Earnings Releases·Nov 3, 2026, 4:06 PM ET

Procore Technologies, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $402 million (+19% YoY), with non-GAAP net income rising to $77.4 million (+20% YoY) and non-GAAP EPS at $0.51 (+21% YoY), while remaining performance obligations grew 28% to $1.81 billion.
Full Year 2026 revenue guidance is $1,557.0–$1,559.0 million (17.7–17.9% growth) and non-GAAP operating margin is projected at 19.0–19.5%; Full Year 2027 non-GAAP operating margin is expected to reach 25%.
Strategic expansion includes the $790.5 million acquisition of DroneDeploy, which contributed $19 million to Q4 revenue guidance and 2 percentage points to Q3 growth, alongside the general availability of Procore AI digital coworkers and new collaborations with NVIDIA and IBM.
The Board authorized a new $300 million stock repurchase program expiring October 30, 2027, following the expiration of the previous program, while the company issued $950 million in convertible notes during the first nine months of 2026.