Quarterly ResultJul 22, 2026, 07:41 AM
PulteGroup Q2 EPS $2.48; Home Sale Revenue $3.8B
AI Summary
PulteGroup, Inc. announced its second quarter 2026 financial results, reporting diluted earnings of $2.48 per share, a decrease from $3.03 in the prior year. Home sale revenues declined 11% to $3.8 billion, driven by an 8% decrease in closing volumes and a 3% decrease in average sales price. Despite competitive market conditions, the company saw a 6% increase in net new orders to 7,536 homes and a 2% increase in unit backlog. PulteGroup also repurchased $373 million of its common shares during the quarter.
Key Highlights
- Reported diluted earnings per share of $2.48, down from $3.03 YoY.
- Home sale revenues decreased 11% to $3.8 billion, with 6,997 homes closed.
- Home sale gross margin was 25.0%, a sequential increase of 60 basis points.
- Net new orders increased 6% to 7,536 homes, with order value up 5% to $4.1 billion.
- Unit backlog increased 2% to 10,966 homes, valued at $6.8 billion.
- Repurchased $373 million of common shares in Q2, totaling $681 million YTD.
- Ended the quarter with $1.4 billion in cash and a debt-to-capital ratio of 12.3%.
Price Impact
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