Procore Exceeds Q1 Expectations, Boosts Full-Year Outlook, and Executes $100M Share Buyback
PCOR sits 41% above its 52-week low of $46.08.
Summary
Procore Technologies reported better-than-expected Q1 2026 financial results, raised its full-year guidance, and repurchased $100 million of its common stock.
Key Events · Earnings and Guidance · PCOR
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Strong Q1 Financial Performance
Procore reported Q1 2026 revenue of $359 million, a 16% year-over-year increase, exceeding the high end of its guidance. Non-GAAP operating margin reached 17%, and free cash inflow grew 20% year-over-year to $56 million.
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Increased Full-Year Guidance
Following the strong Q1 results, Procore raised its full-year 2026 revenue outlook to a range of $1,499 million to $1,503 million, representing up to 13.6% year-over-year growth, and projected a non-GAAP operating margin of 18% to 18.5%.
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Significant Share Repurchases
The company repurchased approximately 1.8 million shares of common stock for $100 million in the first quarter, executing a substantial portion of its previously authorized stock repurchase program announced on 2026-02-24.
Analysis · PCOR · Technology
Procore Technologies delivered a strong first quarter, surpassing its own guidance for revenue and profitability, which led to an upward revision of its full-year financial outlook. This performance, coupled with a significant $100 million in share repurchases during the quarter, signals robust operational execution and a commitment to returning capital to shareholders. The positive financial trajectory and increased guidance could instill greater investor confidence in the company's growth prospects and financial health.
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In the 30 days to Sep 23, 2026, 35.1% of the 1081 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PCOR was trading at $65.00 on NYSE in the Technology sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $46.08 to $82.32. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.