Quarterly ResultJul 31, 2026, 04:42 PM
Meritage Homes Q2 Net Earnings $90.6M, Revenue $1.40B
AI Summary
Meritage Homes reported a decrease in net earnings and total closing revenue for both the three and six months ended June 30, 2026, compared to the prior year. Net earnings for Q2 2026 were $90.6 million on total closing revenue of $1.40 billion. Despite the decline in profitability, the company saw a significant improvement in net cash provided by operating activities, reaching $290.8 million for the six-month period, and increased share repurchases to $230.0 million.
Key Highlights
- Q2 2026 Net Earnings: $90.6 million, down from $146.9 million in Q2 2025.
- Q2 2026 Total Closing Revenue: $1.40 billion, down from $1.62 billion in Q2 2025.
- Six-month 2026 Net Earnings: $145.9 million, down from $269.7 million in 2025.
- Six-month 2026 Net Cash from Operations: $290.8 million, up from $(28.9) million in 2025.
- Share Repurchases (six months): $230.0 million in 2026, up from $90.0 million in 2025.
- Diluted EPS (Q2 2026): $1.37, down from $2.04 in Q2 2025.
Price Impact
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