Lennar Corporation (LEN) Guidance & Earnings Results

On 2026-09-16 Lennar Corporation lowered guidance: "FY2026 deliveries lowered to 80,000-81,000 homes from 82,000-83,000; Q4 2026: new orders 19,500-20,500, deliveries 22,000-23,000, gross margin 15.5%-16.0%, ASP $370,000-$380,000, SG&A…" — from its own filing, as read by EquiReason.

Source: SEC EDGAR filings · figures as of 2026-08-31 · read by EquiReason

LENLennar CorporationFollow LEN — free

Residential Construction · Consumer Cyclical

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Market cap: 20.5B
P/E TTM: —
Dividend yield: 2.4%
52-week: —
Next earnings: 14 Dec, in 51 days

What management guided

each earnings 8-K · figures checked against the filing text

Release	Direction	What they said
16 Sep 26	Lowered	FY2026 deliveries lowered to 80,000-81,000 homes from 82,000-83,000; Q4 2026: new orders 19,500-20,500, deliveries 22,000-23,000, gross margin 15.5%-16.0%, ASP $370,000-$380,000, SG&A 8.7%-9.0% · full year
11 Jun 26	Mixed	Q3 deliveries 20,500-21,500; gross margin ~16%; ASP $375k-$380k; SG&A 8.8%-9.0%. Full-year deliveries 82,000-83,000 (moderated).
12 Mar 26	Mixed	Q2 deliveries 20,000-21,000 homes; gross margin 15.5%-16%; SG&A 8.9%-9.1%
16 Dec 25	Mixed	Q1 FY2026: 17,000-18,000 deliveries, ASP $365K-$375K, gross margin 15%-16%, SG&A ~9.5%; FY2026 deliveries ~85,000 homes
19 Sep 25	Reaffirmed	Q4 2025: new orders 20,000-21,000; deliveries 22,000-23,000; gross margin ~17.5%

Lennar Corporation — questions

What guidance did Lennar Corporation give?: On 2026-09-16: "FY2026 deliveries lowered to 80,000-81,000 homes from 82,000-83,000; Q4 2026: new orders 19,500-20,500, deliveries 22,000-23,000, gross margin 15.5%-16.0%, ASP $370,000-$380,000, SG&A 8.7%-9.0%"
When does Lennar Corporation report earnings?: Lennar Corporation's next earnings report is expected on 2026-12-14.

Every figure on this page comes from Lennar Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.

Important information. Figures on this page are taken from filings submitted to the U.S. Securities and Exchange Commission (SEC) and processed automatically by EquiReason. They may contain errors, omissions or delays, and EquiReason makes no representation or warranty as to their accuracy, completeness or timeliness. Always verify figures against the original filing on SEC EDGAR before relying on them.

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