GET DAILY SIGNALSProcore Technologies (PCOR) Posts Strong Q3 Results With 19% Revenue Growth
Key Takeaways
- Revenue reached $402.3 million, up 19% year over year, above the $382–$384 million guidance range and the roughly $384 million consensus estimate.
- Non-GAAP (adjusted) operating margin climbed to 23%, up from 17% a year earlier, while the GAAP (Generally Accepted Accounting Principles) net loss narrowed to $0.03 per share.
- Non-GAAP diluted earnings per share (EPS) rose to $0.51, compared with $0.42 in the prior-year quarter.
- Full-year 2026 revenue guidance was raised to $1.557–$1.559 billion, with fourth-quarter revenue guided to $420–$422 million.
- The board authorized a new $300 million share repurchase program and reaffirmed a 25% non-GAAP operating margin target for 2027.
- For more detail on Procore's latest developments, visit the Major News, Today's Price Move, Price Targets, and Forecast pages.
- Looking for automated market insights? Explore Tickeron's Trending AI Robots.
Why This Report Matters
Procore Technologies is a leading provider of cloud-based construction management software, and its quarterly results serve as a useful barometer for both software spending and broader construction activity. This third-quarter report matters because PCOR has been growing well above a softening U.S. non-residential and multifamily construction market while steadily expanding profitability. The quarter also arrives after a pivotal second quarter, when the company posted its first GAAP operating profit and announced the roughly $845 million acquisition of DroneDeploy. I’m watching this closely to see whether AI-driven product adoption and international expansion can offset domestic cyclical weakness and keep the company on track toward its stated 25% non-GAAP operating margin target.
Breaking Down the Reported Results
PCOR reported revenue of $402.3 million for the third quarter ended September 30, 2026, an increase of 19% from $338.9 million a year earlier. The result exceeded both the company's guidance range of $382–$384 million and the consensus estimate of roughly $384 million. Management noted that the DroneDeploy acquisition contributed approximately two percentage points to revenue growth.
On the profitability front, non-GAAP operating income reached about $94.4 million, translating to a 23% non-GAAP operating margin — up sharply from 17% in the prior-year period. Non-GAAP diluted EPS came in at $0.51, up from $0.42 a year ago. Under GAAP, the net loss narrowed to $4.6 million, or $0.03 per share, versus a loss of $9.1 million, or $0.06 per share, in the year-ago quarter. Free cash flow was approximately $73 million, and the gross revenue retention rate held at 95%. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Looking ahead, Procore guided fourth-quarter revenue to $420–$422 million and raised its full-year 2026 revenue outlook to $1.557–$1.559 billion. The company also authorized a new $300 million share repurchase program and reaffirmed its 2027 target of a 25% non-GAAP operating margin.
Market Reaction and Investor Sentiment
Procore entered this earnings report with considerable momentum. Following its second-quarter results in late July — when the company delivered its first GAAP operating profit and raised guidance — shares climbed meaningfully through the late summer and early fall, trading near recent highs ahead of the third-quarter print.
The results reinforce the market's prevailing view that PCOR is executing well despite a challenging construction backdrop. Revenue landing above the high end of guidance, margin expansion to 23%, and a raised full-year outlook all support the bullish narrative that has driven the stock's recent strength. As always, the immediate post-earnings trading will depend heavily on the details of management's forward commentary — particularly around the U.S. construction cycle, DroneDeploy integration, and the pace of international growth.
Forward Outlook and Key Factors to Monitor
The clearest near-term signal is guidance. Procore's fourth-quarter revenue range of $420–$422 million implies continued double-digit growth, and the raised full-year outlook of $1.557–$1.559 billion suggests management sees durable demand into year-end. Investors should track whether the company can sustain this momentum as the contribution from DroneDeploy normalizes over the coming quarters.
Margins remain the central watchpoint. The jump to a 23% non-GAAP operating margin shows meaningful operating leverage, but the longer-term story hinges on reaching the 25% target set for 2027. Integration costs, AI infrastructure spending, and any hiring to support the expanded product roadmap could all influence the pace of that improvement.
Finally, keep an eye on the macro environment. U.S. non-residential and multifamily construction has been a persistent headwind, and any further deterioration — or, conversely, an eventual recovery — would flow through to Procore's growth. International expansion and the rollout of Procore AI and new digital co-worker features represent the key organic catalysts that could help the company outperform its end market regardless of the cycle.
Using AI Tools in My Research
In my own analysis of names like PCOR, I regularly turn to Tickeron’s AI Screener. This AI-powered stock and ETF discovery tool helps filter the market using technical patterns, fundamentals, trends, volatility, and AI-driven signals. It allows customizable scans across thousands of securities by industry, market cap, indicators, price patterns, and performance metrics, surfacing comparable ideas and monitoring conditions more efficiently than manual methods. For investors following Procore, it provides a structured way to identify peers and track shifting opportunities.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
PCOR sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for PCOR moved above the 200-day moving average on September 30, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 05, 2026. You may want to consider a long position or call options on PCOR as a result. In 63 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 75%.
The Moving Average Convergence Divergence (MACD) for PCOR just turned positive on October 05, 2026. Looking at past instances where PCOR's MACD turned positive, the stock continued to rise in 39 of 52 cases over the following month. The odds of a continued upward trend are 75%.
PCOR moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PCOR crossed bullishly above the 50-day moving average on October 20, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 65%.
Following a +2.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where PCOR advanced for three days, in 225 of 307 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
The Aroon Indicator entered an Uptrend today. In 160 of 237 cases where PCOR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.
Bearish Trend Analysis
The 10-day RSI Indicator for PCOR moved out of overbought territory on October 29, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In 17 of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at 74%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 53 of 70 cases where PCOR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 76%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PCOR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
PCOR broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 3 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.437) is normal, around the industry mean (-1.884). PCOR has a moderately low P/E Ratio (-240.654) as compared to the industry average of (15.540). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.072) among similar stocks. P/S Ratio (5.546) is also within normal values, averaging (70.854).
The Tickeron Price Growth Rating for this company is 43 (best 1 - 100 worst), indicating steady price growth. PCOR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 81 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 92 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PCOR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
What Happens If I Withdraw Money From My Cash-Balance Plan Before I Retire?
What are Medicare Benefits?
How to Use Price Action in Stock Sector Rotations
The 2000 Peak Forecast: Why Semiconductor Valuations, Hedge Fund Selling, and Record Call Option Volume Are Flashing a Top Signal in 2026
Top 10 AI Trading Agents Hit strong performance for Retail Traders (BP, CNQ, EQNR, WMB, VLO, MPC, OXY)
General Information
Industry PackagedSoftware
Advertisement