Lennar

Q3 FY2026 EarningsQ3 FY26 results missed consensus estimates across top and bottom lines, with revenue of $8.05B (-3.65% vs. consensus) and diluted GAAP EPS of $1.19 (-7.60% vs. consensus). Performance was hampered by a 3% decline in home deliveries and a 3% drop in average sales prices, alongside $53.3M in technology investment mark-to-market losses. Management guided Q4 FY26 deliveries between 22,000–23,000 with a gross margin outlook of 15.5%–16.0%, signaling continued pressure from high mortgage rates and rising land costs.