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Lennar LEN Q1 2026 earnings

Reported March 12, 2026 · After market close

Revenue$6.6BMiss by $216.8M
EPS$0.93Miss by $0.02
Revenue estimate$6.8B
EPS estimate$0.95

Next report

Sep 17, 2026 (In 2 weeks)
Revenue estimate$8.3B
EPS estimate$1.30

Financials

Q1 2026

Income statement

See full
Revenue$6.6B-13.3%
Net income$229.4M-55.8%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation & ratios

Valuation

as of 02/28/26
See full
Market cap$28.25B-10.7%
Enterprise value$26.1B-10.9%
P/E15.8×+7.3×
P/S0.9×0.0×

Profitability

See full
Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

See full
Return on equity8%-7.1pp
Debt / equity0×0.0×

Segments

By segment

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West$2.3B-22.1%
East$1.5B-9.3%
Central$1.3B-12.1%
South Central$1.2B—
Lennar Financial Services$215.6M—

By product

See full
General Contractor Services$53.2M+74.9%
Land$15.2M-57.1%
Management Fee$2.8M-59.0%

FAQ

When did Lennar report Q1 2026 earnings?
Lennar (LEN) reported Q1 2026 earnings on March 12, 2026 after market close.
What were Lennar's Q1 2026 revenue and EPS?
Lennar reported revenue of $6.6B and eps of $0.93 for Q1 2026.
Did Lennar beat estimates in Q1 2026?
Revenue missed the consensus estimate of $6.8B by $216.8M. EPS missed the consensus estimate of $0.95 by $0.02.
How did Lennar's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 13.1% from $7.6B a year earlier and eps declined 56.5% from $2.14.
Where can I find Lennar's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-017308) and the 10-Q periodic report (0001628280-26-024352) directly on SEC EDGAR. The filing index links above go to sec.gov.