Lennar-B Shares

Q3 FY2026 EarningsQ3 FY26 results missed consensus across most financial metrics as higher mortgage rates and weak market conditions weighed on pricing. Revenue of $8.05B was -3.66% below expectations, and the gross margin of 15.82% missed the 15.91% consensus. EBIT and Net Income also fell short of expectations by -2.03% and -7.72% respectively, primarily due to lower deliveries and higher land costs, though construction cost efficiencies provided a minor offset.