PulteGroup Reports Third Quarter 2026 Financial Results
Business Wire•22/10/2026•06:30 ET
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Key Highlights
- ➤Diluted earnings $2.53 per share, down from $2.96 year over year
- ➤Home sale revenues $3.9 billion, down 9% on 9% fewer closings
- ➤Home sale gross margin fell to 24.8% from 26.2%, including $26 million impairments
- ➤Net new orders fell 6% to 6,208 homes valued at $3.5 billion
- ➤Backlog increased 4% to 10,298 homes, valued at $6.4 billion
- ➤PulteGroup repurchased $350 million of common shares during the quarter
Expert Statements
Ryan Marshall, President and CEO of PulteGroup
“With homebuying demand increasingly pressured by rising mortgage rates, widespread inflation, and global unrest, we continue to benefit from our diversified operating platform and consistent strategies for delivering superior returns over the housing cycle.”
Ryan Marshall, President and CEO of PulteGroup
“With more than 60% of our business now comprised of more profitable move-up and active-adult homebuyers, our strong gross margins were instrumental to driving third quarter earnings of $2.53 per share.”
Ryan Marshall, President and CEO of PulteGroup
“The rapid increase in interest rates has stretched affordability even further, made selling an existing home even harder, and has pushed even more consumers to the sidelines.”
Ryan Marshall, President and CEO of PulteGroup
“Within this environment, we continue to appropriately balance the price and pace of home sales, align production accordingly, and remain disciplined in our allocation of capital.”
Closings of 6,876 Homes Generated Home Sale Revenues of $3.9 Billion
Net New Orders Totaled 6,208 Homes with a Value of $3.5 Billion
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