LEN
Lennar Corporation
LEN Q3 2026 earnings
Published Sep 16, 2026
AI summary
- Revenue $8.05B missed the $8.37B consensus by 3.9%, down 8.7% from $8.81B a year ago.
- Adjusted EPS $1.23, down from $2.00 a year ago.
- Third quarter net earnings were $284 million, down from $591 million in the same period last year.
- Total revenues for the quarter were $8.0 billion, compared to $8.8 billion in the prior year.
- New home orders fell 9% to 20,879 homes, while deliveries decreased 3% to 20,840 homes.
Results vs analyst consensus
Revenue
Reported
$8.05B
Consensus $8.37B
Missed by $325M−8.7% YoY
Adjusted EPS
Reported · excluding mark-to-market losses on technology investments and one-time items in the Company's Financial Services segment
$1.23
Consensus not captured before release
GAAP EPS: $1.19
Consensus: Yahoo Finance · Q3 2026 · revenue estimates as of Sep 16, 2026
Revenue display rounded; difference uses exact result.
Next quarter outlook
No guidance in this release.
What to watch
- The company reported mark-to-market losses of $53 million on technology investments.
- Operating earnings were impacted by higher interest rates and declining consumer confidence.
- Gross margins on home sales decreased to 15.8% from 17.5% in the prior year.
Read original report
Source: Lennar Corporation press release · SEC Form 8-K exhibit 99.1