Analyst Consensus ?
ConsensusBuy25 ratings
Bullish1872.0%
Neutral728.0%
Bearish00.0%
Procore Technologies, Inc. · PCOR · FY2026 Q2 · Calendar Q3 2026
Procore Q2: raised outlook, with AI and acquisition execution in focus
Q2's reported growth, margin performance and higher outlook support the case that demand and product expansion can sustain growth. Evidence to watch is whether AI and DroneDeploy translate into adoption and cross-sell without undermining margin progress, particularly amid weakness in U.S. residential and multifamily construction.
Reported Before market openNYSETechnology
$11.49B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.41
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $365.9M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+7.2%
Event window
SPY move
+1.7%
Same window
Abnormal move
+5.6%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+18.4%
Up to 20 sessions
PCORSPY benchmark
Ask FN2 about PCOR FY2026 Q2
Transcript, numbers and history already loaded
What drove PCOR's +7.2% move after FY2026 Q2 earnings?What changed in PCOR's guidance and outlook in FY2026 Q2?Give me the bull and bear case for PCOR after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the Q2 discussion adds the pending DroneDeploy acquisition and describes raised FY2026 and FY2027 guidance, including a 25% non-GAAP operating-margin target for FY2027. Management also highlighted data-center construction demand, international growth and AI-powered digital coworkers.
Guidance delta
Management raised its FY2026 and FY2027 outlook; the supplied analysis specifies a 25% non-GAAP operating-margin target for FY2027. The prior-quarter analysis had described a FY2026 guidance raise.
Key takeaways
- The supplied Q2 analysis reports revenue and margin above expectations, with free cash flow higher.
- Management cited data-center construction and international expansion as growth drivers.
- AI product expansion and the pending DroneDeploy acquisition add execution and monetization tests to the growth outlook.
Management priorities
- Integrate DroneDeploy's visual intelligence and robotics into Procore's platform, and pursue cross-sell to existing customers.
- Expand AI-powered digital coworkers and starter packs.
- Grow the European CDE offering and international go-to-market.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$75.6Current
$55Low
$72.45Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Nov 4, 2026 |
| TD Cowen | Buy | Buy | Maintain | Nov 2, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Oct 16, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 12, 2026 |
| UBS | Buy | Buy | Maintain | Jul 31, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 31, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 24, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 21, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | May 7, 2026 |
| Citizens | Market Outperform | Market Perform | Upgrade | Apr 29, 2026 |
| Stifel | Buy | Buy | Maintain | Feb 13, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Feb 13, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Feb 13, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Feb 6, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 6, 2025 |
| Baird | Outperform | Outperform | Maintain | Nov 6, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Aug 1, 2025 |
| JMP Securities | Market Perform | Market Outperform | Downgrade | Aug 1, 2025 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Apr 24, 2025 |
| Macquarie | Neutral | Neutral | Maintain | Mar 13, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Mar 12, 2025 |
| Oppenheimer | Perform | Outperform | Downgrade | Nov 2, 2023 |
| Loop Capital | Hold | Hold | Maintain | Sep 21, 2023 |
| MoffettNathanson | Outperform | Outperform | Maintain | May 4, 2023 |
| Wolfe Research | Perform | Peer Perform | Maintain | Aug 17, 2022 |
Named analyst price targets
Upside is calculated against the persisted current price $75.6. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Siti Panigrahi | $68 | $75.6 | -10.1% | Nov 4, 2026 |
| UBS | Taylor McGinnis | $80 | $62.5 | +5.8% | Oct 26, 2026 |
| Cantor Fitzgerald | Mason Marion | $70 | $58.6 | -7.4% | Oct 16, 2026 |
| Barclays | Analyst unavailable | $62 | $56.21 | -18.0% | Oct 12, 2026 |
| D.A. Davidson | Clark Wright | $56 | $48.67 | -25.9% | Sep 28, 2026 |
| Cantor Fitzgerald | Mason Marion | $65 | $56.74 | -14.0% | Sep 14, 2026 |
| Barclays | Analyst unavailable | $60 | $54.77 | -20.6% | Aug 3, 2026 |
| D.A. Davidson | Analyst unavailable | $60 | $55.39 | -20.6% | Jul 31, 2026 |
| UBS | Analyst unavailable | $75 | $55.78 | -0.8% | Jul 31, 2026 |
| Robert W. Baird | Analyst unavailable | $85 | $53.79 | +12.4% | Jul 31, 2026 |
| Piper Sandler | Analyst unavailable | $68 | $53.79 | -10.1% | Jul 31, 2026 |
| BMO Capital | Daniel Jester | $56 | $41.94 | -25.9% | Jul 24, 2026 |
| Jefferies | Analyst unavailable | $75 | $46.27 | -0.8% | Jul 21, 2026 |
| Barclays | Analyst unavailable | $50 | $43.33 | -33.9% | Jul 13, 2026 |
| UBS | Taylor McGinnis | $68 | $53.06 | -10.1% | May 6, 2026 |
| Piper Sandler | Analyst unavailable | $71 | $54.69 | -6.1% | May 6, 2026 |
