- Entry
- $65.12
- Final
- $53.04 -18.6%
- Target
- $52.00
- Score
- +0.92
Been watching Trimble for a while and the bull case has always been "software mix shift drives margin expansion." That is true in aggregate, but the granular numbers tell a messier story. The gross margin and EBITDA jumps everyone points to were materially front-loaded by January term-license renewals. That is a calendar effect. Trimble collects a big chunk of recurring software revenue at the start of the year, which flatters Q1 numbers and makes trailing comparisons look like genuine operational …
— ORIGINAL POST ·
$TRMB puts — the margin expansion story is more accounting artifact than actual operating leverage
· r/options
· Apr 3, 2026