Skip to content
AnalystLens

Pultegroup 8-K Report, Financial Results (Oct 22, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 22, 2026
Period End
October 22, 2026
Security
PHM
In the record · 2016–202610-K1110-Q338-K109

PHM filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 109 current reports (8-K) between 2016 and 2026.

  1. Impairment8-K · May ’17May ’17
  2. Leadership change8-K · Mar ’19Mar ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Material agreement8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed October 22, 2026. Cited figures are marked; the original filing is the authoritative source.

PulteGroup, Inc. (NYSE: PHM) filed an 8-K on October 22, 2026, furnishing its third quarter 2026 earnings press release (Exhibit 99.1) under Item 2.02.

For the quarter ended September 30, 2026, the company reported net income of $476 milliona, or $2.53 per diluted share, compared with $586 million, or $2.96 per share, in the prior year period. Home sale revenues were $3.9 billion, down 9% from $4.2 billion, on a 9% decrease in closings to 6,876 homes. Home sale gross margin was 24.8%, compared with 26.2% a year earlier, and the company stated that the margin included $26 million, or approximately 70 basis points, of land impairments.

Orders and backlog were mixed. Net new orders totaled 6,208 homes, down 6% from 6,638, with a value of $3.5 billionb. Ending unit backlog rose 4% to 10,298 homes, and backlog value rose 3% to $6.4 billion.

Management attributed pressure on demand to rising mortgage rates, inflation and global unrest, and said it is balancing price and pace of sales and aligning production accordingly. Financial services pre-tax income was $46 millionc, comparable with the prior year.

On capital allocation, PulteGroup repurchased $350 milliond of common shares in the quarter and $1.0 billion through the first nine months. The company ended the quarter with $1.4 billion in cash and a debt-to-capital ratio of 12%, versus 11.2% at December 31, 2025, and reported a net debt position of $400.9 million at September 30, 2026.

02—Key points

Key Highlights

  1. Diluted EPS of $2.53 for Q3 2026, versus $2.96 in Q3 2025; net income of $476 million versus $586 million.
  2. Home sale revenues of $3.9 billion, down 9%, on 6,876 closings (down 9%) at an average sales price of $561,000 (down 1%).
  3. Home sale gross margin of 24.8%, versus 26.2% in the prior year period, including $26 million of land impairments.
  4. Net new orders of 6,208 homes (down 6%) worth $3.5 billion; unit backlog up 4% to 10,298 homes and backlog value up 3% to $6.4 billion.
  5. Repurchased $350 million of shares in Q3 (2.8 million shares at an average $124.70) and $1.0 billion year to date.
  6. Ended the quarter with $1.4 billion of cash and a debt-to-capital ratio of 12.1%, up from 11.2% at year-end 2025.
  7. Mortgage capture rate of 85%, up from 84%; financial services pre-tax income of $46 million, comparable year over year.

03—Questions

Frequently Asked Questions

  1. How did PulteGroup's third quarter 2026 earnings compare with the prior year?

    Net income was $476 million, or $2.53 per diluted share, compared with $586 million, or $2.96 per share, in the third quarter of 2025. Total revenues were $3.97 billion, versus $4.40 billion a year earlier.

  2. Why did home sale revenues and gross margin decline?

    Home sale revenues fell 9% to $3.9 billion, reflecting a 9% decrease in closings to 6,876 homes, partly offset by a 1% decrease in the average sales price to $561,000. Home sale gross margin fell to 24.8% from 26.2%, and the company noted $26 million of land impairments in the period.

  3. What is the company's order and backlog trend?

    Net new orders fell 6% to 6,208 homes, valued at $3.5 billion. Even so, unit backlog rose 4% to 10,298 homes and backlog value rose 3% to $6.4 billion. Management cited rising mortgage rates and affordability pressure as headwinds.

  4. How much did PulteGroup return to shareholders and how strong is its balance sheet?

    The company repurchased $350 million of common shares in the quarter and $1.0 billion through nine months. It ended the quarter with $1.4 billion of cash, a debt-to-capital ratio of 12.1% (11.2% at December 31, 2025), and a net debt position of $400.9 million.

  5. What did management say about the market outlook?

    CEO Ryan Marshall said rising interest rates have stretched affordability, made selling an existing home harder, and pushed more consumers to the sidelines. He said the company will continue to balance price and pace of home sales, align production accordingly, and remain disciplined in capital allocation.

04—Continue

← View all 8-K filings