--- title: "Toll Brothers | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.531 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286965569.md" datetime: "2026-05-19T20:46:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286965569.md) - [en](https://longbridge.com/en/news/286965569.md) - [zh-HK](https://longbridge.com/zh-HK/news/286965569.md) --- # Toll Brothers | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.531 B Revenue: As of FY2026 Q2, the actual value is USD 2.531 B, beating the estimate of USD 2.42 B. EPS: As of FY2026 Q2, the actual value is USD 2.72, beating the estimate of USD 2.5762. ### FY 2026 Second Quarter Financial Highlights (Compared to FY 2025’s Second Quarter) #### Operational Metrics - **Home Sales Revenues:** Toll Brothers, Inc. reported $2.51 billion with 2,491 delivered homes, compared to $2.71 billion with 2,899 delivered homes in FY 2025’s second quarter. - **Net Signed Contract Value:** This stood at $2.81 billion with 2,834 contracted homes, an increase from $2.60 billion with 2,650 contracted homes in FY 2025’s second quarter. - **Backlog Value:** The backlog was $6.32 billion with 5,394 homes at the second quarter end, down from $6.84 billion with 6,063 homes at FY 2025’s second quarter end. - **Home Sales Gross Margin:** This was 23.9%, compared to 26.0% in FY 2025’s second quarter. - **Adjusted Home Sales Gross Margin:** This reached 26.2%, compared to 27.5% in FY 2025’s second quarter. - **SG&A as a Percentage of Home Sales Revenues:** This increased to 10.3%, from 9.5% in FY 2025’s second quarter. - **Income from Operations:** Income was $346.6 million, or 13.7% of total revenues, compared to $449.7 million, or 16.4% of total revenues. - **Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other:** This amounted to $9.3 million, compared to $29.0 million. - **Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues:** These were $32.5 million, compared to $9.8 million. - **Land and Other Impairments included in Land Sales and Other Cost of Revenues:** These totaled $2.3 million, compared to $0 million. - **Joint Venture Impairments included in Income (loss) from Unconsolidated Entities:** These were $13.5 million, compared to $0 million. - **Quarterly Cancellations as a Percentage of Beginning-Quarter Backlog:** This was 2.9%, compared to 2.8%. - **Quarterly Cancellations as a Percentage of Signed Contracts in Quarter:** This was 4.8%, compared to 6.2%. #### Balance Sheet and Capital Metrics - **Cash and Cash Equivalents:** Toll Brothers, Inc. held $1.11 billion at FY 2026 second quarter end, compared to $1.26 billion at FYE 2025 and $1.20 billion at FY 2026’s first quarter. - **Stockholders’ Equity:** This totaled $8.48 billion at FY 2026 second quarter end, compared to $8.27 billion at FYE 2025. - **Debt-to-Capital Ratio:** This was 24.7% at FY 2026 second quarter end, compared to 24.4% at FY 2026’s first quarter end and 26.0% at FYE 2025. - **Net Debt-to-Capital Ratio:** This was 15.4% at FY 2026 second quarter end, compared to 14.2% at FY 2026’s first quarter end and 15.3% at FYE 2025. - **Lots Owned and Optioned:** Approximately 76,800 lots were held at FY 2026 second quarter end, with 32,000 (42%) owned, compared to 75,000 one quarter earlier and 78,600 one year earlier. - **Land Spending:** Approximately $422.0 million was spent on land to purchase approximately 1,943 lots in the second quarter of FY 2026. - **Selling Communities:** There were 459 selling communities at FY 2026 second quarter end, compared to 445 at FY 2026’s first quarter end and 421 at FY 2025’s second quarter end. #### Shareholder Returns - Toll Brothers, Inc. repurchased approximately 1.2 million shares at an average price of $143.72 per share, totaling $175.4 million, during the second quarter of FY 2026. - Year-to-date share repurchases amounted to $226 million. - The quarterly cash dividend increased by 4% from $0.25 to $0.26 per share, paid on April 24, 2026. ### FY 2026 Six Months Ended April 30, 2026 Financial Highlights (Compared to Six Months Ended April 30, 2025) #### Operational Metrics - **Home Sales Revenues:** These were $4.37 billion with 4,390 units, compared to $4.55 billion with 4,890 units. - **Net Signed Contracts:** These reached $5.19 billion with 5,137 units, compared to $4.91 billion with 4,957 units. - **Home Sales Gross Margin:** This was 24.2%, compared to 25.6%. - **Adjusted Home Sales Gross Margin:** This was 26.3%, compared to 27.3%. - **SG&A as a Percentage of Home Sales Revenues:** This was 11.8%, compared to 10.9%. - **Income from Operations:** This amounted to $565.7 million, or 12.1% of total revenues, compared to $668.8 million, or 14.5% of total revenues. - **Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other:** This was $81.3 million, compared to $31.5 million. - **Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues:** These were $44.2 million, compared to $26.2 million. - **Land and Other Impairments included in Land Sales and Other Cost of Revenues:** These were $3.7 million, compared to $1.8 million. - **Joint Venture Impairments included in Income (loss) from Unconsolidated Entities:** These were $57.8 million, compared to $0 million. - **Other Asset Write-Offs (Recoveries) included in Other Income - Net:** This was $0 million, compared to $4.4 million. ### Outlook / Guidance 托尔兄弟 (Toll Brothers, Inc.) is raising its full-year guidance across all key home building metrics based on year-to-date performance. For the third quarter of FY 2026, the company expects deliveries of 2,600 - 2,700 units with an average delivered price per home between $965,000 and $985,000, and an Adjusted Home Sales Gross Margin of 25.25%. For the full fiscal year 2026, guidance includes deliveries of 10,400 - 10,700 units, an average delivered price per home of $985,000 - $1,000,000, and an Adjusted Home Sales Gross Margin of 26.10%. ### Related Stocks - [TOL.US](https://longbridge.com/en/quote/TOL.US.md) ## Related News & Research - [Toll Brothers Q2 home sales revenue falls as deliveries decline](https://longbridge.com/en/news/286965054.md) - [Will Toll Brothers Stock Break its Post-Earnings Curse?](https://longbridge.com/en/news/286806421.md) - [Toll Brothers Earnings: What To Look For From TOL](https://longbridge.com/en/news/286706606.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [A Look At Toll Brothers (TOL) Valuation As Earnings Concerns And Leadership Changes Shape Sentiment](https://longbridge.com/en/news/286842873.md)