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Lennar (LEN) filed an 8-K current report with the SEC on September 16, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Lennar announced fiscal Q3 2026 results for the quarter ended August 31, 2026.
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Item 2.02 · Results of Operations and Financial Condition
- Lennar announced fiscal Q3 2026 results for the quarter ended August 31, 2026
- Full operating results are provided in Exhibit 99.1, the furnished earnings release
- Results are furnished under Item 2.02 and generally excluded from Section 18 filing liability
Item EX-99.1 · Exhibit EX-99.1
- Q3 net earnings fell to $284 million, or $1.19 per diluted share, from $591 million, or $2.29, amid weaker housing conditions
- New orders declined 9% to 20,879 homes, while backlog fell to 16,857 homes valued at $6.3 billion
- Homebuilding revenue decreased 6% to $7.7 billion, with gross margin compressing to 15.8% from 17.5%
- Mortgage-rate pressure drove 12.0% incentives and lowered average sales price to $372,000 from $383,000
- Full-year delivery target reduced to 80,000–81,000 homes; Q4 guidance calls for 22,000–23,000 deliveries and 15.5%–16.0% gross margin
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