PulteGroup reported second-quarter 2026 results with adjusted earnings and total revenue surpassing estimates, even as home sale revenues and deliveries fell year over year. The 6.4% rise in net new home orders and a backlog of 10,966 homes, up 1.7%, point to resilient demand despite ongoing housing-market pressures. The company also announced an expansion into Northwest Florida and a new Florida Panhandle Division, which ties into its land-light growth strategy in high-migration regions. PulteGroup's narrative projects $17.7 billion revenue and $2.2 billion earnings by 2028, implying a 0.0% yearly revenue decline and a $0.5 billion earnings decrease from $2.7 billion today. Consensus expects moderate growth, but the most pessimistic analysts assume only about 1.9% annual revenue growth and $2.4 billion in earnings by 2029.
PulteGroup IncNet new home orders rose 6.4% and backlog increased 1.7%, indicating resilient demand.
