Earnings Call
Apr 23, 2026
Q1 FY2026
EPS Estimate
1.80
EPS Actual
1.79
Post-Earnings Close
$130.64
Earnings Reaction
+2.4%
PulteGroup's first quarter came in essentially in line with expectations despite a progressively more turbulent operating environment, with EPS of $1.79 on $3.3 billion in home sale revenues and a 24.4% gross margin. The headline numbers represent a meaningful step down from the prior year, closings fell 7% to 6,102 homes, average sales price declined 5% to $542,000, and gross margin compressed roughly 310 basis points, but management's tone was notably constructive given the macro backdrop, and the full-year guide was reaffirmed across all key metrics.
Report generated on Apr 24, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
Read the full PHM analysis
The complete report, with key themes, analyst Q&A summary, notable quotes, and market context — is free with an account. No password, no card.