Lennar Corporation stock falls 1.19 percent as Q3 EPS drops

Published on 09/25/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lennar stock posted adjusted EPS of USD 1.23 versus USD 1.29 consensus on September 17, 2026. Revenue reached USD 8.05 billion against USD 8.33 billion expected.

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Lennar Corporation (ISIN US5260571048) stock was trading at USD 80.50 on the NYSE on September 25, 2026, down 1.19 percent from the prior close of USD 81.47. The companys third-quarter fiscal 2026 results showed adjusted EPS of USD 1.23 against a Zacks consensus estimate of USD 1.29.

Revenue misses by USD 280 million

According to Zacks on September 17, 2026, total revenue for the quarter ended August 31, 2026, was USD 8.05 billion, 8.6 percent below the prior-year figure of USD 8.81 billion and 3.4 percent below the USD 8.33 billion consensus estimate.

The adjusted EPS result was 4.7 percent below the USD 1.29 estimate and 38.5 percent below the USD 2.00 recorded in the third quarter of fiscal 2025. The comparison points to pressure on both demand and profitability rather than a single accounting effect.

Margins narrow as deliveries decline

Lennar Corporation reported on September 16, 2026, that third-quarter diluted EPS was USD 1.19, compared with USD 2.29 a year earlier. Net earnings attributable to Lennar were USD 284 million versus USD 591 million, while deliveries declined 3 percent to 20,840 homes.

The companys home sales gross margin was 15.8 percent, down from 17.5 percent in the prior-year quarter. Lennar also gave fourth-quarter guidance for 22,000 to 23,000 deliveries and a home sales gross margin of 15.5 percent to 16.0 percent.

Stock trades near yearly low

At USD 80.50 on September 25, 2026 at 11:28 a.m. ET, Lennar stock stood above its 52-week low of USD 75.70 and below its 52-week high of USD 133.76. The session range was USD 80.36 to USD 82.15, and trading volume had reached 957,421 shares.

The market capitalization was USD 19,987,769,316 on September 25, 2026. For investors, the next valuation debate centers on whether the fourth-quarter delivery range can stabilize earnings after the Q3 comparison weakened across revenue, EPS and gross margin.