PulteGroup

Q2 FY2026 EarningsQ2 FY2026 home sale revenues reached $3.8B, down 11% YoY, driven by an 8% decrease in closings and a 3% decline in ASP to $544K. Net new orders increased 6% YoY to 7,536 units, signaling stabilizing demand despite macroeconomic headwinds. Home sale gross margin moderated to 25.0% from 27.0% YoY, though it improved 60bps QoQ. Diluted EPS was $2.48, down from $3.03 YoY, while the company maintained a robust balance sheet with a 12.3% debt-to-capital ratio and $373M in share repurchases.