Procore Beats Revenue, Misses EPS, Shares Plummet

Procore Technologies reported Q1 CY2026 earnings, exceeding Wall Streets revenue expectations with $359.3M in sales, a 15.7% increase from last year. However, adjusted EPS missed the consensus by 6.1%. Despite strong adjusted operating income and improved operating margin, shares plummeted 9.8% due to the EPS miss. Procore raised full-year revenue guidance to $1.5B, but analysts predict a slowdown in growth. With a 26.6% five-year revenue CAGR and 46-month customer acquisition payback, Procore must focus on converting billings to cash and innovating in construction tech as growth cools. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e05fe8b7a3e645e1