LEN · News · 20261016N
Revenue Performance and Mix
LENNAR CORP /NEW/ · 2026-10-16 · Importance 17 · Surprise 24 · In source text
Lennar’s fiscal third-quarter 2026, ended August 31, results included lower total revenue year over year and missed the Zacks Consensus Estimate. Adjusted earnings also declined year over year and missed consensus. Lower home deliveries and a weaker average sales price for delivered homes drove the quarterly decline. The report attributed the lower deliveries and average sales price to continued softness in housing demand amid elevated mortgage rates.
Key facts
- In the third quarter of fiscal 2026, ended August 31, Lennar's adjusted earnings and total revenues missed the Zacks Consensus Estimate and declined year over year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | — | In the third quarter of fiscal 2026, ended August 31, Lennar's adjusted earnings and total revenues missed the Zacks Consensus Estimate… |
| net_income | negative | realized | — | In the third quarter of fiscal 2026, ended August 31, Lennar's adjusted earnings and total revenues missed the Zacks Consensus Estimate… |