Lennar Corp (LEN.B) stock

LEN.BNYSEGeneral Bldg Contractors - Residential BldgsFiscal year ends November 30Also trades as LEN

Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 2, 2026Score 8/3012% above fair value

$84.28+1.82 (+2.21%)

Close on Oct 29, 2026Market cap $20.27BP/E 15.9Yield –

Earnings

Lennar's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Dec 15, 2026

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$8.00B

-9.1% on a year earlier

excluding mark-to-market losses on technology investments and one-time items in the Company's Financ, Q3 FY2026

$1.23

$2.00 a year earlier

Latest guidance

Issued

Sep 16, 2026 · 1 item

Quarterly results

Revenue and earnings per share from each of Lennar's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Nov 30, 2026	Dec 15, 2026Expected	–	–	–	–	–
Q3 FY2026ended Aug 31, 2026	Sep 16, 2026after the close	$8.00B	-9.1%	$1.19	$1.23	Release
Q2 FY2026ended May 31, 2026	Jun 11, 2026after the close	$7.90B	-6.0%	$1.24	$1.31	Release
Q1 FY2026ended Feb 28, 2026	Mar 12, 2026after the close	$6.60B	-13.2%	$0.93	$0.88	Release
Q4 FY2025ended Nov 30, 2025	Dec 16, 2025after the close	$9.40B	-5.1%	$1.93	$2.03	Release
Q3 FY2025ended Aug 31, 2025	Sep 19, 2025after the close	$8.80B	-6.4%	$2.29	$2.00	Release
Q2 FY2025ended May 31, 2025	Jun 17, 2025after the close	$8.40B	-4.5%	$1.81	$1.90	Release
Q1 FY2025ended Feb 28, 2025	Mar 20, 2025after the close	$7.60B	+4.1%	$1.96	$2.14	Release
Q4 FY2024ended Nov 30, 2024	Dec 18, 2024after the close	$9.90B	-10.0%	$4.06	$4.03	Release
Q3 FY2024ended Aug 31, 2024	Sep 19, 2024after the close	$9.40B	+8.0%	$4.26	$3.90	Release
Q2 FY2024ended May 31, 2024	Jun 17, 2024after the close	$8.80B	+10.0%	$3.45	$3.38	Release
Q1 FY2024ended Feb 29, 2024	Mar 13, 2024after the close	$7.30B	+12.3%	$2.57	–	Release
Q4 FY2023ended Nov 30, 2023	Dec 14, 2023after the close	$11.00B	+7.8%	$4.82	$5.17	Release
Q3 FY2023ended Aug 31, 2023	Sep 14, 2023after the close	$8.70B	-2.2%	$3.87	$3.91	Release
Q2 FY2023ended May 31, 2023	Jun 14, 2023after the close	$8.00B	-4.8%	$3.01	$2.94	Release
Q1 FY2023ended Feb 28, 2023	Mar 14, 2023after the close	$6.50B	+4.8%	$2.06	$2.12	Release
Q4 FY2022ended Nov 30, 2022	Dec 14, 2022after the close	$10.20B	+21.4%	$4.55	$5.02	Release
Q3 FY2022ended Aug 31, 2022	Sep 21, 2022after the close	$8.90B	–	$5.03	$5.18	Release
Q2 FY2022ended May 31, 2022	Jun 21, 2022during market hours	$8.40B	–	$4.49	$4.69	Release
Q1 FY2022ended Feb 28, 2022	Mar 16, 2022after the close	$6.20B	–	$1.69	$2.70	Release
Q4 FY2021ended Nov 30, 2021	Dec 15, 2021after the close	$8.40B	–	$3.91	$4.36	Release
Q3 FY2021ended Aug 31, 2021	Sep 20, 2021after the close	–	–	–	–	Release
Q2 FY2021ended May 31, 2021	Jun 16, 2021after the close	–	–	–	–	Release
Q1 FY2021ended Feb 28, 2021	Mar 16, 2021after the close	–	–	–	–	Release
Q4 FY2020ended Nov 30, 2020	Dec 16, 2020after the close	–	–	–	–	Release
Q3 FY2020ended Aug 31, 2020	Sep 14, 2020after the close	–	–	–	–	Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Lennar's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Financial Services Operating Earnings	Q4 FY2026	$90.00M – $95.00M	–	New	Sep 16, 2026
deliveries	FY2026	82,000 – 83,000	85,000	Lowered	Jun 11, 2026

