Lennar Reports Third Quarter 2026 Results

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  "detected_at": "2026-09-16T20:30:00+00:00",
  "company": {
    "name": "Lennar",
    "domain": "lennar.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/lennar-reports-third-quarter-2026-results-302881102.html",
    "title": "Lennar Reports Third Quarter 2026 Results",
    "excerpt": "Third Quarter 2026 Highlights 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. 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 challenging economic environment. While our earnings of $1.19 per share were below expectations, they reflect the nature of the environment in which we are operating, which has deteriorated since our last earnings call.\" \"Mortgage rates increased through the quarter, with the 30-year rate at approximately...",
    "summary": "Reported total revenues of $8.0 billion for the third quarter of 2026.",
    "location": "Miami, Florida, USA",
    "planning": false,
    "confidence": 0.95,
    "published_at": "2026-09-16T20:30:00Z",
    "location_data": [
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        "city": "Miami",
        "state": "Florida",
        "region": "Northern America",
        "country": "United States",
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    "article_sentence": "We delivered 20,840 homes, within our guidance of 20,500 to 21,500, generated 20,879 new orders and produced total revenues of $8.0 billion.",
    "amount_normalized": 8000000000
  }
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