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Lennar Corp. (LEN) Misses Q3 EPS by 10c

September 16, 2026 4:34 PM

Lennar Corp. (NYSE: LEN) reported Q3 EPS of $1.19, $0.10 worse than the analyst estimate of $1.29. Revenue for the quarter came in at $8.05 billion versus the consensus estimate of $8.31 billion.

Guidance

The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2026:

New Orders

19,500 - 20,500

Deliveries

22,000 - 23,000

Average Sales Price

$370,000 - $380,000

Gross Margin % on Home Sales

15.5% - 16.0%

SG&A as a % of Home Sales

8.7% - 9.0%

Financial Services Operating Earnings

$90 million - $95 million

For earnings history and earnings-related data on Lennar Corp. (LEN) click here.

Categories

Earnings Guidance