Trimble Inc. stock research
FY2026 Q1
Trimble (TRMB) Gross Margin — Quarter Ended Apr 3, 2026
Revenue increased compared to the same quarter a year ago, while cost of revenue grew at a slower rate, leading to higher gross profit and an improved gross margin. Sequentially, revenue declined and cost of revenue rose, resulting in lower gross profit and a weakened gross margin.
Gross margin takeaway
Quarter ended Apr 3, 2026 · FY2026 Q1
Revenue increased compared to the same quarter a year ago, while cost of revenue grew at a slower rate, leading to higher gross profit and an improved gross margin. Sequentially, revenue declined and cost of revenue rose, resulting in lower gross profit and a weakened gross margin.
- The strongest observable margin driver is the relationship between revenue and cost of revenue changes. Year-over-year, cost of revenue increased less than revenue, expanding margin; quarter-over-quarter, cost of revenue increased despite revenue contraction, compressing margin.
- Compared to the immediately preceding quarter, gross margin weakened as revenue decreased and cost of revenue increased. Compared to the same quarter one year earlier, gross margin improved as revenue grew more than cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
68.8%
Gross profit
$646.3M
Revenue
$939.9M
Cost of revenue
$293.6M
Quarter-over-quarter change
-3.2 pts
Year-over-year change
+2.0 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 |
|---|---|---|---|---|
| Jul 4, 2025 | $875.7M | $597.9M | $277.8M | 68.3% |
| Oct 3, 2025 | $901.2M | $621.1M | $280.1M | 68.9% |
| Jan 2, 2026 | $969.8M | $698.1M | $271.7M | 72.0% |
| Apr 3, 2026 | $939.9M | $646.3M | $293.6M | 68.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 2, 2026
-3.2 pts
Year-over-year change
Apr 4, 2025
+2.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue changes. Year-over-year, cost of revenue increased less than revenue, expanding margin; quarter-over-quarter, cost of revenue increased despite revenue contraction, compressing margin.
Compared to the immediately preceding quarter, gross margin weakened as revenue decreased and cost of revenue increased. Compared to the same quarter one year earlier, gross margin improved as revenue grew more than cost of revenue.
Monitor the trajectory of cost of revenue relative to revenue in forthcoming quarters, as its divergence from revenue growth has been the primary driver of margin changes.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Trimble Inc. (TRMB) | 68.8% |