Trimble Inc. filed a Form 8-K on August 12, 2026, disclosing its financial results for the quarter ended July 3, 2026, and announcing a new $1.0 billion share repurchase authorization approved by its Board of Directors on August 10, 2026.

Key Highlights

  • Financial results reported: Trimble issued a press release on August 12, 2026, covering results for the quarter ended July 3, 2026.
  • New repurchase authorization: The Board of Directors authorized the repurchase of up to $1.0 billion in shares of common stock on August 10, 2026.
  • Prior authorization cancelled: The new program replaces the prior $1.0 billion authorization, of which $608.2 million was remaining as of the end of the second quarter of 2026.
  • No expiration date: The new stock repurchase authorization does not have an expiration date.
  • Repurchase methods: Shares may be repurchased through accelerated share repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means.

Trimble's Board Resets Buyback Program While Releasing Second-Quarter Results

According to the filing, Trimble Inc. (NASDAQ:TRMB) reported its financial results for the second fiscal quarter ended July 3, 2026, via a press release attached as Exhibit 99.1. The 8-K was signed by Phillip Sawarynski, Chief Financial Officer, and filed under Item 2.02, which covers Results of Operations and Financial Condition. The filing notes that the information in the report, including the exhibit, "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934."

Separately, under Item 8.01, the filing disclosed that the Board of Directors on August 10, 2026, authorized the repurchase of up to $1.0 billion in shares of the company's common stock. The new authorization replaces a prior $1.0 billion program, of which $608.2 million remained unused as of the end of the second quarter of 2026, which the filing states is now cancelled.

The filing states that under the repurchase program, the company "may repurchase shares of the Company's common stock from time to time through accelerated share repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means." The filing also notes that the program "may be suspended, modified, or discontinued at any time at the Company's discretion without prior notice."

What Was Disclosed

Trimble filed an 8-K on August 12, 2026, reporting second-quarter 2026 financial results and disclosing a new Board-authorized $1.0 billion share repurchase program with no expiration date, replacing a prior authorization that had $608.2 million remaining.