Procore Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $402 million, up 19% year-over-year
- ➤Q3 non-GAAP operating margin reached 23%, above guidance
- ➤FY2026 revenue outlook raised to $1,557.0 million-$1,559.0 million
- ➤FY2027 non-GAAP operating margin outlook set at 25%
- ➤New $300 million stock repurchase program expires October 30, 2027
Expert Statements
Ajei Gopal, President and CEO of Procore
“Q3 was another outstanding quarter, with revenue and margins above the high end of our guidance.”
Ajei Gopal, President and CEO of Procore
“We delivered new capabilities across our flagship products and made Procore AI’s digital coworkers generally available.”
Ajei Gopal, President and CEO of Procore
“We are well on our way to becoming a next-generation, AI-native construction management platform and a true system of intelligence for construction.”
Rachel Pyles, CFO of Procore
“Our Q3 performance reflects continued excellent execution across our core business, with revenue up 19%, including 2 percentage points from DroneDeploy.”
Rachel Pyles, CFO of Procore
“Driven by that underlying momentum, we are raising our full-year revenue and margin outlook, reinforcing our commitment to durable, profitable growth and compounding free cash flow per share.”
Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced financial results for the third quarter ended September 30, 2026.
“Q3 was another outstanding quarter, with revenue and margins above the high end of our guidance,” said Ajei Gopal, President and CEO of Procore. “We delivered new capabilities across our flagship products and made Procore AI’s digital coworkers generally available. We are well on our way to becoming a next-generation, AI-native construction management platform and a true system of intelligence for construction.”
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