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Lennar Earnings Calls
| Release date | Jun 11, 2026 |
| EPS estimate | $1.24 |
| EPS actual | $1.24 |
| Revenue estimate | 8.085B |
| Revenue actual | 7.94B |
| Revenue Surprise | -1.79% |
| Release date | Mar 12, 2026 |
| EPS estimate | $0.95 |
| EPS actual | $0.93 |
| EPS Surprise | -2.41% |
| Revenue estimate | 6.836B |
| Revenue actual | 6.619B |
| Revenue Surprise | -3.17% |
| Release date | Dec 16, 2025 |
| EPS estimate | $2.21 |
| EPS actual | $1.93 |
| EPS Surprise | -12.67% |
| Revenue estimate | 9.001B |
| Revenue actual | 9.368B |
| Revenue Surprise | 4.07% |
| Release date | Sep 18, 2025 |
| EPS estimate | $2.10 |
| EPS actual | $2.00 |
| EPS Surprise | -4.76% |
| Revenue estimate | 8.971B |
| Revenue actual | 8.795B |
| Revenue Surprise | -1.96% |
Last 4 Quarters for Lennar
Below you can see how LEN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 18, 2025 |
| Price on release | $132.87 |
| EPS estimate | $2.10 |
| EPS actual | $2.00 |
| EPS surprise | -4.76% |
| Date | Price |
|---|---|
| Sep 12, 2025 | $137.27 |
| Sep 15, 2025 | $133.77 |
| Sep 16, 2025 | $133.81 |
| Sep 17, 2025 | $132.97 |
| Sep 18, 2025 | $132.87 |
| Sep 19, 2025 | $127.32 |
| Sep 22, 2025 | $121.91 |
| Sep 23, 2025 | $123.25 |
| Sep 24, 2025 | $125.69 |
| 4 days before | -3.21% |
| 4 days after | -5.40% |
| On release day | -4.18% |
| Change in period | -8.44% |
| Release date | Dec 16, 2025 |
| Price on release | $117.57 |
| EPS estimate | $2.21 |
| EPS actual | $1.93 |
| EPS surprise | -12.67% |
| Date | Price |
|---|---|
| Dec 10, 2025 | $120.06 |
| Dec 11, 2025 | $119.12 |
| Dec 12, 2025 | $119.34 |
| Dec 15, 2025 | $119.72 |
| Dec 16, 2025 | $117.57 |
| Dec 17, 2025 | $112.23 |
| Dec 18, 2025 | $108.33 |
| Dec 19, 2025 | $107.99 |
| Dec 22, 2025 | $106.99 |
| 4 days before | -2.07% |
| 4 days after | -9.00% |
| On release day | -4.54% |
| Change in period | -10.89% |
| Release date | Mar 12, 2026 |
| Price on release | $92.54 |
| EPS estimate | $0.95 |
| EPS actual | $0.93 |
| EPS surprise | -2.41% |
| Date | Price |
|---|---|
| Mar 06, 2026 | $101.17 |
| Mar 09, 2026 | $99.94 |
| Mar 10, 2026 | $98.72 |
| Mar 11, 2026 | $96.57 |
| Mar 12, 2026 | $92.54 |
| Mar 13, 2026 | $94.96 |
| Mar 16, 2026 | $95.95 |
| Mar 17, 2026 | $97.03 |
| Mar 18, 2026 | $94.75 |
| 4 days before | -8.53% |
| 4 days after | 2.39% |
| On release day | 2.62% |
| Change in period | -6.35% |
| Release date | Jun 11, 2026 |
| Price on release | $94.95 |
| EPS estimate | $1.24 |
| EPS actual | $1.24 |
| Date | Price |
|---|---|
| Jun 05, 2026 | $90.49 |
| Jun 08, 2026 | $90.74 |
| Jun 09, 2026 | $92.56 |
| Jun 10, 2026 | $89.85 |
| Jun 11, 2026 | $94.95 |
| Jun 12, 2026 | $90.30 |
| Jun 15, 2026 | $89.75 |
| Jun 16, 2026 | $89.78 |
| Jun 17, 2026 | $86.48 |
| 4 days before | 4.93% |
| 4 days after | -8.92% |
| On release day | -4.90% |
| Change in period | -4.43% |
Lennar Earnings Call Transcript Summary of Q2 2026
Lennar reported solid Q2 2026 operational results amid a choppy macro backdrop. Deliveries were 20.5k homes and new orders were 21.7k. Gross margin improved sequentially to 15.6% and net margin to 6.4%; GAAP EPS was $1.24 (or $1.31 ex mark-to-market). Sales incentives on deliveries declined to 12.9% (from 14.1% in Q1), the first sustained downward movement in three years. Construction cost per sq. ft. improved to $81 (down 7% year-over-year) and cycle time hit a record low of 121 days, driving inventory turns to 2.5x and return on inventory of ~15%. The company continues to advance its asset-light/land-light model (less than 5% land on balance sheet; 98% of homesites controlled via third parties) and reported $1.8 billion cash and $4.9 billion total liquidity. Management reiterated focus on volume-driven, production consistency and technology-driven efficiency to restore margins and cash flow. For Q3 the company guided to: 20.5k–21.5k deliveries, 21k–22k new orders, ASP $375k–$380k, gross margin ~16%, SG&A 8.8%–9.0%, and EPS ~$1.20–$1.40. Full-year delivery guidance was lowered to 82k–83k homes due to macro uncertainty and interest rate pressures, while management emphasized continued margin improvement potential as incentives slowly decline and operational efficiencies scale.
