Lennar Q2 FY26 Earnings: Revenue Miss and Weak Guidance
Lennar reported Q2 FY26 revenue of $7.9B, missing the $8.02B estimate. Adjusted EPS was in line at $1.24, but Q3 deliveries and new orders guidance fell short, signaling soft demand.
LEN
Homebuilder Lennar posted fiscal Q2 2026 results that missed revenue expectations. Revenue came in at $7.9 billion against a consensus of $8.02 billion, while adjusted EPS met estimates at $1.24. On a year-over-year basis, EPS dropped from $1.81 to $1.24.
Forward guidance disappointed: Q3 deliveries are projected at 20,500–21,500 units (vs. 22,271 expected), and Q3 new orders are seen at 21,000–22,000 (vs. 22,547 expected). For the full fiscal year, Lennar expects deliveries of 82,000–83,000 units, below the 83,580 consensus.
Source: First Squawk