Equity Profile

PCOR

PROCORE TECHNOLOGIES

Information TechnologyApplication Software$7.3B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Procore Technologies (PCOR) is a software company focused on providing project management solutions for the construction industry. As part of the Information Technology sector, it plays a crucial role in digitizing construction processes, which is increasingly important as the industry seeks efficiency and innovation.

Key Metrics to Watch

Revenue Growth

Revenue growth is a key indicator of demand for Procore's software solutions and overall business health.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a critical measure for investors assessing financial performance.

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

In Q1-2026, Procore reported an impressive EPS of $0.34, significantly beating expectations. Despite this strong performance, the stock fell by nearly 12% the following day, indicating market skepticism.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Procore's upcoming earnings, especially given its recent strong EPS surprises. However, the market is also wary of potential volatility following earnings announcements.

Bull Case

If Procore continues its trend of beating EPS estimates, it could signal strong operational performance and growth potential, leading to a positive market reaction.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, as seen in past reactions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given Procore's history of EPS surprises, the market will closely watch this metric to gauge ongoing profitability.

What is the customer retention rate for this quarter?

High retention rates are crucial for Procore's growth and stability, and any decline could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Procore's ability to sustain high EPS growth due to its strong customer base and market position.

Supporting Evidence

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

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

Insider selling may reflect confidence in the company's long-term prospects despite short-term volatility.

Key Risk

If customer retention rates show improvement, it could significantly alter market perceptions and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether Procore can maintain its growth trajectory in a competitive market.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.20 would indicate potential issues and confirm the bear case.

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)

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, history suggests a potential stock increase of around 1.2%, confirming strong business momentum.

In-Line / Cautious

If results are in line with expectations, the stock may see limited movement as investors await further commentary from management.

Miss

A miss could lead to a decline of about 2.88%, reflecting market disappointment and concerns over future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention strategies.
2Details on revenue growth from new product offerings.
3Management's commentary on market conditions and competitive landscape.
4Insights into operational efficiencies and cost management.
5Future guidance and expectations for the upcoming quarters.

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Company Snapshot

Key Metrics to Watch

Revenue Growth

Revenue growth is a key indicator of demand for Procore's software solutions and overall business health.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a critical measure for investors assessing financial performance.

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

Expectations

Wall Street Expectations

Bull Case

If Procore continues its trend of beating EPS estimates, it could signal strong operational performance and growth potential, leading to a positive market reaction.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, as seen in past reactions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given Procore's history of EPS surprises, the market will closely watch this metric to gauge ongoing profitability.

What is the customer retention rate for this quarter?

High retention rates are crucial for Procore's growth and stability, and any decline could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Procore's ability to sustain high EPS growth due to its strong customer base and market position.

Supporting Evidence

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

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

Insider selling may reflect confidence in the company's long-term prospects despite short-term volatility.

Key Risk

If customer retention rates show improvement, it could significantly alter market perceptions and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether Procore can maintain its growth trajectory in a competitive market.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.20 would indicate potential issues and confirm the bear case.

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)

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, history suggests a potential stock increase of around 1.2%, confirming strong business momentum.

In-Line / Cautious

If results are in line with expectations, the stock may see limited movement as investors await further commentary from management.

Miss

A miss could lead to a decline of about 2.88%, reflecting market disappointment and concerns over future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention strategies.
2Details on revenue growth from new product offerings.
3Management's commentary on market conditions and competitive landscape.
4Insights into operational efficiencies and cost management.
5Future guidance and expectations for the upcoming quarters.