Performance Max is Google's strongest push toward AI-managed buying.
Your job is not to outsmart it with tiny tweaks. Your job is to steer it.
Google has explicitly framed recent PMax work as "more campaign controls to steer AI" and "deeper Search reporting," including campaign-level negative keywords, brand exclusions, URL rules, demographic exclusions, and device targeting.
The steering model: inputs, constraints, diagnostics
If you treat PMax like a compiler, this gets simpler.
Lever 1: Inputs
Inputs determine what the system can choose from.
For commerce PMax, inputs include:
For lead gen, inputs include:
Bad inputs create bad "AI performance." PMax is not magic. It's optimization on what you feed it.
Lever 2: Constraints
Constraints prevent the system from spending in places you don't want.
Key constraint tools Google has expanded:
This is the real PMax game. Constraints are where you reduce waste and protect brand intent.
Lever 3: Diagnostics and reporting
If you can't observe what's happening, you can't steer it.
Google has pushed deeper Search reporting for PMax including search term insights and search themes indicators.
Use diagnostics to answer:
The PMax operating routine for agencies
A routine beats heroics.
Weekly: "Query quality + concentration"
Daily: "Risk checks"
PMax can swing quickly. Weekly review is too slow for drift.
Common PMax failure modes (and what to do)
Failure mode 1: You're optimizing the wrong conversion
If you send the AI a noisy conversion signal, it will optimize noise at scale.
Fix: Tighten conversion definitions, separate micro vs macro conversions, validate tracking consistency.
Failure mode 2: You're letting it spend where you don't want
Fix: Add negatives, apply brand exclusions appropriately, restrict URL expansion paths using URL rules.
Failure mode 3: You can't explain performance
Fix: Treat asset groups as hypotheses, document intent and mapping, use a weekly narrative: what changed, why, what you'll do next.
The "good enough" PMax checklist
If you only do 10 things, do these:
FAQ
Is PMax mandatory in 2026?
For many accounts, it's becoming unavoidable because it's where Google invests automation and inventory access. The question is how you constrain it.
What's the fastest win?
Add constraints: negatives, brand exclusions, URL rules, then run a daily drift check.