Equity Profile

PCOR

Procore Technologies, Inc.

Information TechnologyApplication Software$9.4B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Procore Technologies, Inc. is a software company that provides project management solutions for the construction industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$0.45

Revenue

Revenue growth is critical for assessing the company's market performance and demand for its services.

$384M

Wall Street expectations, options signals, track record, and call prep available with Pro.

PCOR Q2-2026 Earnings Preview

Context

Company Snapshot

Procore Technologies, Inc. is a software company that provides project management solutions for the construction industry. As part of the Information Technology sector, Procore's tools help streamline construction processes, making it easier for companies to manage projects and collaborate effectively.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1185.68%

Avg Stock Reaction

-2.88%

Last Quarter Recap

In Q1 2026, Procore reported an EPS of $0.34, significantly beating expectations by over 750%. However, the stock fell by nearly 12% the following day, indicating potential investor concerns despite the strong earnings.

Management Promises & Guidance

Continued focus on expanding customer base.
Investment in product development to enhance service offerings.
Commitment to improving operational efficiencies.

Expectations

Wall Street Expectations

Analysts are generally optimistic about Procore's upcoming earnings, expecting continued growth in EPS and revenue. However, the stock's recent performance suggests that even good results may not lead to positive market reactions.

Bull Case

If Procore exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its software, leading to a positive market response.

Bear Case

Conversely, if the company fails to meet expectations or provides cautious guidance, it could raise concerns about its growth trajectory, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.45

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$384M

Revenue growth is critical for assessing the company's market performance and demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Procore's EPS exceed the consensus estimate of $0.45?

A strong EPS result could reaffirm investor confidence and suggest ongoing profitability.

What guidance will Procore provide for future revenue growth?

Guidance on revenue growth is crucial for assessing the company's outlook and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Procore's ability to leverage its recent product enhancements, which could drive higher-than-expected revenue growth.

Supporting Evidence

The company has consistently beaten EPS estimates in the past, indicating potential for continued strong performance.

Options pricing suggests a significant move, which may reflect investor uncertainty rather than a clear bearish outlook.

Key Risk

If Procore's revenue growth exceeds $400M, it could challenge the current market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on whether Procore can maintain its growth momentum amidst market challenges.

Bull Confirmed If

An EPS of $0.50 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.40 would raise concerns about the company's growth and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±12.93%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant potential move for Procore's stock, indicating heightened volatility expectations surrounding the earnings report.

Options are pricing ±12.9% while PCOR has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

59.0%

Calls (16K)P/C Ratio: 0.14Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations, history suggests the stock could see a modest increase, confirming strong demand for its services.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may remain volatile without a clear direction.

Miss

A miss could lead to a significant drop in stock price, as seen in previous quarters when expectations were not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition rates and retention metrics.
2Details on new product features and their expected impact on sales.
3Any commentary on market trends affecting the construction industry.
4Insights into operational efficiencies and cost management strategies.
5Guidance on future revenue expectations and market conditions.

See the full picture

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Company Snapshot

Procore Technologies, Inc. is a software company that provides project management solutions for the construction industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$0.45

Revenue

Revenue growth is critical for assessing the company's market performance and demand for its services.

$384M

Wall Street expectations, options signals, track record, and call prep available with Pro.

PCOR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1185.68%

Avg Stock Reaction

-2.88%

Last Quarter Recap

Management Promises & Guidance

Continued focus on expanding customer base.
Investment in product development to enhance service offerings.
Commitment to improving operational efficiencies.

Expectations

Wall Street Expectations

Bull Case

If Procore exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its software, leading to a positive market response.

Bear Case

Conversely, if the company fails to meet expectations or provides cautious guidance, it could raise concerns about its growth trajectory, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.45

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$384M

Revenue growth is critical for assessing the company's market performance and demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Procore's EPS exceed the consensus estimate of $0.45?

A strong EPS result could reaffirm investor confidence and suggest ongoing profitability.

What guidance will Procore provide for future revenue growth?

Guidance on revenue growth is crucial for assessing the company's outlook and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Procore's ability to leverage its recent product enhancements, which could drive higher-than-expected revenue growth.

Supporting Evidence

The company has consistently beaten EPS estimates in the past, indicating potential for continued strong performance.

Options pricing suggests a significant move, which may reflect investor uncertainty rather than a clear bearish outlook.

Key Risk

If Procore's revenue growth exceeds $400M, it could challenge the current market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on whether Procore can maintain its growth momentum amidst market challenges.

Bull Confirmed If

An EPS of $0.50 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.40 would raise concerns about the company's growth and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±12.93%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant potential move for Procore's stock, indicating heightened volatility expectations surrounding the earnings report.

Options are pricing ±12.9% while PCOR has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

59.0%

Calls (16K)P/C Ratio: 0.14Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations, history suggests the stock could see a modest increase, confirming strong demand for its services.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may remain volatile without a clear direction.

Miss

A miss could lead to a significant drop in stock price, as seen in previous quarters when expectations were not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition rates and retention metrics.
2Details on new product features and their expected impact on sales.
3Any commentary on market trends affecting the construction industry.
4Insights into operational efficiencies and cost management strategies.
5Guidance on future revenue expectations and market conditions.