GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

Second Quarter of

First Two Quarters of

2018

2017

2018

2017

* As Adjusted

* As Adjusted

Dollar

% of

Dollar

% of

Dollar

% of

Dollar

% of

Amount

Revenue

Amount

Revenue

Amount

Revenue

Amount

Revenue

GROSS MARGIN:

GAAP gross margin:

$   422.7

53.8 %

$   342.6

51.9 %

$     818.9

53.6 %

$     666.9

52.5 %

Restructuring charges

( A )

0.6

0.1 %

0.5

0.1 %

0.4

0.1 %

1.0

0.1 %

Amortization of purchased intangible assets

( B )

23.9

3.0 %

20.5

3.1 %

47.0

3.1 %

39.5

3.1 %

Stock-based compensation

( C )

1.1

0.2 %

0.9

0.1 %

2.2

0.1 %

1.7

0.1 %

Amortization of acquisition-related inventory step-up

( D )

—

—%

0.5

0.1 %

—

—%

0.6

0.1 %

Acquisition / divestiture items

( E )

—

—%

—

—%

2.0

0.1 %

—

—%

Non-GAAP gross margin:

$   448.3

57.1 %

$   365.0

55.3 %

$     870.5

57.0 %

$     709.7

55.9 %

OPERATING EXPENSES:

GAAP operating expenses:

$   333.2

42.4 %

$   283.6

43.0 %

$     665.2

43.5 %

$     553.2

43.6 %

Restructuring charges

( A )

(2.2)

(0.3)%

(2.3)

(0.3)%

(3.8)

(0.2)%

(5.2)

(0.4)%

Amortization of purchased intangible assets

( B )

(18.7)

(2.4)%

(15.3)

(2.3)%

(36.1)

(2.4)%

(29.6)

(2.3)%

Stock-based compensation

( C )

(15.8)

(2.0)%

(14.3)

(2.2)%

(32.1)

(2.1)%

(27.2)

(2.2)%

Acquisition / divestiture items

( E )

(8.1)

(1.0)%

(4.3)

(0.7)%

(22.1)

(1.4)%

(6.4)

(0.5)%

Non-GAAP operating expenses:

$   288.4

36.7 %

$   247.4

37.5 %

$     571.1

37.4 %

$     484.8

38.2 %

OPERATING INCOME:

GAAP operating income:

$     89.5

11.4 %

$     59.0

8.9 %

$     153.7

10.1 %

$     113.7

8.9 %

Restructuring charges

( A )

2.8

0.4 %

2.8

0.4 %

4.2

0.3 %

6.2

0.5 %

Amortization of purchased intangible assets

( B )

42.6

5.4 %

35.8

5.4 %

83.1

5.5 %

69.1

5.4 %

Stock-based compensation

( C )

16.9

2.2 %

15.2

2.3 %

34.3

2.2 %

28.9

2.3 %

Amortization of acquisition-related inventory step-up

( D )

—

—%

0.5

0.1 %

—

—%

0.6

0.1 %

Acquisition / divestiture items

( E )

8.1

1.0 %

4.3

0.7 %

24.1

1.5 %

6.4

0.5 %

Non-GAAP operating income:

$   159.9

20.4 %

$   117.6

17.8 %

$     299.4

19.6 %

$     224.9

17.7 %

NON-OPERATING INCOME (EXPENSE), NET:

GAAP non-operating income (expense), net:

$   (10.3)

$       5.0

$       (7.8)

$       14.0

Acquisition / divestiture items

( E )

0.7

(0.8)

(2.1)

(8.9)

Debt issuance costs

( F )

6.7

—

6.7

—

Non-GAAP non-operating income (expense), net:

$     (2.9)

$       4.2

$       (3.2)

$         5.1

GAAP and

GAAP and

GAAP and

GAAP and

Non-GAAP

Non-GAAP

Non-GAAP

Non-GAAP

Tax Rate %

( I )

Tax Rate %

( I )

Tax Rate %

( I )

Tax Rate %

( I )

INCOME TAX PROVISION:

GAAP income tax provision:

$     15.1

19 %

$     16.7

26 %

$       23.1

16 %

$       30.6

24 %

Non-GAAP items tax effected

( G )

14.8

15.0

23.5

24.8

Difference in GAAP and Non-GAAP tax rate

( H )

(0.1)

(3.7)

9.7

(2.5)

Non-GAAP income tax provision:

$     29.8

19 %

$     28.0

23 %

$       56.3

19 %

$       52.9

23 %

NET INCOME:

GAAP net income attributable to Trimble Inc.:

$     64.1

$     47.3

$     122.6

$       97.1

Restructuring charges

( A )

2.8

2.8

4.2

6.2

Amortization of purchased intangible assets

( B )

42.6

35.8

83.1

69.1

Stock-based compensation

( C )

16.9

15.2

34.3

28.9

Amortization of acquisition-related inventory step-up

( D )

—

0.5

—

0.6

Acquisition / divestiture items

( E )

8.8

3.5

22.0

(2.5)

Debt issuance costs

( F )

6.7

—

6.7

—

Non-GAAP tax adjustments

( G ) + ( H )

(14.7)

(11.3)

(33.2)

(22.3)

Non-GAAP net income attributable to Trimble Inc.:

$   127.2

$     93.8

$     239.7

$     177.1

DILUTED NET INCOME PER SHARE:

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

$     0.25

$     0.18

$       0.49

$       0.38

Restructuring charges

( A )

0.01

0.01

0.02

0.03

Amortization of purchased intangible assets

( B )

0.17

0.14

0.33

0.27

Stock-based compensation

( C )

0.07

0.06

0.13

0.11

Amortization of acquisition-related inventory step-up

( D )

—

—

—

—

Acquisition / divestiture items

( E )

0.03

0.01

0.09

(0.01)

Debt issuance costs

( F )

0.03

—

0.02

—

Non-GAAP tax adjustments

( G ) + ( H )

(0.06)

(0.04)

(0.13)

(0.09)

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

$     0.50

$     0.36

$       0.95

$       0.69

*  Prior-period information has been restated for the adoption of ASC 606, Revenue from Contracts with Customers.