GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

First Quarter of

2017

* As Adjusted

Dollar

% of

Dollar

% of

Amount

Revenue

Amount

Revenue

GROSS MARGIN:

GAAP gross margin:

$   396.2

53.4 %

$   324.3

53.1 %

Restructuring charges

( A )

(0.2)

—%

0.5

0.1 %

Amortization of purchased intangible assets

( B )

23.1

3.1 %

19.0

3.1 %

Stock-based compensation

( C )

1.1

0.1 %

0.8

0.2 %

Amortization of acquisition-related inventory step-up

( D )

—

—%

0.1

—%

Acquisition / divestiture items

( E )

2.0

0.3 %

—

—%

Non-GAAP gross margin:

$   422.2

56.9 %

$   344.7

56.5 %

OPERATING EXPENSES:

GAAP operating expenses:

$   332.0

44.8 %

$   269.6

44.1 %

Restructuring charges

( A )

(1.6)

(0.2)%

(2.9)

(0.5)%

Amortization of purchased intangible assets

( B )

(17.4)

(2.3)%

(14.3)

(2.3)%

Stock-based compensation

( C )

(16.3)

(2.3)%

(12.9)

(2.1)%

Acquisition / divestiture items

( E )

(14.0)

(1.9)%

(2.1)

(0.3)%

Non-GAAP operating expenses:

$   282.7

38.1 %

$   237.4

38.9 %

OPERATING INCOME:

GAAP operating income:

$     64.2

8.6 %

$     54.7

9.0 %

Restructuring charges

( A )

1.4

0.2 %

3.4

0.6 %

Amortization of purchased intangible assets

( B )

40.5

5.4 %

33.3

5.4 %

Stock-based compensation

( C )

17.4

2.4 %

13.7

2.3 %

Amortization of acquisition-related inventory step-up

( D )

—

—%

0.1

—%

Acquisition / divestiture items

( E )

16.0

2.2 %

2.1

0.3 %

Non-GAAP operating income:

$   139.5

18.8 %

$   107.3

NON-OPERATING INCOME (EXPENSE), NET:

GAAP non-operating income, net:

$       2.5

$       9.0

Acquisition / divestiture items

( E )

(2.8)

(8.1)

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

$     (0.3)

$       0.9

GAAP and

GAAP and

Non-GAAP

Non-GAAP

Tax Rate %

( H )

Tax Rate %

( H )

INCOME TAX PROVISION:

GAAP income tax provision:

$       8.0

12 %

$     13.9

22 %

Non-GAAP items tax effected

( F )

8.7

9.8

Difference in GAAP and Non-GAAP tax rate

( G )

9.8

1.2

Non-GAAP income tax provision:

$     26.5

19 %

23 %

NET INCOME:

GAAP net income attributable to Trimble Inc.:

$     58.5

$     49.8

Restructuring charges

( A )

1.4

3.4

Amortization of purchased intangible assets

( B )

40.5

33.3

Stock-based compensation

( C )

17.4

13.7

Amortization of acquisition-related inventory step-up

( D )

—

0.1

Acquisition / divestiture items

( E )

13.2

(6.0)

Non-GAAP tax adjustments

( F ) + ( G )

(18.5)

(11.0)

Non-GAAP net income attributable to Trimble Inc.:

$   112.5

$     83.3

DILUTED NET INCOME PER SHARE:

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

$     0.23

$     0.19

Restructuring charges

( A )

—

0.01

Amortization of purchased intangible assets

( B )

0.16

0.13

Stock-based compensation

( C )

0.07

0.05

Amortization of acquisition-related inventory step-up

( D )

—

—

Acquisition / divestiture items

( E )

0.05

(0.02)

Non-GAAP tax adjustments

( F ) + ( G )

(0.07)

(0.03)

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

$     0.44

$     0.33

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