US · Technology · Software - Application
EPS came in at 0.18 against a street estimate of 0.02 — a beat of 800.0%.
Analysts rate Procore Technologies Inc a buy (15 buy, 7 hold, 0 sell out of 22) with an average price target of $68.38.
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% |
| AllianceBernstein L.P. | 6.42% |
| Morgan Stanley - Brokerage Accounts | 5.98% |
| BlackRock Inc | 4.96% |
| Vanguard Portfolio Management, LLC | 4.48% |
| T. Rowe Price Associates, Inc. | 3.68% |
| Vanguard Capital Management, LLC | 3.54% |
| AQR Capital Management LLC | 3.47% |
| Document | Date |
|---|---|
| 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 |
| Quarterly report · Q1 2026 PROCORE TECHNOLOGIES, INC. – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Revenue Q1 2026: $359.3 million (up 15.7% YoY from $310.6 million in Q1 2025) • | 2026-05-06 |
| Proxy statement · Q2 2026 PROCORE TECHNOLOGIES PROXY STATEMENT SUMMARY EXECUTIVE PAY • CEO Ajei Gopal's 2025 Total Compensation: Not disclosed in Summary Compensation Table y | 2026-04-24 |
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.
Google PlayApp StoreData updated 2026-09-18.