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M/I Homes MHO Q2 2026 earnings

Reported July 29, 2026 · Before market open

Revenue$1.1BBeat by $16.1M
Adjusted EPS$3.14Beat by $0.01
Revenue estimate$1.0B
EPS estimate$3.13
We delivered solid second quarter results despite continued challenging market conditions. Highlights included a second quarter record of 2,387 new contracts, gross margins of 22%, a pre-tax margin of 10% and a return on equity of 10%.
Robert H. Schottenstein

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 21, 2026 (in a month)
Revenue estimate$1.1B
EPS estimate$3.25

Financials

Q2 2026

Income statement

See full
Revenue$1.1B-8.5%
Gross profit$235.5M-17.8%
Net income$79.1M-34.8%
EPS (diluted)$0.12-97.3%

Balance sheet

See full
Cash & equivalents$735.9M-8.1%
Total debt$949.3M+1,537%
Total equity$3.2B+4.7%
Total assets$4.9B+2.4%

Cash flow

See full
Operating cash flow$36.8M-2.5%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$3.6B-9.3%
Enterprise value$2.92B+18.2%
P/E11.3×+3.6×
P/S0.8×0.0×

Profitability

See full
Gross margin21.5%-4.0pp
Net margin7.4%-4.0pp

Returns & leverage

See full
Return on equity10.1%-7.5pp
Debt / equity0.3×+0.3×

Segments

By product

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Land$18.9M+184%

FAQ

When did M/I Homes report Q2 2026 earnings?
M/I Homes (MHO) reported Q2 2026 earnings on July 29, 2026 before market open.
What were M/I Homes's Q2 2026 revenue and EPS?
M/I Homes reported revenue of $1.1B and adjusted eps of $3.14 for Q2 2026.
Did M/I Homes beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.0B by $16.1M. EPS beat the consensus estimate of $3.13 by $0.01.
How did M/I Homes's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 8.5% from $1.2B a year earlier.
Where can I find M/I Homes's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000799292-26-000025) and the 10-Q periodic report (0000799292-26-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.