PulteGroup Q3 FY2026: $2.53 EPS Misses as Revenue Slips 9.8%
PulteGroup missed the quarter on the bottom line: EPS of $2.53 came in $0.15 under the $2.68 consensus while revenue fell 9.8% to $3.97 billion. Gross margin of 26.8% held only modestly below last year's 27.8%, with home sale gross margin down to 24.8%. Read this as a volume story — fewer closings and fewer orders — cushioned by buybacks and a $6.4 billion backlog.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.53 trailed the $2.68 consensus by $0.15, or 5.7%, and fell from $2.96 a year ago. Net income of $475.7 million was helped by a diluted share count that shrank to 187.8 million from 198.1 million, with $350.4 million of buybacks in the quarter. SG&A rose to 10.3% of home sale revenues from 9.4%, so operating leverage went the wrong way.
Revenue of $3.97 billion fell 9.8% from $4.40 billion a year earlier, driven by a 9% drop in closings to 6,876 homes plus a 1% dip in average selling price to $561,000. Net new orders fell 6% to 6,208 homes worth $3.5 billion. The offset sits in backlog: 10,298 homes, up 4%, worth $6.4 billion.
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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 2026-10-23
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