Robust Recurring Revenue Affirms Trimble Inc. (TRMB) as a Stock That Could 10x by 2030

Trimble Inc. (NASDAQ:TRMB) is one of the stocks that could 10x by 2030. On May 6, Trimble Inc. (NASDAQ:TRMB) delivered impressive first-quarter results characterized by record recurring revenue and gross margins, and provided solid guidance for 2026.

Robust Recurring Revenue Affirms Trimble Inc. (TRMB) as a Stock That Could 10x by 2030

The impressive first-quarter results came against the backdrop of the Connect & Scale strategy, which is helping the company connect people, data workflows, and ecosystems. Revenue in the quarter was up 12% year over year to $939.9 million and up 12% on an organic basis. Annualized recurring revenue was up 12% to $2.43 billion as GAAP operating income increased 15.3% to $144 million.

Trimble generated $186.9 million in non-GAAP net income, translating to diluted earnings per share of $0.79. Adjusted EBITDA totaled $257.7 million as the company also repurchased 4.7 million shares for $316.9 million. For the full year, the company expects revenue of between $3.835 billion and $3.915 billion. Earnings per share are expected to be between $3.47 and $3.64.

Trimble Inc. (NASDAQ:TRMB) is a technology company that builds hardware, software, and services connecting the physical and digital worlds. They provide precise positioning tools, 3D modeling, and data analytics to optimize operations in the construction, agriculture, geospatial, and transportation sectors.

While we acknowledge the risk and potential of TRMB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TRMB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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