---
title: "LGI Homes 3Q 2026: Revenue $444.5M, Net income $24.6M, EPS $1.05— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304169751.md"
description: "LGI Homes reported Q3 2026 revenue of $444.5M (+10.2% YoY) and net income of $24.6M, with diluted EPS rising to $1.05. While homebuilding revenue grew 10.3% driven by increased closings, net orders for the first nine months fell 30%, and the backlog declined significantly. Management cited high mortgage rates and subdued buyer sentiment as key demand pressures affecting future margins."
datetime: "2026-11-03T21:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304169751.md)
  - [en](https://longbridge.com/en/news/304169751.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304169751.md)
generator: "portal-rs"
---

# LGI Homes 3Q 2026: Revenue $444.5M, Net income $24.6M, EPS $1.05— 10-Q Summary

LGI Homes reported third-quarter 2026 revenue of $444.5 million, up 10.2% from $403.5 million a year earlier, and net income of $24.6 million, compared with $19.7 million. Diluted EPS rose to $1.05 from $0.85.

**Financial Highlights**

-   Revenue was $444.5M, compared with $403.5M in the prior-year quarter; YoY change 10.2%.
-   Net income was $24.6M, compared with $19.7M in the prior-year quarter; YoY change 24.6%.
-   Diluted EPS was $1.05, compared with $0.85 in the prior-year quarter.

**Business Highlights**

-   Third-quarter homebuilding revenue increased 10.3% to $437.5M as closings rose 11.6% to 1,189 homes. Nine-month homebuilding revenue grew 2.2%.
-   Wholesale sales accounted for 18.1% of third-quarter closings, or 215 homes, compared with 15.3% a year earlier. Nine-month wholesale closings totaled 621.
-   For the first nine months, net orders fell 30% to 2,869 and cancellations rose to 48.9%. Backlog at quarter-end declined 47.5% to 685 homes.
-   LGI operated 151 communities, up from 141 a year earlier, and owned or controlled 58,400 lots at quarter-end.
-   Management cited mortgage rates near 7% and subdued buyer sentiment as demand pressures, noting that financing challenges may slow backlog conversion and weigh on margins.

Original SEC Filing: LGI Homes, Inc. \[ LGIH \] - 10-Q - Nov. 03, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**