Trimble Inc. stock research
FY2025 Q2
Trimble (TRMB) Gross Margin — Quarter Ended Jul 4, 2025
Revenue increased from the prior quarter but was slightly lower than the same quarter a year ago. Gross profit rose both sequentially and year-over-year, while cost of revenue declined in both comparisons, resulting in an improved gross margin. The company's 10-Q filing includes a Management Discussion and Analysis section and risk factor disclosures.
Gross margin takeaway
Quarter ended Jul 4, 2025 · FY2025 Q2
Revenue increased from the prior quarter but was slightly lower than the same quarter a year ago. Gross profit rose both sequentially and year-over-year, while cost of revenue declined in both comparisons, resulting in an improved gross margin. The company's 10-Q filing includes a Management Discussion and Analysis section and risk factor disclosures.
- The strongest observable margin driver is the reduction in cost of revenue relative to revenue, which increased gross profit and expanded the gross margin in both sequential and year-over-year comparisons.
- Compared to the prior quarter, revenue was higher, cost of revenue was lower, and gross profit and gross margin both improved. Compared to the same quarter one year earlier, revenue was slightly lower, but cost of revenue was substantially lower, leading to higher gross profit and a stronger gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
68.3%
Gross profit
$597.9M
Revenue
$875.7M
Cost of revenue
$277.8M
Quarter-over-quarter change
+1.6 pts
Year-over-year change
+5.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 27, 2024 | $875.8M | $575.6M | $300.2M | 65.7% |
| Jan 3, 2025 | $983.4M | $681.2M | $302.2M | 69.3% |
| Apr 4, 2025 | $840.6M | $560.8M | $279.8M | 66.7% |
| Jul 4, 2025 | $875.7M | $597.9M | $277.8M | 68.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Apr 4, 2025
+1.6 pts
Year-over-year change
Jun 28, 2024
+5.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the reduction in cost of revenue relative to revenue, which increased gross profit and expanded the gross margin in both sequential and year-over-year comparisons.
Compared to the prior quarter, revenue was higher, cost of revenue was lower, and gross profit and gross margin both improved. Compared to the same quarter one year earlier, revenue was slightly lower, but cost of revenue was substantially lower, leading to higher gross profit and a stronger gross margin.
Monitor the trajectory of cost of revenue, as its decline was a key factor in the gross margin improvement.