---
schema_version: "secwatch.filing_event.v1"
accession: "0000822416-26-000021"
form_type: "8-K"
ticker: "PHM"
cik: "0000822416"
company_name: "PULTEGROUP INC/MI/"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:44:38.598433+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000822416-26-000021
- form_type: 8-K
- ticker: PHM
- cik: 0000822416
- company_name: PULTEGROUP INC/MI/
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/822416/000082241626000021/0000822416-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/822416/000082241626000021/phm-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000822416-26-000021
- JSON: https://secwatch.observer/filing/0000822416-26-000021.json
- Plain text: https://secwatch.observer/filing/0000822416-26-000021.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/822416/000082241626000021/0000822416-26-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.