Analyst Consensus ?
ConsensusBuy25 ratings
Bullish1872.0%
Neutral728.0%
Bearish00.0%
Procore Technologies, Inc. · PCOR · FY2026 Q3 · Calendar Q4 2026
Procore pairs faster Q3 growth with AI expansion and higher FY26 outlook
The supplied call analysis supports a constructive operating picture: revenue growth and international expansion accompanied margin performance above guidance, while management raised its FY26 outlook. The case depends on sustaining customer adoption and cross-sell while managing AI costs and acquisition integration.
Reported After market closeNYSETechnology
$11.49B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.46
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $384.0M
Revenue surprise
—
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
+19.7%
Event window
SPY move
+1.7%
Same window
Abnormal move
+18.0%
Stock minus SPY
Volume
2.9×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
PCORSPY benchmark
Ask FN2 about PCOR FY2026 Q3
Transcript, numbers and history already loaded
What drove PCOR's +19.7% move after FY2026 Q3 earnings?What changed in PCOR's guidance and outlook in FY2026 Q3?Give me the bull and bear case for PCOR after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q3 analysis reports 18.7% year-over-year revenue growth and a 23.5% non-GAAP operating margin, alongside 30% international revenue growth. Procore completed the DroneDeploy acquisition and introduced AI-oriented products; management raised its FY26 outlook. The FY27 non-GAAP operating-margin target of 25% was reaffirmed.
Guidance delta
Management raised its FY26 revenue and margin outlook, according to the supplied transcript analysis, and reaffirmed its FY27 non-GAAP operating-margin target of 25%. The analysis does not provide the revised FY26 guidance figures.
Key takeaways
- Q3 revenue growth and non-GAAP operating margin were reported above the high end of guidance.
- International revenue grew 30% year over year, with UK, Ireland and broader European expansion in focus.
- DroneDeploy’s acquisition is complete; management described cross-sell opportunities and AI-related product expansion.
- Management raised FY26 guidance and maintained the FY27 25% non-GAAP operating-margin target.
Management priorities
- Scale Procore AI Go, digital coworkers and other AI product capabilities.
- Integrate DroneDeploy visual data and pursue cross-sell opportunities across customer bases.
- Expand common-data-environment offerings in the UK, Ireland and Europe.
- Invest in product innovation while maintaining the FY27 operating-margin target.
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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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| 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
- 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
- HL-PBFY2026 Q3 · November 3, 2026+54.0% EPS— move
- SUFY2026 Q3 · November 3, 2026+20.9% EPS-4.5% 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
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Sources
- Earnings call transcript and parsed analysis · 2026-11-04T17:10:32.660773+00:00
- FN2 earnings calendar · 2026-10-14T01:23:13.658205+00:00
- Polygon adjusted daily market bars · 2026-11-05T02:20:43.530615+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-05T02:20:43.527983+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.