Procore Appoints New CFO and CRO to Drive Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
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Should l Buy PCOR?
Source: Newsfilter
- Executive Appointments: Procore announces the appointment of Rachel Pyles as CFO and Walt Hearn as CRO, with Pyles succeeding Howard Fu and Hearn succeeding Larry Stack on April 1, 2026, aimed at driving the next phase of growth for the company.
- Financial Guidance Reaffirmed: Procore reaffirms its financial guidance for Q1 and FY26, indicating stability in financial performance and confidence in future growth, which is expected to continue creating value for shareholders.
- Rich Leadership Experience: Pyles balanced revenue growth with cost control during her tenure as CFO at Ansys, while Hearn achieved double-digit revenue growth in various sales roles at Ansys, showcasing the exceptional capabilities of both new executives in their respective fields.
- Strategic Transition Support: The addition of these executives not only revitalizes Procore's technology platform and AI capabilities but also strengthens the company's market leadership in the construction industry, ensuring a competitive edge in a rapidly changing market environment.
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Analyst Views on PCOR
Wall Street analysts forecast PCOR stock price to rise
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 52.960
Low
70.00
Averages
87.83
High
95.00
Current: 52.960
Low
70.00
Averages
87.83
High
95.00
About PCOR
Procore Technologies, Inc. is a technology company. The Company is a global provider of cloud-based construction management software. The Company's unified technology platform leverages artificial intelligence (AI) and data-driven insights and decision making. The Company's platform is modernizing and digitizing construction management by enabling access to project information, simplifying complex workflows, and facilitating communication among relevant stakeholders. Its core customers are owners, general contractors, and specialty contractors operating across the residential and non-residential segments of the construction industry. Its solutions include Preconstruction, Project Execution, Resource Management, Financial Management, and Procore Helix. Its Preconstruction solutions include Tender Management, BIM, and Estimating. Its Project Execution solutions include Project Management, and Quality and Safety. Its Procore Helix solutions include Analytics, Assist, and Insights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PROCORE RELEASES FINANCIAL RESULTS FOR FIRST QUARTER OF 2026
Financial Performance: Procore has announced its financial results for the first quarter of 2026, highlighting key metrics and performance indicators.
Revenue Growth: The company reported significant revenue growth compared to the previous quarter, reflecting strong demand for its services in the construction industry.
Market Position: Procore continues to strengthen its position in the market, leveraging technological advancements to enhance its offerings and customer satisfaction.
Future Outlook: The announcement includes projections for future growth and strategic initiatives aimed at expanding Procore's market reach and operational efficiency.
See More
Procore Technologies Reports Q1 Revenue of $359.283 Million, Exceeding IBES Estimate of $352.3 Million
Revenue Comparison: Procore Technologies reported a revenue of USD 359.28 million for Q1, exceeding the Ibes estimate of USD 352.3 million.
Financial Performance: The company's performance indicates a positive trend, surpassing market expectations in terms of revenue generation.
See More
Procore Technologies Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Procore reported Q1 2026 revenue of $359 million, reflecting a 15.7% year-over-year increase that exceeded expectations, indicating strong performance and stable market demand in the construction sector.
- AI Strategy Advancement: CEO Gopal highlighted rapid integration of AI technologies, with plans for the sales team to fully promote Procore AI by Q3, demonstrating the company's proactive approach to innovation and competitive positioning.
- Accelerated Product Adoption: Procore Scheduling has been implemented by over 2,000 companies since its February launch, marking it as the fastest adopted product in the company's history, reflecting strong market demand for new technologies.
- Optimistic Financial Outlook: CFO Pyles raised the full-year 2026 revenue guidance to $1.499 billion to $1.503 billion and increased the non-GAAP operating margin forecast by 50 basis points, showcasing the company's confidence in future growth.
See More
Procore Q1 Earnings Beat Expectations with Significant Customer Growth
- Earnings Performance: Procore Technologies reported a Q1 non-GAAP EPS of $0.34, missing expectations by $0.02, yet achieved revenue of $359.28 million, reflecting a 15.7% year-over-year growth and exceeding market expectations by $6.46 million, demonstrating resilience in the construction sector.
- Customer Growth: As of March 31, 2026, the number of organic customers contributing over $100,000 in annual recurring revenue reached 2,795, marking a 16% increase year-over-year, indicating sustained expansion in the customer base and strong market demand.
- Q2 Outlook: The company expects Q2 revenue to range between $364 million and $366 million, slightly below the consensus of $366.33 million, with year-over-year growth projected at 12% to 13%, reflecting a cautiously optimistic outlook for future growth.
- Full Year Outlook: For the full year 2026, revenue is anticipated to be between $1.499 billion and $1.503 billion, with a high-end year-over-year growth of 13.6%, while the non-GAAP operating margin is expected to be between 18% and 18.5%, indicating stability in profitability.
See More
Procore Technologies Inc. Anticipates Q2 Revenue Between $364 Million and $366 Million
- Q2 Revenue Expectations: Procore Technologies' revenue for Q2 is anticipated to be between $364 million and $366 million.
