Lennar cuts 2026 delivery target to approximately 80,000 to 81,000 homes
Third-quarter net earnings fell to $284 million, or $1.19 per diluted share, from $591 million, or $2.29 per share, a year earlier.
GetSignal Lennar LEN-B
On September 16, 2026, Lennar reported results for the third quarter ended August 31, 2026. Revenues from home sales fell 6% to $7.7 billion, and the company delivered 20,840 homes, down 3% from a year earlier.
Lennar said it now expects approximately 80,000 to 81,000 home deliveries in 2026, down from 82,000 to 83,000, given continued pressure on interest rates and deterioration in market conditions through the quarter.
Key facts
- Net earnings, third quarter 2026
- $284 million
- Diluted earnings per share, third quarter 2026
- $1.19
- Full-year 2026 delivery target
- approximately 80,000 to 81,000 homes, down from 82,000 to 83,000
- Homes delivered, third quarter 2026
- 20,840
Source: Form 8-K filed September 16, 2026. The company's release as filed with the SEC.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
