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SEC EDGAR 8-KJUL 292 min read$PCOR

PROCORE TECHNOLOGIES, INC. (PCOR): Results of Operations and Financial Condition

PROCORE TECHNOLOGIES, INC. (PCOR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 pcor-q226x8xkxexx991.htm EX-99.1 Document Exhibit 99.1 Procore Announces Second Quarter 2026 Financial Results CARPINTERIA, CA – July 29, 2026 – Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced fin

Original reporting
SEC EDGAR 8-K
Published Jul 29, 2026, 8:09 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jul 29, 2026, 8:15 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefEarnings
Primary signal
$PCOR
Bullish
high confidence
Mentioned
$PCOR
Relevance
7/10
alphai data visualization · based on SEC EDGAR 8-K
Decision brief

The 30-second read

$PCORBullishMed
01

Why it matters

Traders can update models using the disclosed Q2 performance (growth, margins, cash flow) and the explicit margin targets in guidance, particularly the FY27 non-GAAP operating margin of 25%.

02

Market read

A primary earnings and guidance update with quantified revenue, margin, and cash flow metrics plus FY27 profitability guidance.

03

What to watch

Guidance includes non-GAAP metrics without GAAP reconciliation on a forward basis, leaving uncertainty around future GAAP profitability and expense volatility.

Relevance 7/10Novelty 8/10Timing: after-hours following the Q2 2026 results 8-K, ahead of the July 30 conference call

Background

The 8-K (Item 2.02) attaches Procore’s Q2 2026 results press release and provides forward guidance for Q3 2026, FY2026, and FY2027.

Company-level read

Ticker impact

$PCORBullishHigh confidence
Context

Procore reported Q2 2026 revenue of $375M (+16% YoY), GAAP operating margin of 1%, and issued Q3 to FY27 guidance.

Expected impact

Likely positive near-term bias if investors focus on 16% growth, GAAP operating profitability, and the FY27 25% non-GAAP operating margin outlook.

Evidence & confidence

The filing includes primary, decision-relevant datapoints: Q2 results (revenue, margins, free cash flow) plus explicit Q3 2026, FY2026, and FY2027 guidance ranges.

Market effects

Sector

Construction management software peers may see read-across on demand durability and margin expansion trajectory.

Regional

Limited direct regional impact; primarily US-listed software sentiment.

Global

Moderate, as Procore frames execution and adoption trends for the construction digitization market.

Counterpoint

What could challenge this read

Non-GAAP margins are doing most of the work; GAAP operating margin remains low at 1%, so investors may discount the quality or sustainability of profitability.

Key entities

  • company
    Procore Technologies, Inc.

    NYSE-listed construction management software provider reporting Q2 2026 results and issuing Q3 2026 to FY2027 guidance.

  • executive
    Ajei Gopal

    CEO quoted on Q2 performance and platform value.

  • executive
    Rachel Pyles

    CFO quoted on GAAP operating profitability, revenue growth, and free cash flow generation.

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