PulteGroup reported second-quarter 2026 net income of $472.0 million, or $2.48 diluted earnings per share, on home sale revenues of $3.81 billion for the quarter ended June 30, 2026. Home sale gross margin was 25.0% and total revenues were $3.98 billion for the quarter. The company repurchased $373 million of common shares during the quarter and ended the period with $1.38 billion in cash and equivalents.
Financial Highlights
- Net income: $472,003 (thousands) for the three months ended June 30, 2026.
- Diluted earnings per share: $2.48 for the quarter; basic EPS $2.49.
- Home sale revenues: $3,807,097 (thousands) for the quarter; total revenues: $3,982,957 (thousands).
- Home sale gross margin: 25.0% for the quarter (home sale cost of revenues $2,856,634 (thousands)).
- Cash and equivalents: $1,335,709 (thousands) and total cash, cash equivalents, and restricted cash: $1,377,342 (thousands) at June 30, 2026.
Business Highlights
- Closings: 6,997 homes closed in Q2 2026, with an average selling price of $544,000.
- Net new orders: Increased 6% year-over-year to 7,536 homes in the quarter, with order value of $4.08 billion.
- Backlog: Unit backlog increased to 10,966 homes with a backlog value of $6.80 billion at quarter end.
- Financial services: Reported pre-tax income of $37 million for the quarter with a mortgage capture rate of 85%.
- Share repurchases: Repurchased 3.1 million common shares for $373 million during the quarter (average price $119.42); year-to-date repurchases of 5.5 million shares for $681 million.
Original SEC Filing:
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