LEN · News · 20260928N
Q3 Revenue Performance and Mix
LENNAR CORP /NEW/ · 2026-09-28 · Importance 51 · Surprise 38 · No source text
In fiscal Q3 ended in August 2026, Lennar delivered 20,840 homes, down 3% year over year, at an average selling price of $372,000, down 3%. Revenue fell 9% year over year to $8.0 billion, while EPS declined 48% to $1.19. StoneX had expected 21,000 deliveries, a $376,000 average selling price, $8.2 billion in revenue, and EPS of $1.29.
Key facts
- Lennar's Q3 revenue fell 9% year over year to $8.0 billion, and EPS dropped 48% to $1.19. source
- Lennar's Q3 home deliveries declined 3% to 20,840, and its average selling price fell 3% to $372,000. source
- Lennar delivered 20,840 homes in fiscal Q3 ended August, within its guidance of 20,500 to 21,500 deliveries but below Wall Street expectations. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -9.8% | Lennar's Q3 revenue fell 9% year over year to $8.0 billion, and EPS dropped 48% to $1.19. |