Quarterly ResultJun 29, 2026, 04:43 PM
Lennar Q2 EPS $1.24, Net Earnings $304.8M; Revenue $7.94B
AI Summary
Lennar reported Q2 net earnings attributable to Lennar of $304.8 million, or $1.24 per diluted share, a decrease from $477.4 million, or $1.81 per diluted share, in the prior year. Total revenues for the quarter were $7.94 billion, down from $8.38 billion. For the six months, net earnings were $534.2 million, or $2.17 per diluted share, on revenues of $14.56 billion. The company saw improved cash flow from operations and increased cash and cash equivalents.
Key Highlights
- Q2 net earnings attributable to Lennar decreased 36.1% to $304.8 million.
- Q2 diluted earnings per share fell 31.5% to $1.24.
- Q2 total revenues decreased 5.2% to $7.94 billion.
- Homebuilding revenues for Q2 were $7.62 billion, down 2.9% year-over-year.
- Financial Services revenues for Q2 were $236.9 million, a 20.5% decrease.
- Multifamily segment reported Q2 earnings before income taxes of $18.3 million, up from a loss.
- Net cash used in operating activities for the six months improved to $(717.9) million.
- Cash and cash equivalents and restricted cash increased to $2.17 billion at period end.
Price Impact
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