Lennar Corp. (LEN) Misses Q2 EPS by 1c

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $1.24, $0.01 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $8 billion.

Guidance

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

New Orders - 21,000 - 22,000

Deliveries - 20,500 - 21,500

Average Sales Price - $375,000 - $380,000

Gross Margin % on Home Sales - Approximately 16%

SG&A as a % of Home Sales - 8.8% - 9.0%

Financial Services Operating Earnings - $95 million - $100 million

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

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