PulteGroup IncPHM
± MixedDemandrelevance
Orders rose 6% but revenue and closings fell; guidance reaffirmed, mixed signals.
Impact on stocks 1
Consumer Discretionary
PulteGroup IncPulteGroup reported a 6% year-over-year increase in second-quarter net new orders to 7,536 homes, even as revenue and earnings declined. Home sale revenue fell to $3.8 billion from $4.3 billion a year earlier, reflecting an 8% drop in closings to 6,997 homes and a 3% decrease in average sales price to $544,000. Homebuilding gross margin held at 25%, up 60 basis points sequentially, while incentives eased to 10.4% from 10.9% in the first quarter. The company reaffirmed its full-year 2026 guidance, including 28,500 to 29,000 home closings and a gross margin of 24.5% to 25.0%, and said it continues to shift toward build-to-order sales and invest heavily in land.
PulteGroup IncOrders rose 6% but revenue and closings fell; guidance reaffirmed, mixed signals.