Trimble Inc. reported second quarter 2026 financial results for the period ended July 3, 2026, alongside a new share repurchase authorization. Revenue increased 11% year-over-year to $972.0 million, while annualized recurring revenue reached a record $2.51 billion. GAAP net loss was $(471.7) million due largely to a $562.0 million goodwill impairment in the Transportation and Logistics segment; non-GAAP net income was $200.3 million with diluted earnings per share of $0.86. The Board authorized up to $1.0 billion for future stock repurchases, replacing a prior authorization with $608.2 million remaining. Trimble raised full-year 2026 guidance, expecting revenue between $3,900 million and $3,950 million and non-GAAP EPS of $3.60 to $3.70. Trimble Inc. is a global technology company that provides precise positioning, modeling, and data analytics solutions for the construction, geospatial, and transportation industries.