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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for PulteGroup (PHM) is 2/10.
PulteGroup reported Q1 home sale revenues of $3.3 billion, down 12%, with EPS of $1.79 versus $2.57 a year earlier. Gross margin declined to 24.4% on a 10.9% incentive load. Orders grew 3% driven by 18% Florida growth. The build-to-order mix was improving to 43% of orders, but the transition depressed near-term cash flow. House costs declined 5% year-over-year to $75 per square foot. FY2026 guidance was reaffirmed with margins likely at the lower end. The K-shaped economy persisted with first-time buyers most challenged.
Scored from PulteGroup’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.92B | +14.6% | $4.43 | +35.1% | 23.5% | 18.6% | $543M |
| FY2025 Q1 | $3.89B | -1.4% | $2.57 | -17.1% | 17.3% | 13.4% | $105M |
| FY2025 Q2 | $4.40B | -4.3% | $3.03 | -20.9% | 18.3% | 13.8% | $253M |
| FY2025 Q3 | $4.40B | -1.6% | $2.96 | -11.6% | 17.3% | 13.3% | $651M |
| FY2025 Q4 | $4.61B | -6.3% | $2.56 | -42.2% | 16.3% | 10.9% | $740M |
| FY2026 Q1 | $3.41B | -12.4% | $1.79 | -30.4% | 12.9% | 10.2% | $134,355 |
| FY2026 Q2 | $3.98B | -9.6% | $2.43 | -19.8% | 11.1% | 11.9% | $-12,850 |