Quarterly ResultAug 4, 2026, 09:02 AM
LGI Homes Q2 Revenue $516M; Raises FY26 Gross Margin & ASP Guidance
AI Summary
LGI Homes, Inc. reported strong second quarter 2026 financial results, exceeding expectations with total revenues of $516.0 million and home closings increasing 8.8% year-over-year to 1,440. The company achieved a homebuilding gross margin of 19.8% and significantly strengthened its balance sheet by reducing debt by $128.6 million. Based on this outperformance, LGI Homes raised its full-year 2026 guidance for homebuilding gross margin to 19.0%-21.0% and average sales price per home closed to $360,000-$370,000.
Key Highlights
- Q2 2026 homebuilding revenues reached $501.5 million, a 3.7% increase year-over-year.
- Total home closings in Q2 2026 were 1,440, an 8.8% increase compared to the prior year.
- Diluted EPS for Q2 2026 was $1.16.
- Homebuilding gross margin for Q2 2026 stood at 19.8%.
- Full-year 2026 homebuilding gross margin guidance raised to 19.0%-21.0%.
- Full-year 2026 average sales price guidance raised to $360,000-$370,000.
- Reduced debt by $128.6 million, ending Q2 with a debt-to-capital ratio of 42.6%.
- Ended Q2 with 151 active communities, a 3.4% increase year-over-year.
Price Impact
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