Pultegroup (PHM)
NYSE:PHM
Want to see PHM full AI Analyst Report?
Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.39Last Year’s EPS
3.03Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a balanced but overall constructive picture: management demonstrated strong operational discipline (reduced finished spec inventory, progress toward higher build-to-order mix), maintained a substantial land pipeline, preserved strong liquidity (net debt effectively zero) and prioritized shareholder returns through buybacks and dividends. Offsetting these positives were near-term margin pressures driven by elevated incentives (10.9% of sales price), year-over-year declines in revenue and EPS, weaker Financial Services results, and some remaining spec exposure and land impairments. Management reaffirmed full-year guidance and communicated a path for margin recovery in the back half of the year.Company Guidance
Strong liquidity, low net leverage and capital returns
Ended Q1 with $1.8 billion in cash and a net debt-to-capital ratio effectively zero; repurchased 2.4 million shares for $308 million in Q1 and announced an additional $1.5 billion share repurchase authorization (total availability $2.1 billion); returned $360 million to shareholders in the quarter through repurchases and dividends.
Order growth and community expansion
Net new orders increased 3% year-over-year to 8,034 homes worth $4.6 billion; average community count rose 9% to 1,043 communities; backlog at quarter end was 10,427 homes valued at $6.5 billion.
Progress toward build-to-order mix and inventory control
Build-to-order homes accounted for 43% of net new orders (up from 40% a year ago); finished spec inventory reduced by ~24% (down nearly 500 homes) over the past 90 days to an average of 1.4 finished specs per community (inside target range of 1.0–1.5).
Strong performance in Florida and select markets
Orders in Florida grew 18% year-over-year, contributing materially to net new orders growth; management highlighted improving new and existing inventory dynamics in Florida and strong local land positions and leadership teams.
Solid operating profitability and reaffirmed guidance
Reported Q1 gross margin of 24.4% and Q1 EPS of $1.79; management reaffirmed full-year guidance including closings of 28,500–29,000 homes and full-year ASP guidance of $550,000–$560,000, and gross margin guidance of 24.5%–25% (likely toward lower end).
Investing in land pipeline
Invested $1.3 billion in land acquisition and development in Q1 (split evenly between acquisition and development); control approximately 229,000 lots (including ~35,000 owned and finished lots) to support future growth.
Construction cost improvements
House costs declined 5% year-over-year to $75 per square foot, led by lower lumber prices and procurement savings across building products and services; company expects house costs to be flat to slightly down for the remainder of the year.
Customer satisfaction and culture recognition
Net Promoter Score (measured one year after delivery) rose to 65, placing the company alongside high-service consumer brands; company ranked among Fortune 100 Best Companies to Work For for the sixth consecutive year.
PHM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PHM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $127.56 | $130.64 | +2.41% |
Jan 29, 2026 | $123.01 | $126.99 | +3.24% |
Oct 21, 2025 | $122.75 | $122.75 | 0.00% |
Jul 22, 2025 | $108.02 | $120.47 | +11.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pultegroup (PHM) report earnings?
Pultegroup (PHM) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Pultegroup (PHM) earnings time?
Pultegroup (PHM) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHM EPS forecast?
PHM EPS forecast for the fiscal quarter 2026 (Q2) is 2.39.