Equity Profile

PCOR

Procore Technologies, Inc.

Information TechnologyApplication Software$6.6B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Procore Technologies, Inc. is a software company that provides a platform for construction project management....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth is crucial for understanding how well Procore is expanding its customer base and market share in the competitive software industry.

N/A

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 a platform for construction project management. Operating in the Information Technology sector, Procore's tools help construction professionals manage their projects more efficiently, which is increasingly important as the industry embraces digital transformation.

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 estimates by 753.85%. However, the stock dropped 11.93% the following day, indicating mixed investor sentiment despite the strong earnings surprise.

Management Promises & Guidance

Focus on expanding customer adoption of the platform.
Commitment to improving product features and user experience.
Plans to enhance marketing efforts to reach new clients.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially given Procore's history of beating EPS estimates. However, the stock's recent performance suggests that even good news may not be enough to drive the price higher.

Bull Case

If Procore continues its trend of strong earnings surprises and shows significant revenue growth, it could attract more investors and drive the stock price up.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to further declines in the stock price, especially given the recent volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth rate for the upcoming quarter?

This will indicate how well Procore is expanding its business and could significantly impact investor sentiment.

Will management provide any guidance on customer adoption rates?

Insights into customer adoption can signal the effectiveness of Procore's marketing strategies and product enhancements.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Procore's ability to leverage its recent product enhancements to drive customer growth, leading to stronger-than-expected revenue.

Supporting Evidence

Procore's recent focus on improving user experience could attract new clients.

The options market is pricing in a larger move than historical averages suggest, indicating potential for a surprise.

Procore's consistent EPS beats indicate underlying strength that may not be fully captured in current estimates.

Key Risk

If revenue growth exceeds 20%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around Procore's ability to sustain growth in a competitive software market.

Bull Confirmed If

A revenue growth rate of over 20% would confirm the bull case and suggest strong market demand.

Bear Confirmed If

If revenue growth is below 10%, it would raise concerns about Procore's competitive position.

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 traders 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)

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 and operational efficiency.

In-Line / Cautious

If results are in line but management is cautious, the stock may remain volatile as investors reassess growth prospects.

Miss

A miss could lead to a significant decline, with history suggesting an average drop of around 2.88% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer adoption rates and how they compare to last quarter.
2Insights into new product features and their expected impact on sales.
3Management's commentary on competitive pressures in the software market.
4Guidance on future revenue growth and market expansion strategies.
5Any changes in operational costs and their impact on profitability.

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Company Snapshot

Procore Technologies, Inc. is a software company that provides a platform for construction project management....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth is crucial for understanding how well Procore is expanding its customer base and market share in the competitive software industry.

N/A

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 adoption of the platform.
Commitment to improving product features and user experience.
Plans to enhance marketing efforts to reach new clients.

Expectations

Wall Street Expectations

Bull Case

If Procore continues its trend of strong earnings surprises and shows significant revenue growth, it could attract more investors and drive the stock price up.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to further declines in the stock price, especially given the recent volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth rate for the upcoming quarter?

This will indicate how well Procore is expanding its business and could significantly impact investor sentiment.

Will management provide any guidance on customer adoption rates?

Insights into customer adoption can signal the effectiveness of Procore's marketing strategies and product enhancements.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Procore's ability to leverage its recent product enhancements to drive customer growth, leading to stronger-than-expected revenue.

Supporting Evidence

Procore's recent focus on improving user experience could attract new clients.

The options market is pricing in a larger move than historical averages suggest, indicating potential for a surprise.

Procore's consistent EPS beats indicate underlying strength that may not be fully captured in current estimates.

Key Risk

If revenue growth exceeds 20%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around Procore's ability to sustain growth in a competitive software market.

Bull Confirmed If

A revenue growth rate of over 20% would confirm the bull case and suggest strong market demand.

Bear Confirmed If

If revenue growth is below 10%, it would raise concerns about Procore's competitive position.

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 traders 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)

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 and operational efficiency.

In-Line / Cautious

If results are in line but management is cautious, the stock may remain volatile as investors reassess growth prospects.

Miss

A miss could lead to a significant decline, with history suggesting an average drop of around 2.88% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer adoption rates and how they compare to last quarter.
2Insights into new product features and their expected impact on sales.
3Management's commentary on competitive pressures in the software market.
4Guidance on future revenue growth and market expansion strategies.
5Any changes in operational costs and their impact on profitability.