Quarterly ResultApr 28, 2026, 08:26 AM
LGIH Q1 Revenue $319.7M; Adj Gross Margin 23.4%; Raises FY26 Margin Guidance
AI Summary
LGI Homes, Inc. reported strong first-quarter 2026 financial results, with home sales revenues reaching $319.7 million and an adjusted gross margin of 23.4%, exceeding previous guidance. The company delivered 881 home closings at an average sales price of $362,924, a nearly 3% increase. Based on this performance, LGIH raised its full-year 2026 gross margin and adjusted gross margin guidance, while reiterating other outlook items.
Key Highlights
- Q1 2026 home sales revenues: $319.7 million.
- Q1 2026 home closings: 881.
- Q1 2026 average sales price per home closed: $362,924, up nearly 3%.
- Q1 2026 adjusted gross margin: 23.4%, exceeding previous guidance.
- Q1 2026 net income: $2.2 million; diluted EPS: $0.09.
- Backlog at quarter-end: 1,699 homes, up 63.4% year-over-year.
- Full-year 2026 adjusted gross margin guidance raised to 22.0%-24.0%.
- Full-year 2026 home closings guidance reiterated at 4,600-5,400.