$PHM

PulteGroup Q3 Earnings Fall to $2.53 Per Share as Home Sale Revenue Declines 9%

PulteGroup reported Q3 2026 net income of $476M ($2.53 per share), down from $586M ($2.96 per share) a year earlier. Revenue fell 9% to $3.97B. Home sale gross margin decreased to 24.8% from 26.2%. The company repurchased $350M in shares and had $1.4B in cash. Closings and net new orders declined, but backlog grew 4% to 10,298 homes.

Original reporting
Published Oct 22, 2026, 11:33 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 22, 2026, 11:38 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
PulteGroup Q3 Earnings Fall to $2.53 Per Share as Home Sale Revenue Declines 9% — source image
Decision brief

The 30-second read

$PHMBearishHigh
01

Why it matters

The earnings miss could trigger a sell‑off in the stock and pressure on the broader homebuilder index.

02

Market read

The earnings shortfall is a material new data point for a large‑cap housing company, likely influencing sector sentiment and short‑term price action.

03

What to watch

Backlog up 4% to 10,298 homes and $6.4B value; cash $1.4B and low debt ratio may cushion near‑term weakness.

Relevance 8/10Novelty 9/10Timing: post‑market today

Background

PulteGroup disclosed its Q3 2026 results via an 8‑K filing, marking the first public release of these numbers.

Company-level read

Ticker impact

$PHMBearishHigh confidence
Context

Q3 2026 earnings miss: revenue down 9% YoY to $3.97B and EPS $2.53 vs $2.96 a year ago.

Expected impact

downward pressure as the market prices in the revenue and EPS miss

Evidence & confidence

Both top line and earnings per share fell year‑over‑year; guidance was not provided, prompting investors to reassess valuation.

Market effects

Homebuilding sector may see broader pressure as PulteGroup's miss signals weaker housing demand.

U.S. housing market sentiment could soften, affecting related construction and mortgage lenders.

Limited to U.S. housing exposure; modest global ripple.

Counterpoint

Buy on dip if backlog growth and strong cash position support a rebound.

Key entities

  • PulteGroup

    U.S. homebuilder reporting Q3 earnings.

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PulteGroup Inc (PHM) (Q3 2026) Earnings Call Highlights: Margin Resilience

PulteGroup (PHM) reported Q3 2026 earnings with net new orders down 6% YoY to 6,208 homes. Revenue fell 9% to $3.9B, and closings decreased 9% to 6,876 homes. Gross margin declined 140 bps, and incentives rose to 10.4%. Full-year closings guidance was reduced to 27,000-27,500 homes. Q4 gross margin is expected to decline further to 24.0-24.5%. The company recorded $26M in land impairment charges and walked away from 8,000 optioned lots.

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What PulteGroup (PHM) Said on Its Q3 Earnings Call

PulteGroup (PHM) reported Q3 home sale gross margins of 24.8%, down from last year but stable from Q2. The company expects Q4 margins of 24.0%-24.5% and maintained its full-year forecast. It plans to close 7,000-7,500 homes in Q4 and 27,000-27,500 for 2026, with average selling prices of $550,000-$560,000. PulteGroup is controlling inventory and land spending, with $1.3B invested in Q3. It repurchased 2.8M shares and has $1.4B in cash.

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Pulte (PHM) Q3 2026 Earnings Call Transcript

PulteGroup (PHM) reported Q3 2026 earnings, with closings slightly below guidance but strong gross margins of 24.8%, leading to $476M in earnings. Traffic to communities declined 14% YoY, impacting sign-ups and closings, particularly among first-time buyers. Net new orders fell 6% YoY, while cancellation rates improved. PulteGroup managed starts and spec inventory carefully, investing $4B in land and returning $1.2B to shareholders.