Lennar FY26 Q1 net earnings drop 56% to $229.4 million; revenue falls 13% to $6.3 billion

Reuters04-09 20:56
Lennar FY26 Q1 net earnings drop 56% to $229.4 million; revenue falls 13% to $6.3 billion
  • Lennar fiscal first-quarter net earnings attributable to shareholders tumbled 55.8% to $229.4 million, or $0.93 per diluted share.
  • Revenue slid 13.2% to $6.6 billion.
  • Gross margin on home sales narrowed 3.5 percentage points to 15.2%.
  • Home deliveries fell 5.4% to 16,863, while average sales price declined 8.3% to $374,000 due to increased use of sales incentives.
  • Second-quarter outlook calls for new orders of 21,000-22,000 homes, deliveries of 20,000-21,000, average sales price of $370,000-$375,000, gross margin of 15.5%-16%, and SG&A of 8.9%-9.1%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lennar Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-024352), on April 09, 2026, and is solely responsible for the information contained therein.

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