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Jun 30, 2020
Trimble Q2 2020 Earnings Report
Trimble's revenue decreased by 14% year-over-year, but ARR and operating margin increased.
Key Takeaways
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.
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
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Avg. Return Before/After Earnings
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