Form 8-K · Current report
Lennar 8-K, filed Sep 16, 2026
- Filed
- CIK
- 0000920760
- Accession no.
- 0001628280-26-062287
Summary
Lennar reported third-quarter 2026 net earnings of $284 million, or $1.19 per diluted share, down from $591 million a year earlier, as new orders fell 9% to 20,879 homes and deliveries fell 3% to 20,840 homes on revenues of $8.0 billion. Executive Chairman and CEO Stuart Miller attributed the results to a deteriorating market with 30-year mortgage rates near 6.8% at quarter end, and Lennar cut its full-year 2026 delivery target to approximately 80,000 to 81,000 homes from 82,000 to 83,000.
Key points
- Third-quarter new orders fell 9% to 20,879 homes and deliveries fell 3% to 20,840 homes, with total revenues of $8.0 billion.
- Gross margin on home sales was 15.8% and S,G&A was 9.2% of home sales revenue, for a 6.6% net margin.
- Lennar guided fourth-quarter 2026 deliveries to 22,000–23,000 homes and new orders to 19,500–20,500, and cut its full-year 2026 delivery target to roughly 80,000–81,000 homes from 82,000–83,000.
- Lennar repurchased 3 million shares for $256 million and redeemed $400 million of 5.25% senior notes due June 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. On September 16, 2026, Lennar Corporation issued a press release announcing its results of operations for the third quarter ended August 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in the preceding paragraph, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. …
An excerpt of the text as filed with the SEC, cut for length.
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