Procore Technologies' stock surged 12.72% during intraday trading on Friday, marking a significant upward movement for the construction software provider.

The sharp rise follows the company's release of strong fourth-quarter financial results after the previous trading session. Procore reported adjusted earnings of $0.37 per share, exceeding analyst estimates of $0.35, while revenue reached $349.1 million, representing a 16% year-over-year increase that also surpassed expectations.

Investor sentiment was further boosted by the company's 2026 revenue guidance, which projected a range of $1.489 billion to $1.494 billion against analyst forecasts of $1.47 billion. Additional positive factors included the announcement of Procore's acquisition of Datagrid to accelerate its artificial intelligence strategy, reported strong growth in high-value customers, and a 69% year-over-year increase in free cash flow for the quarter.