PulteGroup Reports Third Quarter 2026 Financial Results
PulteGroup reported Q3 2026 EPS of $2.53 on home sale revenues of $3.9 billion, down 9% year-over-year, with net income falling from $586 million to $476 million. Demand is being pressured by rising mortgage rates and stretched affordability, with net new orders down 6% to 6,208 homes; however, backlog grew 4% to 10,298 homes and gross margin held at 24.8% despite $26 million of land impairments.
Key figures
- Eps
- 2.53
- Revenue
- 3973846000
- Revenue Yoy
- -9%
- Sga
- 397198000
- Cash
- 1369902000
- Closings
- 6876
- Buyback q3
- 350000000
- Net income
- 475727000
- Buyback ytd
- 1031567000
- Gross margin
- 24.8%
- Backlog units
- 10298
- Backlog value
- 6444435000
- Eps prior year
- 2.96
- Debt to capital
- 12.1%
- Land impairments
- 26000000
- Backlog units yoy
- +4%
- Home sale revenues
- 3859030000
- Net new orders units
- 6208
- Net new orders value
- 3498584000
- Net income prior year
- 585834000
- Gross margin prior year
- 26.2%
- Home sale revenues prior year
- 4248375000
AI analysis
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