Lennar FY26 Q2 net earnings drop 36.1% to $304.8 million; home sales revenue falls 2% to $7.6 billion

Lennar Corporation Class A

Lennar Corporation Class A

LEN

0.00
  • Lennar fiscal Q2 net earnings attributable to shareholders fell 36.1% to USD 304.8 million, or USD 1.24 per diluted share.
  • Revenue from home sales slipped 2% to USD 7.6 billion, as average sales price fell 5% to USD 371,000 despite deliveries rising 2% to 20,519.
  • Home sales gross margin narrowed to 15.6% from 17.8%, while SG&A rose to 9.2% of home sales revenue from 8.8%.
  • Financial Services operating earnings dropped to USD 101.1 million from USD 157.3 million, driven by lower profit per locked loan.
  • Forecasts Q3 new orders of 21,000-22,000 homes, deliveries of 20,500-21,500, gross margin of about 16% with mortgage rates in the mid-to-upper 6% range.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lennar Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-046019), on June 29, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.