PULTEGROUP INC/MI/ (PHM) Form 10-Q — Oct 22, 2026
PulteGroup's Q3 2026 10-Q shows revenue of $3.97B, down 10% year over year, with net income of $475.7M ($2.53 diluted EPS) versus $585.8M ($2.96) a year earlier. Gross margin compressed to 24.8% from 26.2% on elevated sales incentives and higher land costs, and closings fell 9% to 6,876 units. Management said demand 'further weakened' in Q3 as mortgage rates rose sharply, and net new orders declined 6% to 6,208 units. The company expects incentives to stay elevated and is walking away from land option deals and managing spec inventory down.
Key figures
- Eps
- 2.53
- Revenue
- 3973846000
- Net Income
- 475727000
- Total Debt
- 1808896000
- Revenue Yoy
- -10%
- Total Assets
- 18484906000
- Cash Position
- 1408027000
- Shares Outstanding
- 184086754
- Backlog units
- 10298
- Backlog dollars
- $6.44B (+3%)
- Q3 gross margin
- 24.8% vs 26.2% prior year
- Q3 closings units
- 6,876 (-9%)
- Quarterly dividend
- $0.26/share (up 18% from $0.22)
- Cancellation rate q3
- 16%
- Nine month net income
- 1294726000
- Diluted eps nine months
- 6.79
- Q3 net new orders units
- 6,208 (-6%)
- Q3 average selling price
- $561K (-1%)
- Buyback capacity remaining
- $1.5B
- Share repurchases nine months
- $1.03B
AI analysis
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