) earnings per share: | ||||
| Basic (in shares) | 233.0 | 238.1 | 233.7 | 240.7 |
| Diluted (in shares) | 233.0 | 239.6 | 233.7 | 242.9 |
| Product | ||||
| Revenue: | ||||
| Total revenue | $ 331.4 | $ 292.8 | $ 642.6 | $ 564.4 |
| Cost of sales: | ||||
| Cost of sales | 160.1 | 144.4 | 318.3 | 288.1 |
| Subscription and services | ||||
| Revenue: | ||||
| Total revenue | 640.6 | 582.9 | 1,269.3 | 1,151.9 |
| Cost of sales: | ||||
| Cost of sales | $ 120.1 | $ 117.3 | $ 239.4 | $ 237.0 |
Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions |
Jul. 03, 2026 |
Jan. 02, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 214.4 | $ 253.4 |
| Accounts receivable, net | 598.1 | 856.0 |
| Inventories | 185.3 | 186.3 |
| Prepaid expenses | 115.3 | 102.7 |
| Other current assets | 231.8 | 233.5 |
| Total current assets | 1,344.9 | 1,631.9 |
| Property and equipment, net | 183.2 | 182.8 |
| Goodwill | 4,826.6 | 5,239.7 |
| Other purchased intangible assets, net | 850.4 | 924.1 |
| Deferred income tax assets | 253.8 | 260.0 |
| Equity investments | 617.4 | 610.8 |
| Other non-current assets | 464.5 | 462.7 |
| Total assets | 8,540.8 | 9,312.0 |
| Current liabilities: | ||
| Short-term debt | 16.4 | 0.0 |
| Accounts payable | 195.3 | 168.3 |
| Accrued compensation and benefits | 166.5 | 211.7 |
| Deferred revenue | 833.9 | 894.0 |
| Income taxes payable | 6.6 | 17.7 |
| Other current liabilities | 191.5 | 211.7 |
| Total current liabilities | 1,410.2 | 1,503.4 |
| Long-term debt | 1,442.9 | 1,392.2 |
| Deferred revenue, non-current | 113.2 | 104.7 |
| Deferred income tax liabilities | 180.9 | 190.5 |
| Other non-current liabilities | 282.8 | 285.0 |
| Total liabilities | 3,430.0 | 3,475.8 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding | 0.0 | 0.0 |
| Common stock, $0.001 par value; 360.0 shares authorized; 233.2 and 236.0 shares issued and outstanding at the end of the second quarter of 2026 and year end 2025 | 0.2 | 0.2 |
| Additional paid-in-capital | 2,489.9 | 2,437.9 |
| Retained earnings | 2,702.3 | 3,387.6 |
| Accumulated other comprehensive (loss) income | (81.6) | 10.5 |
| Total stockholders’ equity | 5,110.8 | 5,836.2 |
| Total liabilities and stockholders’ equity | $ 8,540.8 | $ 9,312.0 |