PulteGroup delivered a resilient Q1 2026 with 3% order growth, robust margins, and disciplined inventory management amid a challenging macro environment.

• Achieved $3.3 billion in home sale revenues with 24.4% gross margins and EPS of $1.79, supported by strategic land investments and capital returns.
• Increased net new orders by 3% to over 8,000 homes, driven by an 18% order surge in Florida and a shift toward build-to-order homes now representing 43% of orders.
• Maintained strong liquidity with $1.8 billion cash and a near-zero net debt-to-capital ratio, while controlling finished spec inventory within target levels.
• Total community count grew 9% to over 1,040, enabling efficient demand capture and inventory turnover; starts amounted to 6,500 homes against 8,000 orders.
• Focused on maintaining diversification across segments, with a balanced approach to incentives (10.9% of gross sales price) and demand nuances across buyer groups in a K-shaped economic environment.