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AI brief of an SEC Form 8-K · PulteGroup (PHM)

PulteGroup Q3 EPS falls to $2.53 from $2.96 as home sale revenue drops 9%

Negative Impact 3 of 5 earnings

PulteGroup reported third-quarter 2026 net income of $476 million, or $2.53 per diluted share, down from $586 million, or $2.96 per share, a year earlier. Home sale revenues fell 9% to $3.9 billion on 9% fewer closings, and home sale gross margin narrowed to 24.8% from 26.2%. Net new orders fell 6%, while backlog rose 4% to 10,298 homes and the company repurchased $350 million of its shares.

Key points

  • Diluted EPS of $2.53 versus $2.96 a year earlier; net income of $476 million versus $586 million
  • Home sale revenues of $3.9 billion, down 9%; closings of 6,876 homes, down 9%
  • Home sale gross margin of 24.8% versus 26.2%, including $26 million of land impairments
  • Repurchased $350 million of common shares in the quarter; ended with $1.4 billion of cash and a 12% debt-to-capital ratio

The filing

CompanyPulteGroup (PHM)
Form8-K, current report
Filed with the SECOct 22, 2026, 7:28 AM ET
Accession number0000822416-26-000041

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.