Lennar

Q3 FY2026 EarningsQ3 FY26 results missed consensus across the board as a deteriorating interest rate environment and affordability constraints pressured performance. Revenue of $8.05B fell 3.9% short of the $8.37B expected, while Diluted EPS of $1.19 significantly trailed the $1.29 consensus. Gross margins on home sales contracted to 15.8% (vs. 15.9% expected), and full-year delivery guidance was moderated to 80,000–81,000 homes from the previous 82,000–83,000 range.