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Lennar LEN Q2 2026 earnings

Reported June 11, 2026 · After market close

Revenue$7.9BMiss by $145.0M
EPS$1.24Beat by $0.01
Revenue estimate$8.1B
EPS estimate$1.23
“Our second quarter of fiscal year 2026 was defined by the same stubborn headwinds that have challenged the housing market for the past several years – persistently elevated mortgage rates, constrained affordability, and cautious consumer sentiment, exacerbated by geopolitical uncertainty creating a resurgent inflation reading of 4.2% driven by higher energy prices. Against that backdrop, our team delivered results that demonstrate the strength and resilience of our operating platform.”
Stuart Miller

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$7.9B-5.2%
Net income$304.8M-36.2%

Balance sheet

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Cash & equivalents$2.2B+47.0%
Total debt$233.8M-12.2%
Total equity$21.6B-4.2%
Total assets$33.7B-2.0%

Cash flow

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Operating cash flow-$284.4M+74.0%
CapEx$18.9M+23.9%
Free cash flow-$303.2M+72.7%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$20.99B-39.2%
Enterprise value$19.05B-42.8%
P/E13×+2.4×
P/S0.6×-0.3×

Profitability

See full
Net margin4.9%-4.3pp
FCF margin2.2%+1.4pp

Returns & leverage

See full
Return on equity7.3%-5.9pp
Debt / equity0×0.0×

Segments

By segment

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West$2.8B-2.3%
East$1.7B-1.1%
Central$1.7B-4.7%
South Central$1.5B-3.7%
Lennar Financial Services$236.9M—

By product

See full
Home$7.6B-2.5%
Other revenues$332.4M-39.1%
General Contractor Services$40.9M+44.7%
Land$12.4M-71.3%
Management Fee$2.5M-61.7%

FAQ

When did Lennar report Q2 2026 earnings?
Lennar (LEN) reported Q2 2026 earnings on June 11, 2026 after market close.
What were Lennar's Q2 2026 revenue and EPS?
Lennar reported revenue of $7.9B and eps of $1.24 for Q2 2026.
Did Lennar beat estimates in Q2 2026?
Revenue missed the consensus estimate of $8.1B by $145.0M. EPS beat the consensus estimate of $1.23 by $0.01.
How did Lennar's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.9% from $8.4B a year earlier and eps declined 34.7% from $1.90.
Where can I find Lennar's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-041334) and the 10-Q periodic report (0001628280-26-046019) directly on SEC EDGAR. The filing index links above go to sec.gov.