Procore Q2 revenue grows 16% to $375.2M as it turns GAAP profitable

Construction software maker Procore reported Q2 revenue of $375.2M, up 16%, and posted GAAP operating income of $4.3M. It guided 2026 revenue to $1,510M–$1,514M. (Procore 8-K Exhibit 99.1 (SEC))

Non-GAAP diluted EPS was $0.47 and GAAP diluted EPS was $0.11. Remaining performance obligations rose 24% to $1.67B. Q3 guidance is $382M–$384M in revenue, and Procore set a 25% non-GAAP operating margin target for 2027. (Procore 8-K Exhibit 99.1 (SEC))