Trimble reported second-quarter 2026 results that beat analyst expectations on revenue and adjusted profit, then lifted its full-year outlook and authorized a new $1 billion share repurchase program. Revenue rose 11% from a year earlier to $972 million, or 10% organically, while adjusted earnings came in at 86 cents a share versus estimates of 80 cents. Annualized recurring revenue increased 12% organically to $2.51 billion, with adjusted gross margin expanding to 71.8%. Management said growth was supported by AI-enabled workflows, connected data and steady demand in construction, data centers, utilities and energy infrastructure. AECO revenue rose 9% to $389 million, Field Systems revenue increased 12% to $442 million and Transportation and Logistics revenue climbed 5% to $141 million. Trimble also said Document Crunch, its AI-based contract risk intelligence acquisition, is outperforming expectations, while Trimble Connect added more than one million projects in the quarter, processed nearly 30 billion API calls and connected 60,000 active IoT devices. For 2026, Trimble now expects revenue of $3.9 billion to $3.95 billion and adjusted earnings of $3.60 to $3.70 a share, both above its prior view. For the third quarter, it forecast revenue of $953 million to $978 million and adjusted earnings of 83 cents to 88 cents a share. Shares fell 1.0% to $57.40 in Wednesday trading.