Guidance history

Every forecast Lennar put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Sep 16, 2026	Financial Services Operating Earnings	Q4 FY2026	$90.00M – $95.00M	New
Jun 11, 2026	Gross Margin % on Home Sales	Q3 FY2026	16%	New
Jun 11, 2026	Financial Services Operating Earnings	Q3 FY2026	$95.00M – $100.00M	New
Jun 11, 2026	New Orders	Q3 FY2026	21,000 – 22,000	New
Jun 11, 2026	Deliveries	Q3 FY2026	20,500 – 21,500	Lowered
Jun 11, 2026	Average Sales Price	Q3 FY2026	$375.00K – $380.00K	New
Jun 11, 2026	SG&A as a % of Home Sales	Q3 FY2026	8.8% – 9%	New
Jun 11, 2026	deliveries	FY2026	82,000 – 83,000	Lowered
Mar 12, 2026	Gross Margin % on Home Sales	Q2 FY2026	15.5% – 16%	New
Mar 12, 2026	Financial Services Operating Earnings	Q2 FY2026	$100.00M – $110.00M	New
Mar 12, 2026	New Orders	Q2 FY2026	21,000 – 22,000	New
Mar 12, 2026	Deliveries	Q2 FY2026	20,000 – 21,000	Lowered
Mar 12, 2026	SG&A as a % of Home Sales	Q2 FY2026	8.9% – 9.1%	New
Mar 12, 2026	Average Sales Price	Q2 FY2026	$370.00K – $375.00K	New
Dec 16, 2025	Gross Margin % on Home Sales	Q1 FY2026	15% – 16%	New
Dec 16, 2025	Financial Services Operating Earnings	Q1 FY2026	$105.00M – $110.00M	New
Dec 16, 2025	deliveries	FY2026	85,000	New
Dec 16, 2025	New Orders	Q1 FY2026	18,000 – 19,000	New
Dec 16, 2025	Deliveries	Q1 FY2026	17,000 – 18,000	Lowered
Dec 16, 2025	S,G&A as a % of Home Sales	Q1 FY2026	9.5%	New
Dec 16, 2025	Average Sales Price	Q1 FY2026	$365.00K – $375.00K	New
Sep 18, 2025	gross margin	Q4 FY2025	17.5%	New
Sep 18, 2025	Financial Services Operating Earnings	Q4 FY2025	$130.00M – $135.00M	New
Sep 18, 2025	New Orders	Q4 FY2025	20,000 – 21,000	New
Sep 18, 2025	Deliveries	Q4 FY2025	22,000 – 23,000	Raised
Sep 18, 2025	SG&A as a % of Home Sales	Q4 FY2025	7.8% – 8%	New
Sep 18, 2025	Average Sales Price	Q4 FY2025	$380.00K – $390.00K	New
Jun 16, 2025	Gross Margin % on Home Sales	Q3 FY2025	18%	New
Jun 16, 2025	Financial Services Operating Earnings	Q3 FY2025	$175.00M – $180.00M	New
Jun 16, 2025	New Orders	Q3 FY2025	22,000 – 23,000	New
Jun 16, 2025	Deliveries	Q3 FY2025	22,000 – 23,000	Reaffirmed
Jun 16, 2025	SG&A as a % of Home Sales	Q3 FY2025	8% – 8.2%	New
Jun 16, 2025	Average Sales Price	Q3 FY2025	$380.00K – $385.00K	New
Mar 20, 2025	Gross Margin % on Home Sales	Q2 FY2025	18%	New
Mar 20, 2025	Financial Services Operating Earnings	Q2 FY2025	$135.00M – $145.00M	New
Mar 20, 2025	New Orders	Q2 FY2025	22,500 – 23,500	New
