Equity Profile

PCOR

PROCORE TECHNOLOGIES

Information TechnologyApplication Software$7.3B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Procore Technologies, Inc. (PCOR) is a software company that provides a cloud-based platform for construction management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of profitability, and investors will be keen to see if Procore continues its trend of beating expectations.

N/A

Revenue Growth

Revenue growth will indicate how well Procore is expanding its market share and whether its services are in demand.

N/A

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

PCOR Q2-2026 Earnings Preview

Context

Company Snapshot

Procore Technologies, Inc. (PCOR) is a software company that provides a cloud-based platform for construction management. It helps construction professionals manage projects, resources, and financials, making it a key player in the growing digitization of the construction industry.

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 753.85%. However, the stock fell by 11.93% the following day, indicating market skepticism despite the strong earnings.

Management Promises & Guidance

Focus on expanding customer base and market penetration.
Commitment to enhancing product features and user experience.
Plans to improve operational efficiency and cost management.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Procore has consistently beaten EPS estimates but has seen stock declines post-earnings. Investors are looking for signs of sustainable growth and customer retention.

Bull Case

If Procore continues to show strong EPS growth and revenue increases, it could signal a robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet growth expectations or shows signs of customer churn, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarter?

Given Procore's history of beating EPS estimates, investors will closely watch this metric to gauge ongoing profitability.

What is the current customer retention rate, and how has it changed from previous quarters?

Customer retention is critical for Procore's long-term success, and any decline could raise concerns about future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Procore's ability to maintain high customer retention rates and expand its market share despite competitive pressures.

Supporting Evidence

Procore has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent insider selling may not reflect a lack of confidence but rather strategic financial planning.

Key Risk

If customer retention rates show significant improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Procore can maintain its growth trajectory and customer loyalty amidst increasing competition.

Bull Confirmed If

An EPS of $0.40 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $0.30 would signal potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±12.93%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$3.3M

67,660 sh

2 insiders

Net

$3.3M

Net selling

Most Active Insiders· 7 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around a 1.20% increase on the first day.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement or slight declines.

Miss

If Procore misses expectations, history suggests a potential decline of around 3.87% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer retention rates and how they compare to previous quarters.
2Details on revenue growth and any new customer acquisition strategies.
3Management's commentary on market conditions and competitive landscape.
4Insights into product enhancements and customer feedback.
5Any guidance on future earnings expectations or operational efficiencies.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Procore Technologies, Inc. (PCOR) is a software company that provides a cloud-based platform for construction management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of profitability, and investors will be keen to see if Procore continues its trend of beating expectations.

N/A

Revenue Growth

Revenue growth will indicate how well Procore is expanding its market share and whether its services are in demand.

N/A

1 more metrics, 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

Focus on expanding customer base and market penetration.
Commitment to enhancing product features and user experience.
Plans to improve operational efficiency and cost management.

Expectations

Wall Street Expectations

Bull Case

If Procore continues to show strong EPS growth and revenue increases, it could signal a robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet growth expectations or shows signs of customer churn, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarter?

Given Procore's history of beating EPS estimates, investors will closely watch this metric to gauge ongoing profitability.

What is the current customer retention rate, and how has it changed from previous quarters?

Customer retention is critical for Procore's long-term success, and any decline could raise concerns about future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Procore's ability to maintain high customer retention rates and expand its market share despite competitive pressures.

Supporting Evidence

Procore has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent insider selling may not reflect a lack of confidence but rather strategic financial planning.

Key Risk

If customer retention rates show significant improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Procore can maintain its growth trajectory and customer loyalty amidst increasing competition.

Bull Confirmed If

An EPS of $0.40 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $0.30 would signal potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±12.93%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$3.3M

67,660 sh

2 insiders

Net

$3.3M

Net selling

Most Active Insiders· 7 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around a 1.20% increase on the first day.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement or slight declines.

Miss

If Procore misses expectations, history suggests a potential decline of around 3.87% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer retention rates and how they compare to previous quarters.
2Details on revenue growth and any new customer acquisition strategies.
3Management's commentary on market conditions and competitive landscape.
4Insights into product enhancements and customer feedback.
5Any guidance on future earnings expectations or operational efficiencies.