PULTEGROUP INC/MI/ is expected to release its Q3 2026 10-Q filing on October 19, 2026, before market open. Last quarter: In Q2 FY2026, PulteGroup reported a 9.6% YoY revenue decline to $3.98B and a 22.4% drop in net income to $472.0M, driven by an 8% decrease in closings and a 200-basis-point contraction in home sale gross margin to 25.0%, as the company continued to lean on sales incentives and price adjustments amid weaker affordability-driven demand while still increasing net new orders 6% and returning $681.2M to shareholders via buybacks in the first six months of the year.
EPS Estimate
$2.85
Revenue Estimate
$4.46B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the PHM page.
Drawn from management commentary in the Q2 2026 10-Q:
Home sale gross margin decreased to 25.0% in Q2 FY2026 from 27.0% in the prior-year quarter, though it improved sequentially from 24.4% in Q1 FY2026. Management attributes the YoY decline to elevated sales incentives, pricing actions, and higher land acquisition and development costs, which it expects to continue impacting margins in the near term.
Closings decreased 8% YoY to 6,997 units due to a weaker order backlog entering 2026, while net new orders increased 6% in units to 7,536 (5% in dollars to $4.08B), driven by higher volumes in Florida and Midwest, partially offset by declines in the West segment.
West segment income before income taxes fell 56% YoY to $54.0M on a 20% revenue decline, primarily due to weakness in Las Vegas and Arizona; Florida income was roughly flat at $189.8M despite a slight ASP increase, while Northeast income fell 50% on a 27% drop in closings.
Revenue
$3.98B
-9.56% YoY
EPS (Basic)
$2.49
-18.36% YoY
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