---
title: "LGI Homes Raises 2026 Margin Outlook After Strong Q1"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284389668.md"
description: "LGI Homes reported strong Q1 2026 results, delivering 916 homes and generating $319.7 million in sales revenue. The company achieved an average sales price of $362,924 and an adjusted gross margin of 23.4%. With a backlog of 1,699 homes, up 63.4% year-over-year, LGI raised its full-year gross margin targets. Despite a current analyst rating of Sell with a $38 price target, the company maintains confidence in its operating model amid market conditions. LGI Homes, based in Texas, focuses on affordable homeownership across 36 markets in 21 states."
datetime: "2026-04-28T12:48:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284389668.md)
  - [en](https://longbridge.com/en/news/284389668.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284389668.md)
---

# LGI Homes Raises 2026 Margin Outlook After Strong Q1

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LGI Homes ( (LGIH) ) just unveiled an update.

On April 28, 2026, LGI Homes reported first-quarter 2026 results, delivering 916 homes, including 881 home closings that generated $319.7 million in home sales revenue. The company achieved an average sales price of about $362,924, an adjusted gross margin of 23.4% and net income of $2.2 million, while ending the quarter with 1,699 homes in backlog, up 63.4% year over year.

Management highlighted strong execution, disciplined pricing and cost control as key drivers of margins that exceeded prior guidance, prompting an increase to full-year 2026 gross margin and adjusted gross margin targets. With liquidity of $355 million and a net debt-to-capital ratio of 44.0% at March 31, 2026, LGI Homes reiterated its outlook for higher 2026 home closings and community count, underscoring confidence in its operating model and resilience amid current housing market conditions.

The most recent analyst rating on (LGIH) stock is a Sell with a $38.00 price target. To see the full list of analyst forecasts on LGI Homes stock, see the LGIH Stock Forecast page.

**Spark’s Take on LGIH Stock**

According to Spark, TipRanks’ AI Analyst, LGIH is a Neutral.

The score is held down primarily by weakened financial performance and multi-year negative operating/free cash flow. Technicals are improving in the short term and valuation appears reasonable, while the earnings call showed better demand/backlog and clear guidance but also highlighted cancellations and margin pressure that limit upside confidence.

To see Spark’s full report on LGIH stock, click here.

**More about LGI Homes**

LGI Homes, Inc., based in The Woodlands, Texas, is a homebuilder that designs, constructs and sells homes across 36 markets in 21 U.S. states. Since its founding in 2003, the company has closed more than 80,000 homes, operates a self-developed land pipeline, and focuses on making homeownership affordable for families nationwide, while earning national recognition for quality and workplace culture.

**Average Trading Volume:** 470,049

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $1.05B

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