Trimble Inc J.P. Morgan TMC Conference Takeaways

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Trimble Inc J.P. Morgan TMC Conference Takeaways

J P M O R G A N North America Equity Research

18 May 2026

Trimble Inc Overweight

TRMB, TRMB US

J.P. Morgan TMC Conference Takeaways Price (15 May 26):$55.13

Today, we hosted a fireside chat with TRMB’s CEO, Rob Painter, and SVP of

AECO, Mark Schwartz, at J.P. Morgan’s Technology, Media and Communications

Conference in Boston, MA. Below are our key takeaways. Machinery, Engineering &

Construction

AC• On the SketchUp cloud partnership and AI guardrails, TRMB described Tami Zakaria, CFA

a workflow where a user with a Trimble ID creates a SketchUp 3D model (1-212) 622-9888

through natural language prompting in Claude, downloads it, and imports it tami.zakaria@jpmchase.com

into SketchUp, which TRMB positioned as the authoring tool required to make Raquel Betesh

the model usable. They framed this as an entry path to reach new professional (1-212) 622-1313

grade users and expand the addressable market, since completing work raquel.betesh@jpmchase.com

requires collaboration with stakeholders plus professional analysis such as Alec R McGuire

daylight analysis, energy modeling, structural detailing, and rendering. On (1-212) 622-2432

alec.mcguire@jpmorgan.com

ownership and access, management stated that the model is the customer’s J.P. Morgan Securities LLC

model, Anthropic can see the natural language prompts within Claude, and

TRMB understands the context of what users are doing once models come into

its authoring environment. They added that Claude interacts with TRMB MCP

servers to create a proprietary file format that only works in SketchUp and

within TRMB systems, and they described maintaining moats and barriers as

they explore new routes to market. Monetization was described as trending