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Lennar LEN Q3 2026 earnings

Reported September 16, 2026 · After market close

Revenue$8.0BMiss by $318.9M
EPS$1.23Miss by $0.05
Revenue estimate$8.3B
EPS estimate$1.28
“Our third quarter 2026 results reflect consistent focus on our operating strategy of maintaining volume and production while navigating a challenging economic environment. While our earnings of $1.19 per share were below expectations, they reflect the nature of the environment in which we are operating, which has deteriorated since our last earnings call.”
Stuart Miller

Next report

Dec 15, 2026 (in 2 months)
Revenue estimate$8.7B
EPS estimate$1.46

Financials

Q3 2026

Income statement

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Revenue$8.0B-8.7%
Net income$283.9M-52.0%
EPS (diluted)$1.19-48.0%

Balance sheet

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Cash & equivalents$1.5B-14.7%
Total debt$237.0M-14.0%
Total equity$21.6B-4.5%

Cash flow

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Operating cash flow-$104.3M+34.2%
Free cash flow-$96.3M+49.5%

Valuation & ratios

Valuation

as of 10/12/26
See full
Market cap$18.46B-39.4%
Enterprise value$16.52B-40.7%
P/E14.1×+2.8×
P/S0.6×-0.3×

Profitability

See full
Net margin4.1%-3.6pp
FCF margin2.5%+1.8pp

Returns & leverage

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Return on equity5.9%-4.8pp
Debt / equity0×0.0×

Segments

By segment

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West$2.6B-12.5%
Central$1.9B-3.7%
East$1.8B+4.4%
South Central$1.4B—
Lennar Financial Services$226.1M—

By product

See full
General Contractor Services$36.1M-14.3%
Land$18.4M-39.6%
Management Fee$2.3M-54.9%

FAQ

When did Lennar report Q3 2026 earnings?
Lennar (LEN) reported Q3 2026 earnings on September 16, 2026 after market close.
What were Lennar's Q3 2026 revenue and EPS?
Lennar reported revenue of $8.0B and eps of $1.23 for Q3 2026.
Did Lennar beat estimates in Q3 2026?
Revenue missed the consensus estimate of $8.3B by $318.9M. EPS missed the consensus estimate of $1.28 by $0.05.
How did Lennar's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.0% from $8.8B a year earlier and eps declined 38.5% from $2.00.
Where can I find Lennar's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-062287) and the 10-Q periodic report (0001628280-26-064557) directly on SEC EDGAR. The filing index links above go to sec.gov.