PulteGroup Q2 Earnings Call Highlights

• The Lock-In Effect Is Real—These 3 Homebuilders Are Betting connected It

PulteGroup (NYSE:PHM) reported higher second-quarter orders and reaffirmed its full-year transportation and borderline outlook, adjacent arsenic gross and net declined from a twelvemonth earlier amid less closings and a little mean income price.

On the company's net telephone for the 4th ended June 30, 2026, President and CEO Ryan Marshall said helium was "extremely pleased" with PulteGroup's operating and fiscal results for some the 4th and the archetypal fractional of the year. He pointed to bid maturation crossed each purchaser groups, reduced incentives from the archetypal 4th and continued advancement shifting the concern backmost toward build-to-order sales.

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• Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?

Second-quarter nett caller orders roseate 6% twelvemonth implicit twelvemonth to 7,536 homes, portion the worth of orders accrued 5% to $4.1 billion, according to Executive Vice President and CFO Jim Ossowski. Orders accrued crossed first-time, move-up and progressive big purchaser segments, rising 5%, 4% and 12%, respectively.

Orders Rise, While Revenue and EPS Decline

PulteGroup generated location merchantability gross of $3.8 cardinal successful the 2nd quarter, down from $4.3 cardinal successful the prior-year period. Ossowski said the diminution reflected an 8% alteration successful closings to 6,997 homes and a 3% alteration successful mean income terms to $544,000.

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• Homebuilder Earnings: D.R. Horton Sticks Out arsenic Pulte & NVR Sales Tank

Ossowski said premix was a meaningful origin successful the little mean selling price, arsenic the institution had less closings from its Northeast and West operations, which helium described arsenic PulteGroup's 2 highest-priced operating geographies.

The institution reported pretax income of $622 cardinal and nett income of $472 million, oregon $2.48 per share. That compared with nett income of $608 million, oregon $3.03 per share, successful the 2nd 4th of 2025. Diluted shares outstanding fell by 10 cardinal shares, oregon 5%, from the anterior twelvemonth to 191 million, and the institution repurchased 3.1 cardinal shares for $373 cardinal during the quarter.