GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

First Quarter of

2019

Dollar

% of

Dollar

% of

Amount

Revenue

Amount

Revenue

REVENUE:

GAAP revenue:

$              801.6

$  742.2

Acquired deferred revenue adjustment

( A )

2.9

2.9

Non-GAAP Revenue:

$              804.5

$  745.1

GROSS MARGIN:

GAAP gross margin:

$              438.3

54.7 %

$  396.2

53.4 %

Acquired deferred revenue adjustment

( A )

2.9

2.9

Restructuring charges

( B )

0.2

(0.2)

Amortization of purchased intangible assets

( C )

24.2

23.1

Stock-based compensation

( D )

1.3

1.1

Acquisition / divestiture items

( E )

—

2.0

Non-GAAP gross margin:

$              466.9

58.0 %

$  425.1

57.1 %

OPERATING EXPENSES:

GAAP operating expenses:

$              352.0

43.9 %

$  332.0

44.7 %

Restructuring charges

( B )

(3.5)

(1.6)

Amortization of purchased intangible assets

( C )

(20.1)

(17.4)

Stock-based compensation

( D )

(15.0)

(16.3)

Acquisition / divestiture items

( E )

(1.1)

(14.0)

Amortization of acquired capitalized commissions

( F )

1.7

0.5

Non-GAAP operating expenses:

$              314.0

39.0 %

$  283.2

38.0 %

OPERATING INCOME:

GAAP operating income:

$                86.3

10.8 %

$    64.2

8.6 %

Acquired deferred revenue adjustment

( A )

2.9

2.9

Restructuring charges

( B )

3.7

1.4

Amortization of purchased intangible assets

( C )

44.3

40.5

Stock-based compensation

( D )

16.3

17.4

Acquisition / divestiture items

( E )

1.1

16.0

Amortization of acquired capitalized commissions

( F )

(1.7)

(0.5)

Non-GAAP operating income:

$              152.9

19.0 %

$  141.9

19.0 %

NON-OPERATING INCOME (EXPENSE), NET:

GAAP non-operating income (expense), net:

$               (11.1)

$      2.5

Acquisition / divestiture items

( E )

0.3

Non-GAAP non-operating expense, net:

$     (0.3)

GAAP and

GAAP and

Non-GAAP

Non-GAAP

Tax Rate %

( I )

Tax Rate %

( I )

INCOME TAX PROVISION:

GAAP income tax provision:

$                12.8

17 %

$      8.0

12 %

Non-GAAP items tax effected

( G )

11.4

9.0

Difference in GAAP and Non-GAAP tax rate

( H )

4.2

9.9

Non-GAAP income tax provision:

$                28.4

$    26.9

19 %

NET INCOME:

GAAP net income attributable to Trimble Inc.:

$                62.3

$    58.5

Acquired deferred revenue adjustment

( A )

2.9

2.9

Restructuring charges

( B )

3.7

1.4

Amortization of purchased intangible assets

( C )

44.3

40.5

Stock-based compensation

( D )

16.3

17.4

Acquisition / divestiture items

( E )

1.4

13.2

Amortization of acquired capitalized commissions

( F )

(1.7)

(0.5)

Non-GAAP tax adjustments

( G ) + ( H )

(15.6)

(18.9)

Non-GAAP net income attributable to Trimble Inc.:

$              113.6

$  114.5

DILUTED NET INCOME PER SHARE:

GAAP diluted net income per share attributable to Trimble Inc.:

$                0.25

$    0.23

Acquired deferred revenue adjustment

( A )

0.01

0.01

Restructuring charges

( B )

0.02

—

Amortization of purchased intangible assets

( C )

0.17

0.16

Stock-based compensation

( D )

0.06

0.07

Acquisition / divestiture items

( E )

0.01

0.05

Amortization of acquired capitalized commissions

( F )

(0.01)

—

Non-GAAP tax adjustments

( G ) + ( H )

(0.06)

(0.07)

Non-GAAP diluted net income per share attributable to Trimble Inc.:

$                0.45

$    0.45

Second Quarter of 2019

Low End

High End

FORECASTED DILUTED NET INCOME PER SHARE:

Forecasted GAAP diluted net income per share attributable to Trimble Inc.:

$                0.31

$      0.35

Acquired deferred revenue adjustment

( A )

—

—

Restructuring charges

( B )

0.01

0.01

Amortization of purchased intangible assets

( C )

0.18

0.18

Stock-based compensation

( D )

0.09

0.09

Acquisition / divestiture items

( E )

0.01

0.01

Amortization of acquired capitalized commissions

( F )

(0.01)

(0.01)

Non-GAAP tax adjustments

( G ) + ( H )

(0.07)

(0.07)

Forecasted non-GAAP diluted net income per share attributable to Trimble Inc.:

$                0.52

$      0.56