| D.A. Davidson | Gil Luria | $55 | $54.06 | -27.2% | Feb 13, 2026 |
| Mizuho Securities | Analyst unavailable | $55 | $47.88 | -27.2% | Feb 13, 2026 |
| BTIG | Analyst unavailable | $66 | $47.88 | -12.7% | Feb 13, 2026 |
| Canaccord Genuity | Analyst unavailable | $72 | $47.88 | -4.8% | Feb 13, 2026 |
| Barclays | Analyst unavailable | $65 | $47.88 | -14.0% | Feb 13, 2026 |
| Goldman Sachs | Kash Rangan | $75 | $51.29 | -0.8% | Feb 9, 2026 |
| KeyBanc | Analyst unavailable | $80 | $51.71 | +5.8% | Feb 6, 2026 |
| BMO Capital | Analyst unavailable | $67 | $53.13 | -11.4% | Feb 5, 2026 |
| UBS | Taylor McGinnis | $74 | $56.6 | -2.1% | Feb 3, 2026 |
| Barclays | Saket Kalia | $90 | $70.04 | +19.0% | Jan 5, 2026 |
| BTIG | Nick Altmann | $88 | $72.26 | +16.4% | Dec 16, 2025 |
| Canaccord Genuity | Analyst unavailable | $90 | $81.95 | +19.0% | Nov 6, 2025 |
| Berenberg Bank | Analyst unavailable | $84 | $71.73 | +11.1% | Oct 3, 2025 |
| D.A. Davidson | Analyst unavailable | $70 | $62.99 | -7.4% | Aug 4, 2025 |
| Robert W. Baird | Analyst unavailable | $88 | $62.99 | +16.4% | Aug 4, 2025 |
| Barclays | Saket Kalia | $82 | $72.19 | +8.5% | Jul 14, 2025 |
| Robert W. Baird | Joe Vruwink | $83 | $64.85 | +9.8% | May 2, 2025 |
| UBS | Taylor McGinnis | $105 | $81.2 | +38.9% | Dec 2, 2024 |
| Piper Sandler | Brent Bracelin | $70 | $62.65 | -7.4% | Oct 31, 2024 |
| Robert W. Baird | Joe Vruwink | $73 | $58.89 | -3.4% | Sep 23, 2024 |
| Stifel Nicolaus | Adam Borg | $63 | $52.35 | -16.7% | Aug 2, 2024 |
| BMO Capital | Daniel Jester | $71 | $50.12 | -6.1% | Aug 2, 2024 |
| KeyBanc | Jason Celino | $68 | $67.22 | -10.1% | Aug 2, 2024 |
| Stifel Nicolaus | Adam Borg | $85 | $66.46 | +12.4% | Jul 8, 2024 |
| Scotiabank | Nick Altmann | $90 | $66.63 | +19.0% | Jun 13, 2024 |
| Mizuho Securities | Siti Panigrahi | $70 | $65.37 | -7.4% | Jun 4, 2024 |
| BMO Capital | Daniel Jester | $85 | $68.24 | +12.4% | May 2, 2024 |
| Oppenheimer | Analyst unavailable | $60 | $50.84 | -20.6% | Jan 12, 2023 |
| Piper Sandler | Analyst unavailable | $60 | $44.18 | -20.6% | Jan 9, 2023 |
| Loop Capital Markets | Analyst unavailable | $70 | $49.63 | -7.4% | Dec 22, 2022 |
| Jefferies | Brent Thill | $110 | $72.96 | +45.5% | Jan 6, 2022 |
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Start freeCompany context
Snapshot as of publicationProcore Technologies, Inc. delivers a comprehensive, cloud-based platform designed for construction management, along with accompanying software solutions, serving clients both in the United States and globally. This platform empowers a diverse range of stakeholders, including property owners, general and specialty contractors, architects, and engineers, to collaborate seamlessly throughout their construction projects. The company's offerings are structured into several key modules: Preconstruction: This module facilitates streamlined collaboration among internal and external parties during the initial project phases, such as planning, budgeting, estimating, bidding, and selecting partners. Project Management: It enables real-time teamwork, secure information storage, design coordination, BIM model clash detection, and regulatory compliance for both jobsite personnel and back-office teams.…
Historical context
All PCOR earningsTechnology peers this season
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| CDW CDW Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +12.7% | CDW raises FY2026 outlook as AI infrastructure demand lifts Q3 sales |
| FIS Fidelity National Information Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -23.7% | FIS grows recurring revenue, but lowers 2026 outlook amid execution delays |
| DDOG Datadog, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -14.4% | Datadog Q3: 35% growth and broader AI adoption, with renewal timing risks |
| UBER Uber Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +4.9% | Uber reports strong Q3 bookings and cash flow, with driver supply a constraint |
| JKHY Jack Henry & Associates, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.1% | +10.8% | Jack Henry Raises FY2027 Outlook as Core and Digital Demand Strengthens |
| GFS GLOBALFOUNDRIES Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -7.3% | GlobalFoundries shifts further toward photonics and advanced packaging |
Latest beats and misses
Who reports nextBeat on EPS
- SWKFY2026 Q3 · November 4, 2026+49.0% EPS+13.1% move
- SKMFY2026 Q3 · November 4, 2026+4.0% EPS+2.5% move
- UNMAFY2026 Q3 · November 3, 2026+1.9% EPS+0.5% move
- UNMFY2026 Q3 · November 3, 2026+1.9% EPS-17.8% move
- IFFFY2026 Q3 · November 3, 2026+2.1% EPS-4.9% move
- JKHYFY2027 Q1 · November 3, 2026+10.1% EPS+10.8% move
Missed on EPS
- OCFY2026 Q3 · November 4, 2026-20.5% EPS+8.5% move
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
Get the PCOR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-11-03T22:04:59.550647+00:00
- FN2 earnings calendar · 2026-07-10T05:12:44.669054+00:00
- Polygon adjusted daily market bars · 2026-11-05T03:00:44.255093+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-05T03:00:44.252257+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-05. For educational purposes only; not investment advice.