See More
Procore Technologies Q1 Earnings Announcement Scheduled
- Earnings Release Date: Procore Technologies (PCOR) is set to announce its Q1 earnings on May 5th before market open, with a consensus EPS estimate of $0.36, reflecting a significant year-over-year increase of 263.6%, indicating strong performance in the construction sector.
- Revenue Expectations: The anticipated revenue for Q1 is $352.82 million, representing a 13.4% year-over-year growth, which underscores Procore's sustained growth potential, particularly amid industry challenges.
- Historical Performance Review: Over the past two years, Procore has beaten EPS estimates 75% of the time and achieved a 100% success rate in revenue estimates, demonstrating the company's reliability in financial forecasting and market adaptability.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and 14 downward revisions, while revenue estimates experienced 16 upward revisions and one downward revision, reflecting mixed market sentiment regarding Procore's future performance, which may impact investor confidence.
See More
PROCORE RELEASES FINANCIAL RESULTS FOR FIRST QUARTER OF 2026
Financial Performance: Procore has announced its financial results for the first quarter of 2026, highlighting key metrics and performance indicators.
Revenue Growth: The company reported significant revenue growth compared to the previous quarter, reflecting strong demand for its services in the construction industry.
Market Position: Procore continues to strengthen its position in the market, leveraging technological advancements to enhance its offerings and customer satisfaction.
Future Outlook: The announcement includes projections for future growth and strategic initiatives aimed at expanding Procore's market reach and operational efficiency.
See More
Procore Technologies Reports Q1 Revenue of $359.283 Million, Exceeding IBES Estimate of $352.3 Million
Revenue Comparison: Procore Technologies reported a revenue of USD 359.28 million for Q1, exceeding the Ibes estimate of USD 352.3 million.
Financial Performance: The company's performance indicates a positive trend, surpassing market expectations in terms of revenue generation.
See More
Procore Technologies Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Procore reported Q1 2026 revenue of $359 million, reflecting a 15.7% year-over-year increase that exceeded expectations, indicating strong performance and stable market demand in the construction sector.
- AI Strategy Advancement: CEO Gopal highlighted rapid integration of AI technologies, with plans for the sales team to fully promote Procore AI by Q3, demonstrating the company's proactive approach to innovation and competitive positioning.
- Accelerated Product Adoption: Procore Scheduling has been implemented by over 2,000 companies since its February launch, marking it as the fastest adopted product in the company's history, reflecting strong market demand for new technologies.
- Optimistic Financial Outlook: CFO Pyles raised the full-year 2026 revenue guidance to $1.499 billion to $1.503 billion and increased the non-GAAP operating margin forecast by 50 basis points, showcasing the company's confidence in future growth.
See More
Procore Q1 Earnings Beat Expectations with Significant Customer Growth
- Earnings Performance: Procore Technologies reported a Q1 non-GAAP EPS of $0.34, missing expectations by $0.02, yet achieved revenue of $359.28 million, reflecting a 15.7% year-over-year growth and exceeding market expectations by $6.46 million, demonstrating resilience in the construction sector.
- Customer Growth: As of March 31, 2026, the number of organic customers contributing over $100,000 in annual recurring revenue reached 2,795, marking a 16% increase year-over-year, indicating sustained expansion in the customer base and strong market demand.
- Q2 Outlook: The company expects Q2 revenue to range between $364 million and $366 million, slightly below the consensus of $366.33 million, with year-over-year growth projected at 12% to 13%, reflecting a cautiously optimistic outlook for future growth.
- Full Year Outlook: For the full year 2026, revenue is anticipated to be between $1.499 billion and $1.503 billion, with a high-end year-over-year growth of 13.6%, while the non-GAAP operating margin is expected to be between 18% and 18.5%, indicating stability in profitability.
See More
Procore Technologies Inc. Anticipates Q2 Revenue Between $364 Million and $366 Million
- Q2 Revenue Expectations: Procore Technologies' revenue for Q2 is anticipated to be between $364 million and $366 million.
See More
Procore Technologies Q1 Earnings Announcement Scheduled
- Earnings Release Date: Procore Technologies (PCOR) is set to announce its Q1 earnings on May 5th before market open, with a consensus EPS estimate of $0.36, reflecting a significant year-over-year increase of 263.6%, indicating strong performance in the construction sector.
- Revenue Expectations: The anticipated revenue for Q1 is $352.82 million, representing a 13.4% year-over-year growth, which underscores Procore's sustained growth potential, particularly amid industry challenges.
- Historical Performance Review: Over the past two years, Procore has beaten EPS estimates 75% of the time and achieved a 100% success rate in revenue estimates, demonstrating the company's reliability in financial forecasting and market adaptability.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and 14 downward revisions, while revenue estimates experienced 16 upward revisions and one downward revision, reflecting mixed market sentiment regarding Procore's future performance, which may impact investor confidence.
See More
