← Back to All Filings
PulteGroup Reports Q3 2026 Results with EPS of $2.53 on $3.9B Home Sale Revenues
PULTEGROUP INC/MI/
$PHM8-KCIK: 0000822416
Subscribe to track PHM
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
# PulteGroup, Inc. (NYSE: PHM) - Q3 2026 Earnings Release
**Financial Highlights:**
• Diluted EPS: $2.53 (vs. $2.96 in Q3 2025)
• Net Income: $475.7M (vs. $585.8M in Q3 2025)
• Home Sale Revenues: $3.86B (-9% YoY)
• Total Revenues: $3.97B (-9.8% YoY)
• Home Sale Gross Margin: 24.8% (vs. 26.2% in Q3 2025; includes $26M land impairments)
**Operational & Delivery Metrics:**
• Closings: 6,876 homes (-9% YoY)
• Average Selling Price: $561,000 (-1% YoY)
• Net New Orders: 6,208 homes (-6% YoY) valued at $3.5B
• Backlog: 10,298 homes (+4% YoY) valued at $6.4B (+3% YoY)
• Community Count: 1,077 average communities (+7% YoY)
**Capital Allocation & Balance Sheet:**
• Share Repurchases: $350M (2.8M shares at $124.70/share) in Q3; $1.0B YTD
• Cash & Equivalents: $1.4B
• Debt-to-Capital Ratio: 12%
Comprehensive Analysis
Executive Overview: PulteGroup, Inc. (NYSE: PHM) Q3 2026 Earnings
PulteGroup reported financial results for the third quarter ended September 30, 2026, navigating a challenging demand environment characterized by elevated mortgage rates, widespread inflation, and affordability pressures.
Key Financial Metrics
- Earnings Per Share (EPS): Reported diluted EPS of $2.53, compared to $2.96 in Q3 2025 (a decline of ~14.5%).
- Net Income: Totaled $475.7 million, down from $585.8 million in the prior-year period.
- Home Sale Revenues: Decreased 9% year-over-year to $3.86 billion (compared to $4.25 billion in Q3 2025).
- Total Revenues: Reached $3.97 billion, compared to $4.40 billion in Q3 2025.
- Gross Margin: Home sale gross margin came in at 24.8%, compared to 26.2% in Q3 2025. Reported margins were burdened by $26 million (~70 bps) of land impairments.
- SG&A Expenses: $397.2 million, representing 10.3% of home sale revenues, compared to $400.7 million (9.4%) in Q3 2025.
Operational Drivers & Orders
- Closings: 6,876 homes, reflecting a 9% decrease from the prior-year period.
- Average Selling Price (ASP): Down 1% to $561,000 per home.
- Net New Orders: Decreased 6% year-over-year to 6,208 homes (down from 6,638 homes), with a total order value of $3.5 billion (vs. $3.6 billion in Q3 2025).
- Active Community Count: Increased by 7% year-over-year to an average of 1,077 communities.
- Backlog Strength: Increased 4% to 10,298 homes, with total backlog value climbing 3% to $6.4 billion.
- Financial Services: Pre-tax income remained resilient at $46 million, with a mortgage capture rate improving to 85% (from 84% in Q3 2025).
Capital Return & Balance Sheet Health
- Share Buybacks: PulteGroup repurchased 2.8 million common shares for $350 million (average price of $124.70) during Q3. Year-to-date repurchases reached $1.0 billion (8.4 million shares, or ~4% of outstanding shares).
- Cash Position: Ended the quarter with $1.4 billion in cash.
- Leverage: Conservative debt-to-capital ratio stood at 12%, maintaining balance sheet flexibility through the housing cycle.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.