Short answer
Lennar (LEN) filed an 8-K current report with the SEC on June 11, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Lennar reported fiscal Q2 2026 results for the quarter ended May 31, 2026.
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AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Lennar reported fiscal Q2 2026 results for the quarter ended May 31, 2026
- Press release furnished as Exhibit 99.1 contains the operational and financial results
- Disclosure is furnished, not filed under Exchange Act Section 18 liability provisions
Item EX-99.1 · Exhibit EX-99.1
- Q2 net earnings fell to $305 million, or $1.24 per diluted share, from $477 million, or $1.81, year over year
- Deliveries rose 2% to 20,519 homes, but average sales price declined 5% to $371,000, pressuring revenue and margins
- Gross margin contracted to 15.6% from 17.8%, while incentives remained elevated at approximately 12.9% of sales
- Orders declined 4% to 21,749, but backlog increased to 16,818 homes valued at $6.6 billion
- Management lowered full-year 2026 delivery target to approximately 82,000–83,000 homes; Q3 margin guidance improves to approximately 16%
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