Lennar Corporation Class A (LEN) Financials
Key financial figures for Lennar Corporation Class A (Q3 2026).
Lennar's Q3 FY2026 net earnings fell to $284 million ($1.19 diluted EPS) from $591 million ($2.29) a year ago, as deliveries slipped 3% to 20,840 homes and new orders fell 9% to 20,879 amid a softer housing market. Total revenues of $8.0 billion (Q3 FY2026), down from $8.8 billion in Q3 FY2025. Net earnings attributable to Lennar of $284 million ($1.19 diluted EPS), down from $591 million ($2.29) a year ago; excluding mark-to-market losses on technology investments and one-time Financial Services items, adjusted net earnings were $294 million ($1.23 per diluted share). Homebuilding operating earnings of $502 million, with gross margin on home sales of 15.8%, SG&A as a percentage of home-sale revenue of 9.2%, and net margin on home sales of 6.6%. On the outlook: For Q4 FY2026, Lennar guided to new orders of 19,500-20,500 homes, deliveries of 22,000-23,000 homes, an average sales price of $370,000-$380,000, gross margin on home sales of 15.5%-16.0%, SG&A as a percentage of home-sale revenue of 8.7%-9.0%, and Financial Services operating earnings of $90-95 million. Figures are for Q3 FY2026, as Lennar Corporation reported them.
- Revenue
- $8.0B
- Net Income
- $284M
- EPS
- $1.19
- Total Assets
- $33.4B
- Operating Cash Flow
- $0
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $8.0B | $284M | $1.19 | 5.71% | $0 |
| Q2 FY2026 | $7.9B | $308M | $1.23 | 4.39% | -$303M |
| Q1 FY2026 | $6.6B | $229M | $0.94 | 3.52% | -$358M |
| Q4 FY2025 | $9.4B | $490M | $1.93 | 7.12% | $1.7B |
| Q3 FY2025 | $8.8B | $591M | $2.29 | 8.19% | -$191M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $34.2B | $2.1B | $7.98 | 8.05% | $28M |
| FY2024 | $35.4B | $3.9B | $14.31 | 13.68% | $2.2B |
| FY2023 | $34.2B | $3.9B | $13.73 | 15.89% | $5.1B |
Frequently asked questions
What was Lennar Corporation's revenue last quarter?
Lennar Corporation reported revenue of $8.05 billion for Q3 FY2026, down 8.7% from the same period a year earlier.
Is Lennar Corporation profitable?
Yes. Lennar Corporation reported net income of $283.9 million for Q3 FY2026, a net margin of 3.53% on revenue.
How has Lennar Corporation's margin trended?
Operating margin was 5.71% in Q3 FY2026, compared with 8.19% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Lennar Corporation generate?
Lennar Corporation generated free cash flow of $0.00 in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Lennar Corporation Class A on SentiSense, with up to forty quarters and twenty fiscal years of history.