Revenue $8.05B, down 8.7% on a year earlier. Sales of land $18.44M, down 39.6%. Average sales price of homes delivered $372,000, down 2.9%. Diluted EPS $1.19 against $2.29.
| Q3 FY26 | Q2 FY26 | Q3 FY25 | Year over year | |
|---|---|---|---|---|
| Revenue | $8.05B | $7.94B | $8.81B | -8.7% |
| Net income | $283.88M | $304.77M | $590.97M | -52.0% |
| Diluted EPS | $1.19 | $1.24 | $2.29 | |
| Operating cash flow | -$104.30M | -$284.38M | -$158.61M | |
| Capital expenditures | -$8.02M | -$18.86M | -$32.16M | |
| Free cash flow | -$112.32M | -$303.24M | -$190.78M | |
| Dividend per share | $0.50 | $0.50 | $0.50 |
| Q3 FY26 | Q3 FY25 | Year over year | |
|---|---|---|---|
| Sales of land | $18.44M | $30.52M | -39.6% |
| Average sales price of homes delivered | $372,000 | $383,000 | -2.9% |
| Lennar Financial Services Revenue | $226.12M | $314.19M | -28.0% |
| Backlog dollar value | $6.30B | $6.65B | -5.2% |
| Homebuilding Revenues | $7.76B | $8.25B | -6.0% |
| Revenues from home sales | $7.73B | $8.25B | -6.3% |
| Home deliveries growth | -3% | — |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “Lennar (LEN) Q3 FY26 earnings: results and KPIs”, stockatlas.com/companies/LEN/earnings/2026-q3/, data as of 3 November 2026. Links to this page are welcome.
