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Thursday, October 22, 2026
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PulteGroup GAAP EPS of $2.53 misses by $0.09, revenue of $3.98B misses by $170M

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Manshi Mamtora

  • PulteGroup press release (PHM): Q3 GAAP EPS of $2.53 misses by $0.09.
  • Revenue of $3.98B (-9.5% Y/Y) misses by $170M.

  • Home sale gross margin declined to 24.8% from 26.2%, including $26M in land impairments, equivalent to approximately 70 basis points.

  • Home closings fell 9% to 6,876, while the average selling price declined 1% to $561,000.

  • Net new orders decreased 6% to 6,208 homes, valued at $3.5B. Average community count increased 7% to 1,077.

  • Backlog increased 4% to 10,298 homes, with backlog value rising 3% to $6.4B.

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