Short answer
Lennar (LEN) filed its Q3 2026 10-Q quarterly report on Oct 2, 2026 for the quarter ended Aug 31, 2026. Quarterly revenue was $8.0B (down 8.7% year over year) with net income of $284M.
Q3 2026 key financials · XBRL
- Revenue
- $8.0B
- −8.7% YoY · +1.3% QoQ
- Net income
- $284M
- −52.0% YoY · −6.9% QoQ
- EPS (diluted)
- $1.19
- −48.0% YoY · −4.0% QoQ
Source: XBRL data from the Lennar (LEN) Q3 2026 10-Q on SEC EDGAR. USD.
Lennar Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $8.05B, down from $8.81B YoY; home sales revenue $7.7B vs $8.2B
- Gross margin 15.8% vs 17.5% YoY; SG&A margin 9.2% vs 8.2%
- Best segment East: operating earnings $199.9M vs $186.4M; worst Lennar Other: $83.6M loss vs $62.5M earnings
- Cash and restricted cash $1.5B vs $3.8B at November 30; operating cash used $822M year-to-date
- Outlook: fourth-quarter deliveries 22,000–23,000 homes, gross margin 15.5%–16.0%; headwinds from approximately 7% mortgage rates and constrained labor availability
Risk Factors
- No material changes from risk factors disclosed in Lennar’s 2025 Form 10-K
- Carried-forward risks include housing-market, operational, regulatory, and financial uncertainties described elsewhere in the 10-Q
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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