Latest Earnings Results: Q3 '26
Estimated EPS
$1.28
Reported EPS
$1.19
Surprise
-7.19%
Estimated Rev
$8.32B
Reported Rev
$8.05B
Surprise
-3.28%
• Reported GAAP EPS of $1.23 down -38.50% YoY • Reported revenue of $8.05B down -8.67% YoY • Lennar Corporation expects Q4 2026 new orders of 19.5K, deliveries of 22K, average sales prices of $370K, and gross margins of 15.5% to 16.0%.
Bullish Takeaway
Lennar Corporation demonstrated operational resilience through record-low cycle times, improved inventory management, and continued capital allocation discipline, while sustaining an efficient production strategy despite ongoing macro headwinds in the housing market.
Bearish Takeaway
Lennar Corporation faced declining delivery and order volumes alongside margin compression and significant mark-to-market losses on technology investments, reflecting a deteriorated and challenging market environment for the homebuilder this quarter.
Generated by Stocktwits using AI and company-reported earnings data for Q3 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
Q4 '26 | $2.02 | -- | -- | N/A |
Q3 '26 | $1.28 | $1.19 | -7.19% | MISSED |
Q2 '26 | $1.24 | $1.24 | 0.34% | BEAT |
Q1 '26 | $0.95 | $0.93 | -2.40% | MISSED |
Q4 '25 | $2.21 | $1.93 | -12.54% | MISSED |