PulteGroup FY26 Q2 net income drops 22.4% to $472 million; home sale revenue falls 11% to $3.8 billion

Reuters2026/07/22 10:32

By:Reuters

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PulteGroup posted Q2 net income of USD 472 million, down from USD 608 million a year earlier; diluted EPS fell to USD 2.48.
Home sale revenues dropped 11% from a year earlier to USD 3.8 billion, reflecting 6,997 closings and an average sales price of USD 544,000.
Home sale gross margin narrowed to 25.0% from 27.0% a year earlier; SG&A rose to 10.1% of home sale revenues from 9.1%.
Net new orders increased 6% to 7,536 homes, with order value up 5% to USD 4.1 billion; average community count rose 8% to 1,074.
Backlog ended at 10,966 homes, up 2%, while backlog value slipped 1% to USD 6.8 billion; share repurchases totaled USD 373 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PulteGroup Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260722370713) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PulteGroup FY26 Q2 net income drops 22.4% to $472 million; home sale revenue falls 11% to $3.8 billion

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