Lennar Q3 FY26 net earnings drop 52% to $284 million; revenue falls 9% to $8 billion

By Public Technologies
  • Lennar third-quarter net earnings attributable to shareholders fell to USD 284 million, while diluted EPS dropped to USD 1.19.
  • Total revenue declined 8.67% to USD 8.05 billion, while homebuilding revenue slipped 6% to USD 7.76 billion.
  • Home sales gross margin narrowed 1.7 percentage points to 15.8%, while SG&A as a share of home sales widened 1 percentage point to 9.2%.
  • New orders decreased 9% to 20,879 homes, while backlog ended at 16,857 homes valued at USD 6.35 billion.
  • Guidance calls for fourth-quarter deliveries of 22,000-23,000 homes, with home sales gross margin of 15.5%-16%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lennar Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609161630PR_NEWS_USPR_____LA48949) on September 16, 2026, and is solely responsible for the information contained therein.

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