Trimble reported $2.00B of remaining performance obligations at 2 Oct 2026, up 18% from a year earlier and flat from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: $0.
Over the last twelve months it turned about 201% of its opening backlog into revenue (12-month conversion).
69% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 46.0% of the backlog.
Twelve-month book-to-bill: 1.08, i.e. 1.08 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +11 points — orders are running ahead of revenue.
By backlog size it ranks 181st among US filers the cockpit tracks.
Trimble backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
2 Oct 2026
$2.00B
$3.85B
0.5 yrs
$920M
3 Jul 2026
$2.00B
$3.78B
0.5 yrs
$947M
3 Apr 2026
$2.00B
$3.69B
0.5 yrs
$971M
2 Jan 2026
$2.00B
$3.59B
0.6 yrs
$999M
3 Oct 2025
$1.70B
$3.60B
0.5 yrs
$842M
4 Jul 2025
$1.70B
$3.58B
0.5 yrs
$882M
4 Apr 2025
$1.70B
$3.57B
0.5 yrs
$893M
3 Jan 2025
$1.70B
$3.68B
0.5 yrs
$896M
27 Sep 2024
$1.50B
$3.63B
0.4 yrs
$757M
28 Jun 2024
$1.70B
$3.71B
0.5 yrs
$814M
29 Mar 2024
$1.70B
$3.84B
0.4 yrs
$819M
29 Dec 2023
$1.80B
$3.80B
0.5 yrs
$761M
Questions
What is Trimble's backlog?
Trimble reported $2.00B of remaining performance obligations at 2 Oct 2026, up 18% from a year earlier and flat from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
How fast does Trimble's backlog turn into revenue?
Over the last twelve months Trimble recognised revenue equal to about 201% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.