Lennar reports Q2 2026 earnings of $1.24 per share
Net earnings of $305 million, new orders down 4% to 21,749 homes, deliveries up 2% to 20,519 homes.
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Homebuilder of new residential communities
lennar.comLast updated
In short: Lennar reported mixed fiscal 2026 results and a 56% profit drop as it navigated high mortgage rates through a strategy of high sales incentives.
Net earnings of $305 million, new orders down 4% to 21,749 homes, deliveries up 2% to 20,519 homes.
Both previously served as Area Presidents and bring 30 years of experience each.
The company will release earnings after market close on June 11 and host a conference call at 11 a.m. ET.
Plans include over 40 new communities in six states, welcoming 3,900 homeowners with luxury townhomes and single-family homes.
LEN is keeping home deliveries steady through incentives and pricing moves, but falling sales prices and margins leave 2026 hinging on execution.
Other valuation measures also point to a statistically inexpensive stock. LEN trades near 1.02X book value and 0.66X forward sales. D.R. Horton DHI and PulteGroup...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may...
In a report released today, Ryan Gilbert from BTIG reiterated a Sell rating on Lennar, with a price target of $67.00. Claim 55% Off TipRanks...
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