PulteGroup Q2 2026: EPS $2.48 Beats as Orders Rise 6%
PulteGroup beat a $2.39 consensus EPS estimate with $2.48 in Q2 2026, but the beat came from cost control and a smaller share count, not demand: revenue fell 9.6% to $3.98 billion and net income dropped 22.4% to $472.00 million. Orders rose 6% while free cash flow turned negative, so read this quarter as a stabilizing order book sitting on top of a still-shrinking income statement.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $2.48 beat the $2.3858 consensus by about $0.09, or 3.9%, but was down 18.2% from $3.03 a year ago. Net income of $472.00 million fell 22.4% from $608.48 million, so the beat reflects a lowered bar rather than growth. Gross margin slipped to 26.6% from 28.6%, with home sale gross margin down to 25.0% from 27.0%, partly offset by SG&A dollars falling to $382.97 million from $390.45 million.
Total revenue of $3.98 billion fell 9.6% from $4.40 billion a year ago, driven by an 8% drop in closings to 6,997 homes and a 3% lower average selling price of $544,000. Home sale revenue alone was $3.81 billion, down 11%. The mix is still overwhelmingly homebuilding: $3.89 billion of revenue came from the Home Building segment versus $96.94 million from Financial Services.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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