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PHM|EPS $1.79 vs $1.84 est (-2.7%)|Rev $3.41B|Net Income $347.0MPulteGroup, Inc. reported first quarter 2026 diluted earnings of $1.79 per share, missing the $1.84 consensus estimate by 2.7%. The homebuilder generated $3.41B in revenue for the quarter, down 12.4% from the $3.89B recorded in Q1 2025, as the company navigated a shifting housing market environment.
The Michigan-based homebuilder earned $347.0M in net income for the quarter. Earnings per share of $1.79 represented a sharp 30.4% decrease compared to $2.57 a year ago, reflecting the challenging conditions facing the residential construction sector. The company recorded net new orders of 8,034 units during the three-month period.
PulteGroup operated 1,043 communities at quarter end as it continues to maintain its footprint across markets nationwide. The company builds homes through its Pulte Homes, Centex, and Del Webb brands, serving first-time, move-up, and active adult buyers throughout the United States.
Wall Street sentiment on the stock remains mixed, with analyst consensus standing at 10 buy, 9 hold, and 1 sell ratings. The year-over-year revenue decline of 12.4% underscores the headwinds confronting homebuilders as they balance affordability concerns with operational execution.
A detailed analysis of PulteGroup, Inc.’s quarter follows shortly on AlphaStreet.
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