5.2%
Revenue Decline
LEN experienced a 5.2% decrease in revenue compared to the previous year, reflecting challenges in market demand.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
LEN's Q2 FY2026 results show a decline in revenue and net income, with significant challenges in maintaining profitability amid increased liabilities and reduced equity.
Revenue
$7.94B
-5.22% YoY
EPS (Basic)
$1.24
-31.49% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
LEN experienced a 5.2% decrease in revenue compared to the previous year, reflecting challenges in market demand.
Source: Source: 10-Q Income Statement, p.1
Net income fell by 36.2%, indicating significant margin pressures and increased cost challenges.
Source: Source: 10-Q Income Statement, p.1
Operating cash flow improved by 48.1% year-over-year, suggesting better cash management despite revenue declines.
Source: Source: 10-Q Cash Flow Statement, p.1
The company's total liabilities increased by 2.5%, which could pressure future financial flexibility and increase interest obligations.
Source: Source: 10-Q Balance Sheet, p.1
Unlock 2 more detailed risk analysis
Upgrade to unlockReported EPS of $1.24 versus the $1.25 analyst consensus — a -1.1% miss for Q2 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $7.94B | $8.38B | -5.22% |
Net Income | $304.77M | $477.45M | -36.17% |
EPS (Basic) | $1.24 | $1.81 | -31.49% |
EPS (Diluted) | $1.24 | $1.81 | -31.49% |
SG&A Expense | $698.39M | $688.85M | +1.39% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $33.7B | $34.37B | -1.96% |
Total Liabilities | $11.94B | $11.64B | +2.52% |
Stockholders' Equity | $21.62B | $22.58B | -4.24% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $-717.88M | $-1.38B | +48.13% |
Investing Cash FlowYTD | $77.44M | $182.88M | -57.66% |
Financing Cash FlowYTD | $-1.02B | $-2.31B | +56.00% |
Share BuybacksYTD | $736.79M | $1.3B | -43.14% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Margin | 3.8% | — | — |
ROE | 1.4% | — | — |
ROA | 0.9% | — | — |
Debt to Equity | $0.552 | — | — |
Lennar's Q1 FY2026 results showed significant pressure with revenue declining 13.3% YoY to $6.62B and net income falling 55.8% to $229M, reflecting a challenging homebuilding environment with negative operating cash flow of -$433.5M.
Lennar's FY2025 results showed significant pressure with revenue declining 3.5% to $34.2B and net income nearly halving to $2.1B, driven by margin compression and a sharp 91% drop in operating cash flow, even as the company continued returning capital through $1.8B in share buybacks.
Other companies in Homebuilding
The filing does not provide information on earnings estimates; however, LEN's net income decreased by 36.2% YoY to $304.77M.
Key takeaways include a 5.2% decline in revenue, a 36.2% drop in net income, and improved operating cash flow by 48.1% YoY.
Risks include increased liabilities by 2.5%, declining equity by 4.2%, and reduced share buybacks by 43.1%.
LEN's revenue decreased by 5.2% YoY to $7.94B, indicating a contraction in sales.
LEN faces challenges with declining revenue and net income, increased liabilities, and reduced equity, but has improved cash flow management.