PulteGroup Q1 earnings fall to $1.79 EPS; board adds $1.5B to buyback

PULTEGROUP INC/MI/

2026-Q1 EPS reported $1.79 revenue$3,408,572,000

Net income $347M ($1.79 EPS) vs $523M ($2.57 EPS) in Q1 2025; revenue down 12% to $3.3B.
Home sale gross margin 24.4% vs 27.5% a year ago; average sales price $542K (-5% YoY).
Net new orders up 3% to 8,034 homes valued at $4.6B; backlog 10,427 homes worth $6.5B.
Board approved $1.5B increase to share repurchase authorization, bringing total to $2.1B.
Repurchased $308M of common shares in Q1; ended quarter with $1.8B cash and 12.3% debt-to-capital.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PULTEGROUP INC/MI/ reported first quarter ended March 31, 2026 results: revenue $3.3 billion, net income $347 million, EPS $1.79 per share.

Period: first quarter ended March 31, 2026
Revenue: $3.3 billion
Net income: $347 million
EPS: $1.79 per share
Result: reported results

Exact text from the filing

FINANCIAL RESULTS • Earnings of $1.79 Per Share • Net New Orders Increased 3% to 8,034 Homes with a Value of $4.6 Billion • Closed 6,102 Homes Generating Home Sale Revenues of $3.3 Billion • Home Sale Gross Margin of 24.4% • Unit Backlog of 10,427 Homes with a Value of $6.5 Billion • Repurchased $308 Million of Common Shares • Board Approves $1.5 Billion Increase

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