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High materiality8/10

Procore beats estimates; raises FY26 guidance; AI initiatives boost PCOR upside

Nov 5, 2026, 6:48 AM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong earnings beat and raised guidance typically lead to re-rating; analyst PT increases reinforce upside, evidenced by a positive pre-market move.

AI summary

What happened, with direct paths to the underlying reporting

Procore beat Q3 with 0.51 EPS and $402.3M revenue, lifting FY26 guidance to $1.557-$1.559B. Management highlighted AI features and the release of Procore AI digital coworkers, signaling a shift toward an AI-native construction platform. Analysts raised targets to $90, underpinning near-term upside for PCOR.

Q3 EPS 0.51 beats; revenue $402.313M beats $383.933M est.
FY26 revenue guidance raised to $1.557-$1.559B from $1.489-$1.494B.
CEO: AI features; digital coworkers rollout; aiming for AI-native platform.
Shares +0.5% pre-market to $76.
Piper Sandler and BTIG lift price targets to $90.

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