PulteGroup (PHM) Earnings: Q3 2026 Results and Next Report Date
Last updated November 2026
Short answer
PulteGroup reported revenue of $4.0 billion for Q3 2026, down 10% from a year earlier (PulteGroup, Oct 22, 2026). Diluted EPS was $2.53, down 15% from $2.96. Homebuilding brought in $3,867 million, down 10%. PulteGroup next reports around January 28, 2027 (an estimated date). Every figure is from PulteGroup's release. Walnut is informational, not investment advice.
PHM Q3 2026 results
In one sentence
PulteGroup reported revenue of $4.0 billion for Q3 2026, down 10% from a year earlier (PulteGroup, Oct 22, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $3,974 million | $4,405 million | down 10% |
| Diluted EPS | $2.53 | $2.96 | down 15% |
| Net income | $476 million | $586 million | down 19% |
The quarter ended September 30, 2026 and PulteGroup published the results on October 22, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.
- PulteGroup prints its statements in thousands of dollars. The figures here are converted to millions and rounded to one decimal.
- PulteGroup does not report an adjusted EPS. Q3 2026 home sale gross margin includes $26 million of land impairments, which PulteGroup puts at about 70 basis points.
Source: PulteGroup Q3 2026 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
PHM revenue by segment
How PulteGroup splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Revenues by business | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Homebuilding | $3,867 million | $4,302 million | down 10% |
| Home sale revenues | $3,859 million | $4,248 million | down 9% |
| Land sale and other revenues | $7.8 million | $53.2 million | down 85% |
| Financial Services | $107 million | $103 million | up 4% |
- PulteGroup's Homebuilding revenue was $3.9 billion in Q3 2026, down 10% from $4.3 billion in Q3 2025, 97% of total revenue.
- PulteGroup's Financial Services revenue was $107 million in Q3 2026, up 4% from $103 million in Q3 2025, 3% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
PHM recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $3,974 million | $2.53 | Oct 22, 2026 |
Q2 2026 ended Jun 30, 2026 | $3,983 million | $2.48 | Jul 22, 2026 |
Q1 2026 ended Mar 31, 2026 | $3,409 million | $1.79 | Apr 23, 2026 |
Q4 2025 ended Dec 31, 2025 | $4,611 million | $2.56 | Jan 29, 2026 |
Q3 2025 ended Sep 30, 2025 | $4,405 million | $2.96 | Oct 21, 2025 |
GAAP total revenues and diluted EPS, each as first reported in that quarter's release, converted from thousands to millions. Q4 2025 EPS of $2.56 included a $0.31 charge tied to the intended divestiture of certain manufacturing assets.
When does PHM report earnings next?
PulteGroup's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.
Past PulteGroup quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Oct 22, 2026
What PulteGroup's revenue is made of
PulteGroup's revenue is almost all home sales. Of $3,973.8 million in Q3 2026 total revenues, home sale revenues were $3,859 million and land sale and other revenues under $8 million. The rest, $107 million, came from Financial Services, PulteGroup's mortgage banking, title and insurance agency operations, which arrange mortgages mainly for its own homebuyers. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-K, 2025, Feb 4, 2026)
Home sale revenues fell 9% because PulteGroup closed fewer homes: 6,876, against 7,529 a year earlier, at an average sales price of $561,000, down 1%. PulteGroup's 10-Q puts the lower closings down to challenging demand conditions, partly offset by a higher community count, and the lower price down to product and geographic mix, elevated sales incentives and efforts to cut spec inventory. The incentives are discounts, closing cost incentives and mortgage interest rate buydowns. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026)
Florida is PulteGroup's largest region by closings, with 1,904 homes in Q3 2026, followed by the Southeast (1,305), Midwest (1,197), West (1,118), Texas (989) and Northeast (363). The West had the largest drop, from 1,359 closings a year earlier. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)
PulteGroup sells under the Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods brands to three buyer groups: first-time, move-up and active adult. CEO Ryan Marshall said more than 60% of the business is now move-up and active-adult buyers. Single-family detached homes were 83% of PulteGroup's closings in 2025, when it closed 29,572 homes. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-K, 2025, Feb 4, 2026)
