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LENNAR® Investor Relations ✓ Lennar Reports Third Quarter 2026 Results Sep 16 , 2026 Third Quarter 2026 Highlights ✓ • Net earnings per diluted share of $ 1.19 ( $ 1.23 excluding mark - to - market losses on technology investments and one - time items in the Company's Financial Services segment ) • Net earnings of $ 284 million • New orders decreased 9 % , to 20,879 homes , compared to prior year • Backlog of 16,857 homes with a dollar value of $ 6.3 billion • Deliveries decreased 3 % , to 20,840 homes , compared to prior year • Total revenues of $ 8.0 billion • Homebuilding operating earnings of $ 502 million • Gross margin on home sales of 15.8 % • S , G & A expenses as a % of revenues from home sales of 9.2 % • Net margin on home sales of 6.6 % • Financial Services operating earnings of $ 129 million • Multifamily operating loss of $ 3 million • Lennar Other operating loss of $ 84 million • Homebuilding cash and cash equivalents of $ 1.2 billion • Redeemed $ 400 million of 5.25 % senior notes due June 2026 • Outstanding borrowings of $ 650 million under the Company's $ 3.1 billion revolving credit facility • Homebuilding debt to total capital of 16.6 % • Repurchased 3 million shares of Lennar common stock for $ 256 million MIAMI , Sept. 16 , 2026 / PRNewswire / -- Lennar Corporation ( NYSE : LEN and LEN.B ) , one of the nation's leading homebuilders , today reported results for its third quarter ended August 31 , 2026. Third quarter net earnings attributable to Lennar in 2026 were $ 284 million , or $ 1.19 per diluted share , compared to third quarter net earnings attributable to Lennar in 2025 of $ 591 million , or $ 2.29 per diluted share . Excluding mark - to - market losses of $ 53 million on technology investments and one - time items of $ 39 million , net , in the Company's Financial Services segment , third quarter net earnings attributable to Lennar in 2026 were $ 294 million , or $ 1.23 per diluted share , compared to $ 516 million , or $ 2.00 per diluted share , excluding mark - to - market gains of $ 99 million on technology investments , in the third quarter of 2025 . Page 1 of 10 Stuart Miller , Executive Chairman , Chief Executive Officer and President of Lennar , said , " Our third quarter 2026 results reflect consistent focus on our operating strategy of maintaining volume and production while navigating a