Procore Technologies (NYSE:PCOR) Announces Earnings Results, Beats Estimates By $0.06 EPS

Posted by Stanley Muller on Jul 29th, 2026

Procore Technologies (NYSE:PCOR – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06, FiscalAI reports. Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The firm had revenue of $375.21 million for the quarter, compared to the consensus estimate of $365.82 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Procore Technologies Trading Up 2.7%

Procore Technologies stock traded up $1.31 during trading hours on Wednesday, hitting $50.15. The company had a trading volume of 4,173,135 shares, compared to its average volume of 2,605,377. Procore Technologies has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $44.49 and its 200-day moving average is $52.19.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Guggenheim initiated coverage on shares of Procore Technologies in a report on Thursday, July 23rd. They issued a “buy” rating and a $68.00 target price for the company. Wall Street Zen downgraded shares of Procore Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Procore Technologies in a research note on Tuesday, July 21st. Barclays lowered their price objective on shares of Procore Technologies from $65.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Finally, Jefferies Financial Group cut their target price on shares of Procore Technologies from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.59.

Get Our Latest Report on Procore Technologies

Insider Transactions at Procore Technologies

In other news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $43.90, for a total transaction of $2,463,755.80. Following the transaction, the chairman owned 919,704 shares in the company, valued at $40,375,005.60. This represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,942 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $50.00, for a total transaction of $197,100.00. Following the transaction, the insider directly owned 96,723 shares in the company, valued at $4,836,150. The trade was a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 189,621 shares of company stock valued at $8,791,847 in the last three months. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PCOR. Brighton Jones LLC bought a new stake in Procore Technologies during the fourth quarter worth approximately $511,000. Goldman Sachs Group Inc. raised its position in shares of Procore Technologies by 5.2% in the first quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company’s stock valued at $48,392,000 after purchasing an additional 36,426 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Procore Technologies by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 350,746 shares of the company’s stock worth $23,156,000 after buying an additional 52,507 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Procore Technologies by 56.8% during the 2nd quarter. Prudential Financial Inc. now owns 6,850 shares of the company’s stock worth $471,000 after buying an additional 2,480 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Procore Technologies by 3.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,312 shares of the company’s stock worth $500,000 after buying an additional 269 shares during the period. 81.10% of the stock is owned by institutional investors.

Trending Headlines about Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

Positive Sentiment: Q2 results exceeded expectations. Revenue rose 15.8% year over year to $375.2 million, ahead of consensus estimates, while adjusted EPS of $0.47 surpassed the $0.41 forecast. Gross profit increased 17.0% to $299.8 million. MarketBeat earnings report
Positive Sentiment: Cash flow was a major bright spot. Operating cash flow increased 185% to $87.9 million, and cash and equivalents reached $494.4 million, providing financial flexibility for investment and acquisitions. Q2 2026 earnings and cash flow report
Positive Sentiment: DroneDeploy acquisition expands Procore’s construction technology platform. Procore agreed to acquire the visual intelligence and robotics company for approximately $845 million in cash, potentially strengthening its jobsite data and AI capabilities across more than 3 million jobsites. DroneDeploy acquisition announcement
Neutral Sentiment: Third-quarter guidance was broadly in line. Procore forecast revenue of $382 million to $384 million versus the $382.6 million consensus estimate, offering limited near-term surprise but maintaining expectations for continued growth.
Negative Sentiment: Profitability trends were mixed. Although the company remained profitable on an operating basis, operating income and GAAP net income declined from the prior year, while Procore continued to report a negative net margin and return on equity.
Negative Sentiment: Insider selling and AI disruption concerns remain risks. Company insiders reported 35 open-market sales and no purchases over the past six months. Earlier commentary also raised concerns that new AI packages and competitive disruption could pressure growth or cause the stock to trade at a discount.

About Procore Technologies

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Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.