Procore Technologies Expands AI Experience
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
Procore Technologies announced an expanded Procore AI experience, introducing a new suite of AI agents powered by embedded Datagrid intelligence and built directly into Procore. This new experience gives customers access to agentic AI capable of executing work, coordinating workflows, and taking action across projects in real time.
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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: 47.540
Low
70.00
Averages
87.83
High
95.00
Current: 47.540
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.
Inflation Data Triggers Decline in Tech Stocks
- Inflation Impact: The April PPI report revealed accelerating inflation, pushing the 10-year Treasury yield to 4.49%, effectively eliminating hopes for rate cuts in 2026, which raised the discount rate applied to long-duration growth earnings and compressed business valuations.
- Software Sector Pressure: With software prices rising year-over-year, enterprise software spending may face pullbacks; while current revenues are supported, enterprise customers might delay new deployments or consolidate seats to protect their margins, increasing uncertainty in the industry.
- Market Overreaction: Despite the overall decline in tech stocks, with Asure Software, Flywire, and Procore Technologies falling 3.4%, 3.2%, and 3.8% respectively, the market's overreaction may present buying opportunities for investors seeking high-quality stocks.
- Procore Technologies Performance: Procore Technologies has dropped 33.8% year-to-date, currently trading at $46.38, which is 41.7% below its 52-week high of $79.60, indicating market concerns about its future growth, prompting investors to carefully assess its investment value.
See More
Procore Technologies Q1 2026 Earnings Call Highlights
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- 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 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 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
Inflation Data Triggers Decline in Tech Stocks
- Inflation Impact: The April PPI report revealed accelerating inflation, pushing the 10-year Treasury yield to 4.49%, effectively eliminating hopes for rate cuts in 2026, which raised the discount rate applied to long-duration growth earnings and compressed business valuations.
- Software Sector Pressure: With software prices rising year-over-year, enterprise software spending may face pullbacks; while current revenues are supported, enterprise customers might delay new deployments or consolidate seats to protect their margins, increasing uncertainty in the industry.
- Market Overreaction: Despite the overall decline in tech stocks, with Asure Software, Flywire, and Procore Technologies falling 3.4%, 3.2%, and 3.8% respectively, the market's overreaction may present buying opportunities for investors seeking high-quality stocks.
- Procore Technologies Performance: Procore Technologies has dropped 33.8% year-to-date, currently trading at $46.38, which is 41.7% below its 52-week high of $79.60, indicating market concerns about its future growth, prompting investors to carefully assess its investment value.
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 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 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
