How much of the prior repurchase authorization was actually used?

Of the prior $1.0 billion authorization, $608.2 million remained unused as of the end of Q2 2026. This means Trimble had deployed approximately $391.8 million under the previous program before it was cancelled and replaced with the new $1.0 billion authorization.

Does the new authorization have an expiration date?

No. The filing states that the $1.0 billion authorization 'does not have an expiration date.' This gives management maximum flexibility to execute repurchases whenever market conditions are favorable.

What methods can Trimble use to repurchase shares under this program?

Trimble may repurchase shares through accelerated stock repurchase programs (ASR), open market transactions under Rule 10b-18, privately negotiated transactions, block purchases, tender offers, or other means. The company has not committed to any specific execution method.

Why did Trimble authorize a buyback despite recording a major goodwill impairment?

The $562.0 million goodwill impairment in the Transportation and Logistics segment was a non-cash charge reflecting valuation adjustments, not operational performance. Meanwhile, Trimble achieved record annualized recurring revenue of $2.51 billion and strong cash flow from operations ($515.0 million in the first half of 2026), supporting management's confidence in capital allocation.

Can the company suspend or cancel this repurchase program?

Yes. The filing explicitly states the program 'may be suspended, modified, or discontinued at any time without prior notice.' This provides management with full discretion to pause or cancel repurchases based on business conditions or other strategic priorities.

How does this authorization compare to the company's current market capitalization?

The $1.0 billion authorization represents a modest portion of Trimble's financial capacity. With approximately 233 million shares outstanding and no disclosed stock price in this filing, the buyback authorization is sized to allow flexibility without committing the entire free cash flow to repurchases, leaving room for acquisitions and debt management.

TRMB 8-K Filed 2026-08-12 New authorization

Trimble authorizes new $1B share repurchase program

Board replaces $1B prior authorization with new $1B program; $608.2M remained unused

Authorization$1.0B

MechanismNot specified

What the filing says

Trimble Inc. announced that its Board of Directors authorized a new $1.0 billion share repurchase program on August 12, 2026. The authorization has no expiration date and replaces the prior $1.0 billion program, of which $608.2 million remained available as of the end of the second quarter of 2026. The previous authorization is now cancelled.

Under the 2026 stock repurchase program, Trimble may repurchase shares through accelerated stock repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means. The timing and amount of repurchases will depend on market conditions, stock price, available capital, applicable legal requirements, and other factors. The program may be suspended, modified, or discontinued at any time without prior notice.

The authorization comes as Trimble reported record annualized recurring revenue of $2.51 billion (up 14% year-over-year) and raised full-year 2026 guidance. The company reported second-quarter revenue of $972.0 million (up 11% year-over-year) and record gross margins of 69.4%, though results were impacted by a $562.0 million goodwill impairment charge related to the Transportation and Logistics segment.

The Board of Directors authorized the repurchase of up to $1.0 billion in shares of the Company's common stock. The stock repurchase authorization does not have an expiration date and replaces the prior authorization of up to $1.0 billion, of which $608.2 million was remaining as of the end of the second quarter of 2026, but is now cancelled. — TRIMBLE INC. 8-K filing · View on SEC EDGAR →

What this means

Trimble's new $1.0 billion authorization refreshes its share-repurchase capacity following the expiration of the prior program, approximately $608 million of which had been deployed. The company is signaling confidence in its financial position and capital allocation strategy even as it manages a significant non-cash goodwill impairment. With approximately 233–234 million shares outstanding and cash of $214.4 million as of Q2 2026, the company has flexibility in deployment timing and mechanism. The open-ended authorization and multiple execution pathways (ASR, open market, etc.) allow management discretion based on market conditions and competing capital uses.

Frequently asked questions

How much of the prior repurchase authorization was actually used?: Of the prior $1.0 billion authorization, $608.2 million remained unused as of the end of Q2 2026. This means Trimble had deployed approximately $391.8 million under the previous program before it was cancelled and replaced with the new $1.0 billion authorization.
Does the new authorization have an expiration date?: No. The filing states that the $1.0 billion authorization 'does not have an expiration date.' This gives management maximum flexibility to execute repurchases whenever market conditions are favorable.
What methods can Trimble use to repurchase shares under this program?: Trimble may repurchase shares through accelerated stock repurchase programs (ASR), open market transactions under Rule 10b-18, privately negotiated transactions, block purchases, tender offers, or other means. The company has not committed to any specific execution method.
Why did Trimble authorize a buyback despite recording a major goodwill impairment?: The $562.0 million goodwill impairment in the Transportation and Logistics segment was a non-cash charge reflecting valuation adjustments, not operational performance. Meanwhile, Trimble achieved record annualized recurring revenue of $2.51 billion and strong cash flow from operations ($515.0 million in the first half of 2026), supporting management's confidence in capital allocation.
Can the company suspend or cancel this repurchase program?: Yes. The filing explicitly states the program 'may be suspended, modified, or discontinued at any time without prior notice.' This provides management with full discretion to pause or cancel repurchases based on business conditions or other strategic priorities.
How does this authorization compare to the company's current market capitalization?: The $1.0 billion authorization represents a modest portion of Trimble's financial capacity. With approximately 233 million shares outstanding and no disclosed stock price in this filing, the buyback authorization is sized to allow flexibility without committing the entire free cash flow to repurchases, leaving room for acquisitions and debt management.

authorization trimble tech-sector software-services open-ended

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.