Quarterly ResultJun 11, 2026, 04:52 PM
Lennar Q2 Earnings $305M; Revenue $7.9B; Deliveries Up 2%
AI Summary
Lennar Corporation reported its second quarter 2026 results, with net earnings of $305 million ($1.24 per diluted share), or $322 million ($1.31 per diluted share) excluding certain losses. Total revenues decreased to $7.9 billion from $8.38 billion in the prior year. While home deliveries saw a slight increase of 2% to 20,519 homes, new orders declined by 4% to 21,749 homes. The company also repurchased $447 million of its stock during the quarter. Management cited persistent headwinds in the housing market, including elevated mortgage rates and affordability challenges.
Key Highlights
- Lennar reported Q2 2026 net earnings of $305 million, or $1.24 per diluted share.
- Excluding mark-to-market losses, Q2 2026 net earnings were $322 million, or $1.31 per diluted share.
- Total revenues for Q2 2026 were $7.9 billion, a decrease from $8.38 billion in Q2 2025.
- Home deliveries increased 2% year over year to 20,519 homes.
- New orders decreased 4% year over year to 21,749 homes.
- Homebuilding operating earnings were $489 million, down from $728 million in Q2 2025.
- Financial Services operating earnings were $100 million, down from $157 million in Q2 2025.
- Lennar repurchased 5 million shares of common stock for $447 million in Q2 2026.
Price Impact
More from LEN