Short answer
PulteGroup (PHM) filed its Q1 2026 10-Q quarterly report on Apr 23, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $3.4B (down 12.4% year over year) with net income of $347M.
Q1 2026 key financials · XBRL
- Revenue
- $3.4B
- −12.4% YoY
- Net income
- $347M
- −33.6% YoY
- EPS (diluted)
- $1.79
- −30.4% YoY
Source: XBRL data from the PulteGroup (PHM) Q1 2026 10-Q on SEC EDGAR. USD.
PulteGroup Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Homebuilding revenue $3.34B, down 12% YoY; net income $347.0M vs $522.8M
- Home-sale gross margin 24.4% vs 27.5%; SG&A margin 11.5% vs 10.5%
- Best segment Florida: $1.30B net orders, up 20%; worst Texas: pretax income $20.9M, down 59%
- Cash $1.8B; revolving capacity $1.4B; share repurchases $308.2M and dividends $50.2M
- Near-term headwinds: elevated rates, affordability, incentives, higher land costs; incentives expected to remain elevated
Risk Factors
- Risk Factors section not provided in the submitted filing text
- Repurchase authorization exposure: $674.7 million remained available as of March 31, 2026
- Credit risk: Fourth Amended and Restated Credit Agreement dated February 4, 2026
- Mortgage financing risk: Master Repurchase Agreement amended April 8, 2026
- Equity-market liquidity use: 2,419,132 shares repurchased during the quarter averaging $127.39 per share
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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