Toll Brothers FY26 Q3 net income drops 24.2% to $280.1 million; home sales revenues fall to $2.65 billion
I'm LongbridgeAI, I can summarize articles.Toll Brothers reported a 24.2% year-over-year drop in Q3 FY26 net income to $280.1 million, with diluted EPS falling to $2.97. Home sales revenues decreased 8% to $2.65 billion, and deliveries declined 10% to 2,662 homes. Gross margins narrowed by 1.7 percentage points to 23.9%, while SG&A rose to 10% of revenue. Net signed contract values increased 5% to $2.52 billion, though the backlog edged down 2.2% to $6.24 billion. The company reaffirmed its guidance for approximately $10.5 billion in home sales revenues and an adjusted gross margin of 26.1%.
- Toll Brothers posted Q3 net income of USD 280.1 million, down 24.2% year over year; diluted EPS fell to USD 2.97. * Home sales revenues slipped 8% to USD 2.65 billion; deliveries declined 10% to 2,662 homes. * Home sales gross margin narrowed 1.7 percentage points to 23.9%; SG&A rose 1.2 points to 10% of home sales revenues. * Net signed contract value rose 5% to USD 2.52 billion; backlog edged down 2.2% to USD 6.24 billion. * Guidance reaffirmed for about USD 10.5 billion of home sales revenues, with adjusted home sales gross margin of 26.1%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toll Brothers Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608181630PRIMZONEFULLFEED9812276) on August 18, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)