PulteGroup Q2 EPS falls to $2.48 from $3.03; home sale revenue down 11%
PulteGroup reported second quarter 2026 results on July 22, 2026, with net income of $472 million, or $2.48 per diluted share, down from $608 million, or $3.03 per share, a year earlier. Home sale revenues fell 11% to $3.8 billion on 8% fewer closings, and home sale gross margin declined to 25.0% from 27.0%. Net new orders rose 6% to 7,536 homes, and the company repurchased $373 million of its common shares in the quarter.
Key points
- Net income of $472 million, or $2.48 per diluted share, versus $608 million, or $3.03 per share, in the prior year quarter
- Home sale revenues of $3.8 billion, down 11%, on 6,997 closings (down 8%) and an average sales price of $544,000 (down 3%)
- Home sale gross margin of 25.0%, compared with 27.0% a year earlier, and up 60 basis points from the first quarter of 2026
- Net new orders rose 6% to 7,536 homes; unit backlog of 10,966 homes was up 2%; $373 million of shares repurchased
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.