What PulteGroup's EPS includes
PulteGroup reports only GAAP EPS. Diluted EPS fell to $2.53 from $2.96 in Q3 2026, on net income of $476 million against $586 million. Home sale gross margin dropped to 24.8% from 26.2%, which PulteGroup's 10-Q attributes to pricing actions, including elevated sales incentives, and higher land acquisition and development costs. The quarter's margin includes $26 million of land impairments, about 70 basis points. SG&A was $397 million, or 10.3% of home sale revenues, against 9.4% a year earlier. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026)
Buybacks cut PulteGroup's share count. Diluted shares were 187,838 thousand, against 198,141 thousand a year earlier. PulteGroup repurchased 2.8 million shares for $350 million in Q3 2026, at an average of $124.70, and 8.4 million shares, or 4% of shares outstanding, for $1.0 billion over nine months. The effective tax rate was 23.9%, against 23.7% a year earlier. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at PulteGroup
PulteGroup's earnings release does not contain a numeric outlook for revenue, closings or EPS. Its 10-Q says PulteGroup expects sales incentives to remain elevated and the pace of house starts to stay dynamic, and expects incentives and higher land costs to keep weighing on gross margins over the near term. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026)
PulteGroup ended Q3 2026 with a backlog of 10,298 homes worth $6.4 billion, up from 9,888 homes worth $6.2 billion a year earlier. Net new orders were 6,208 homes, down 6%, with a value of $3.5 billion, and the cancellation rate was 16%, the same as a year earlier. (PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026)
A consensus figure is the average of the models published by the analysts who cover PulteGroup, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at PulteGroup
The figures below are the ones PulteGroup's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Home closings | 6,876 homes, down 9% Average sales price $561,000, down 1% |
| Home sale gross margin | 24.8%, against 26.2% a year earlier Includes $26 million of land impairments |
| Net new orders | 6,208 homes, down 6% Value $3.5 billion; cancellation rate 16% PulteGroup Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026 |
| Backlog | 10,298 homes, up 4% Value $6.4 billion, up 3% |
| Average community count | 1,077, up 7% |
| Lots under control | 224,275 at September 30, 2026 101,760 owned and 122,515 optioned; 55% held through option agreements PulteGroup Form 10-Q, Q3 2026, Oct 22, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning PHM is on is PHM a buy or a sell?, what analysts expect next is on the PHM forecast, and what the company does is on the PulteGroup (PHM) stock page.
How to check PHM's figures yourself
Every number on this page can be traced to a document PulteGroup published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about PulteGroup
Ask Walnut's AI anything about PHM and see how it fits what you own.
FAQ
What was PulteGroup's revenue last quarter?
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PulteGroup reported revenue of $3,974 million for Q3 2026, the quarter ended September 30, 2026, against $4,405 million in Q3 2025 (down 10%). The figures come from PulteGroup's results release of October 22, 2026.
When does PHM report earnings next?
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PulteGroup's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 2026 until those results are out and checked against the release.
Where does PulteGroup's revenue come from?
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PulteGroup's Homebuilding revenue was $3.9 billion in Q3 2026, down 10% from $4.3 billion in Q3 2025, 97% of total revenue. PulteGroup's Financial Services revenue was $107 million in Q3 2026, up 4% from $103 million in Q3 2025, 3% of total revenue. These are the lines of PulteGroup's own "revenues by business" table for Q3 2026.
How much did PulteGroup's revenue grow last quarter?
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Down 10% on the year: $3,974 million in Q3 2026 against $4,405 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in PulteGroup's business do not distort it.
Where do the PHM numbers on this page come from?
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From PulteGroup's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from PulteGroup's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.