US · Technology · Software - Application
EPS came in at 0.18 against a street estimate of 0.14 — a beat of 28.6%.
Analysts rate Procore Technologies Inc a buy (19 buy, 6 hold, 0 sell out of 25) with an average price target of $69.86.
CONFIDENT Procore beat Q2 revenue guidance, delivered first GAAP profitability, and raised FY26 guidance. Acquired DroneDeploy for $845M to accelerate AI strategy. Core business growing 15.8% YoY despite weak construction end-market. Q2 FY26 EMEA accelerating with new CDE product for Europe and large AI data center deal. Middle East showing traction (KSIA). International still ~15% of total revenue; management building go-to-market with new CRO Walt. Analysts probed acquisition rationale (complementarity, customer overlap), AI adoption rates (platform-embedded adoption favored), sales enablement (starter packs + limited GA strategy), and margin paths (cost discipline, not revenue dependent). Management emphasized strategic coherence over acquisition-for-growth and long-term TAM expansion via labor shortage substitution. 2026-07-30…
Full summary in the app.
| Fund | Stake |
|---|---|
| ICONIQ Capital, LLC | 9.62% |
| Morgan Stanley - Brokerage Accounts | 7.51% |
| Assenagon Asset Management SA | 5.79% |
| BlackRock Inc | 4.87% |
| Vanguard Portfolio Management, LLC | 4.59% |
| T. Rowe Price Associates, Inc. | 4.36% |
| Vanguard Capital Management, LLC | 3.55% |
| UBS Group AG | 3.42% |
| Document | Date |
|---|---|
| Quarterly report · Q3 2026 HEADLINE NUMBERS • Procore reported third-quarter 2026 revenue of $402,313,000, up from $338,851,000 in the third quarter of 2025. • Nine-month reve | 2026-11-05 |
| Results announced · Q4 2026 HEADLINE NUMBERS • Q3 2026 revenue was $402 million, up 19% year-over-year. The company said 2 percentage points of growth came from DroneDeploy. • | 2026-11-03 |
| Company announcement · Q3 2026 PROCORE TECHNOLOGIES, INC. - 8-K FILING SUMMARY HEADLINE NUMBERS • Acquisition Price: $845.0 million in cash for DroneDeploy, Inc. • Acquisition Com | 2026-09-09 |
| Material agreement · Q3 2026 PROCORE TECHNOLOGIES, INC. — 8-K SUMMARY HEADLINE NUMBERS • Company completed private offering of $950,000,000 aggregate principal amount of 0.00% C | 2026-08-06 |
| Quarterly report · Q2 2026 PROCORE TECHNOLOGIES, INC. – Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Q2 2026 Revenue: $375.2 million (vs. $323.9 million Q2 2025; +15.8% YoY) • Six- | 2026-07-31 |
| Material agreement · Q3 2026 PROCORE TECHNOLOGIES, INC. – 8-K SUMMARY HEADLINE NUMBERS • Acquisition price: $845.0 million in cash for DroneDeploy, Inc. • Debt financing committ | 2026-07-29 |
| Results announced · Q3 2026 PROCORE TECHNOLOGIES Q2 2026 FINANCIAL SUMMARY HEADLINE NUMBERS • Q2 2026 revenue: $375 million, up 16% year-over-year • GAAP operating margin: 1% ( | 2026-07-29 |
| Board / officer change · Q2 2026 PROCORE TECHNOLOGIES, INC. - 8-K SUMMARY OTHER NOTABLE POINTS • Board Composition Change: Erin Chapple resigned as a member of the Board of Director | 2026-07-02 |
Readable in the app.
| Announcement | Date |
|---|---|
| Agreement and Plan of Merger with DroneDeploy entered into Procore Technologies completed its acquisition of DroneDeploy on September 9, 2026, for approximately $845 million in cash. The deal was previously announced on July 27, 2026, and this 8-K f | 2026-09-09 |
| Merger transaction announced with forward-looking statements and bridge financing Procore Technologies announced it is acquiring DroneDeploy through a merger agreement dated July 27, 2026. Goldman Sachs committed to providing bridge financing to help fund the transaction. | 2026-07-29 |
Technicals, trade setups with a published hit rate, AI analysis and earnings-call summaries for Procore Technologies Inc — free to start.
Open in the appGoogle PlayApp StoreData updated 2026-11-07.