--- title: "Toll Brothers | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 2.659 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/296269350.md" datetime: "2026-08-18T20:50:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296269350.md) - [en](https://longbridge.com/en/news/296269350.md) - [zh-HK](https://longbridge.com/zh-HK/news/296269350.md) generator: "portal-rs" --- # Toll Brothers | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 2.659 B Revenue: As of FY2026 Q3, the actual value is USD 2.659 B, beating the estimate of USD 2.618 B. EPS: As of FY2026 Q3, the actual value is USD 2.97, beating the estimate of USD 2.9429. EBIT: As of FY2026 Q3, the actual value is USD 374.79 M. ### Third Quarter FY 2026 Financial Highlights (Compared to Third Quarter FY 2025) #### Segment Revenue Home sales revenues were $2.65 billion, a decrease from $2.88 billion in FY 2025’s third quarter. #### Operational Metrics Net income was $280.1 million, compared to $369.6 million in FY 2025’s third quarter. Pre-tax income was $374.8 million, compared to $499.5 million in FY 2025’s third quarter. Home sales gross margin was 23.9%, down from 25.6% in FY 2025’s third quarter. Adjusted home sales gross margin was 25.6%, compared to 27.5% in FY 2025’s third quarter. SG&A, as a percentage of home sales revenues, was 10.0%, an increase from 8.8% in FY 2025’s third quarter. Interest included in home sales cost of revenues, as a percentage of home sales revenues, remained constant at 1.1% for both periods. Income from operations was $359.2 million, or 13.5% of total revenues, compared to $487.7 million, or 16.6% of total revenues, in FY 2025’s third quarter. Other income, income from unconsolidated entities, and gross margin from land sales and other was $6.0 million, compared to $15.0 million in FY 2025’s third quarter. Pre-tax inventory impairments included in home sales costs of revenues were $17.7 million, down from $23.3 million. Other pre-tax impairments included in land sales and other cost of revenues were $10.1 million, significantly up from $0.7 million. Joint venture impairments included in (loss) income from unconsolidated entities were $39.6 million, compared to $0 million in the prior year. #### Cash Flow The provided reference does not detail actual financial metrics such as operating cash flow or free cash flow. #### Unique Metrics Toll Brothers, Inc. repurchased approximately 1.4 million shares for $206.8 million in the third quarter. The company returned $231 million to stockholders through share repurchases and dividends in the third quarter, bringing the year-to-date total to $506 million. Cash and cash equivalents were $1.06 billion at July 31, 2026, compared to $1.26 billion at FYE 2025. Stockholders’ equity was $8.53 billion, up from $8.27 billion at FYE 2025. The debt-to-capital ratio was 24.5%, a slight decrease from 26.0% at FYE 2025. The net debt-to-capital ratio was 15.6%, compared to 15.3% at FYE 2025. The company spent approximately $451.9 million on land to purchase approximately 2,784 lots in the third quarter of FY 2026. The number of delivered homes was 2,662, down from 2,959 in the prior year’s third quarter. Net signed contract value increased to $2.52 billion from $2.41 billion in FY 2025’s third quarter. Contracted homes totaled 2,508, up from 2,388. Backlog value stood at $6.24 billion at quarter-end, compared to $6.38 billion at FY 2025’s third quarter end. Homes in backlog were 5,312, a decrease from 5,492. Net signed contracts per community were 5.4 units, compared to 5.6 units in the prior year. The average price per home in backlog increased to $1,174,400 from $1,161,000. Quarterly cancellations as a percentage of beginning-quarter backlog were 2.6%, down from 3.2%. Quarterly cancellations as a percentage of signed contracts in the quarter were 5.4%, compared to 7.5% in the previous year. The company ended the third quarter with 471 selling communities, an increase from 420 at FY 2025’s third quarter end. Total lots owned and optioned were approximately 75,500, with 31,800 (42%) owned. ### Nine Months Ended July 31, 2026 Financial Highlights (Compared to Nine Months Ended July 31, 2025) #### Segment Revenue Home sales revenues were $7.02 billion from 7,052 units, compared to $7.43 billion from 7,849 units. #### Operational Metrics Net income was $751.7 million, down from $899.8 million. Pre-tax income was $998.7 million, compared to $1.20 billion. Home sales gross margin was 24.1%, down from 25.6%. Adjusted home sales gross margin was 26.1%, compared to 27.4%. SG&A, as a percentage of home sales revenues, was 11.1%, up from 10.1%. #### Unique Metrics Net signed contracts increased to $7.70 billion from 7,645 units, up from $7.32 billion from 7,345 units. #### Outlook / Guidance Toll Brothers, Inc. reaffirms its full-year guidance for FY 2026, projecting approximately $10.5 billion of home sales revenues and an adjusted gross margin of 26.1%. The company anticipates full fiscal year deliveries of 10,500 to 10,600 units at an average delivered price per home of $995,000 to $1,000,000. Additionally, Toll Brothers expects to grow its community count by 8% to 10% in fiscal 2026 and has increased its projected share repurchases for fiscal 2026 from $650 million to $700 million. ### Related Stocks - [TOL.US](https://longbridge.com/en/quote/TOL.US.md) ## Related News & Research - [Softer Q3 Results and Reaffirmed Outlook Might Change The Case For Investing In Toll Brothers (TOL)](https://longbridge.com/en/news/296733192.md) - [Toll Brothers Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results](https://longbridge.com/en/news/296520646.md) - [If You Invested $100 In Toll Brothers Stock 15 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/296241546.md) - [Toll Brothers (TOL) Fiscal Q3 2026 Earnings Call: Margin, Orders and Guidance](https://longbridge.com/en/news/296394486.md) - [Top Wall Street Forecasters Revamp Toll Brothers Expectations Ahead Of Q3 Earnings](https://longbridge.com/en/news/296190765.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**