PulteGroup, Inc. · PHM · Next earnings

PulteGroup, Inc. reports Thursday, Oct 22, 2026

PHM reports before market open with consensus EPS at $2.63 and revenue at $4.17B. Last quarter: PulteGroup Q2: Margins Rebound to 25%, Orders Up 6% as Spec Inventory Tightens

Reports Before market open32 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $2.63 Calendar consensus
Consensus revenue $4.17B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session Before market open 32 days away

Where PHM left off: FY2026 Q2

Full report

PulteGroup Q2: Margins Rebound to 25%, Orders Up 6% as Spec Inventory Tightens

EPS surprise +5.1% Reported $2.48 vs $2.36
Revenue surprise +1.0% Reported $3.98B vs $3.94B
Stock move +2.0% Event window
Subsequent drift +1.7% Up to 20 sessions

Full-year guidance for closings, average sales price, and gross margin was reaffirmed, consistent with the maintained guidance stance from Q1. Management's guidance sentiment remained 'maintained' with no upward or downward revision.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Macroeconomic uncertainty including interest-rate volatility and global tensions could dampen housing demand.
  • Potential loss of lumber and commodity cost tailwinds if input prices rise.
  • Elevated incentive environment could pressure margins if demand softens unexpectedly.
  • Seasonal demand variability and regional softness, especially in the West.
  • Execution risk surrounding the transition to a higher build-to-order mix.

Questions analysts left open

  • Stabilization of demand across geographies and whether order growth is sustainable.
  • Sequential changes in gross margin and incentive levels and their trajectory.
  • Community count growth versus management guidance.
  • Impact of commodity price inflation on future cost structure.
  • M&A pipeline and valuation of potential tuck-in acquisition targets.

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Recent PHM quarters

All PHM earnings
+2.0%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.