Mar 20, 2025	Deliveries	Q2 FY2025	19,500 – 20,500	Lowered
Mar 20, 2025	S,G&A as a % of Home Sales	Q2 FY2025	8% – 8.2%	New
Mar 20, 2025	Average Sales Price	Q2 FY2025	$390.00K – $400.00K	New
Dec 18, 2024	Gross Margin % on Home Sales	Q1 FY2025	19% – 19.25%	New
Dec 18, 2024	Financial Services Operating Earnings	Q1 FY2025	$100.00M – $110.00M	New
Dec 18, 2024	New Orders	Q1 FY2025	17,500 – 18,000	New
Dec 18, 2024	Deliveries	Q1 FY2025	17,000 – 17,500	Lowered
Dec 18, 2024	S,G&A as a % of Home Sales	Q1 FY2025	8.7% – 8.8%	New
Dec 18, 2024	Average Sales Price	Q1 FY2025	$410.00K – $415.00K	New
Dec 18, 2024	deliver	FY2025	86,000 – 88,000	New
Sep 19, 2024	Financial Services Operating Earnings	Q4 FY2024	$140.00M	New
Sep 19, 2024	New Orders	Q4 FY2024	19,000 – 19,300	New
Sep 19, 2024	Deliveries	Q4 FY2024	22,500 – 23,000	Raised
Sep 19, 2024	S,G&A as a % of Home Sales	Q4 FY2024	6.7% – 6.8%	New
Sep 19, 2024	Average Sales Price	Q4 FY2024	$425.00K	New
Jun 17, 2024	Gross Margin % on Home Sales	Q3 FY2024	23%	New
Jun 17, 2024	Financial Services Operating Earnings	Q3 FY2024	$135.00M – $140.00M	New
Jun 17, 2024	New Orders	Q3 FY2024	20,500 – 21,000	New
Jun 17, 2024	Deliveries	Q3 FY2024	20,500 – 21,000	Reaffirmed
Jun 17, 2024	S,G&A as a % of Home Sales	Q3 FY2024	7.3% – 7.5%	New
Jun 17, 2024	Average Sales Price	Q3 FY2024	$420.00K – $425.00K	New
Jun 17, 2024	delivering	FY2024	80,000	Reaffirmed
Mar 13, 2024	Gross Margin % on Home Sales	Q2 FY2024	22.5%	New
Mar 13, 2024	Financial Services Operating Earnings	Q2 FY2024	$110.00M – $115.00M	New
Mar 13, 2024	New Orders	Q2 FY2024	20,900 – 21,300	New
Mar 13, 2024	Deliveries	Q2 FY2024	19,000 – 19,500	Lowered
Mar 13, 2024	S,G&A as a % of Home Sales	Q2 FY2024	7.2%	New
Mar 13, 2024	Average Sales Price	Q2 FY2024	$420.00K – $425.00K	New
Dec 14, 2023	Gross Margin % on Home Sales	Q1 FY2024	21% – 21.25%	New
Dec 14, 2023	Financial Services Operating Earnings	Q1 FY2024	$85.00M – $90.00M	New
Dec 14, 2023	New Orders	Q1 FY2024	17,500 – 18,000	New
Dec 14, 2023	Deliveries	Q1 FY2024	16,500 – 17,000	Lowered
Dec 14, 2023	S,G&A as a % of Home Sales	Q1 FY2024	8% – 8.2%	New
Dec 14, 2023	Average Sales Price	Q1 FY2024	$420.00K	New
Dec 14, 2023	Deliveries	FY2024	80,000	New
Sep 14, 2023	Gross Margin % on Home Sales	Q4 FY2023	24.4% – 24.6%	New
Sep 14, 2023	Financial Services Operating Earnings	Q4 FY2023	$130.00M – $135.00M	New
Sep 14, 2023	New Orders	Q4 FY2023	16,200 – 17,200	New
Sep 14, 2023	Deliveries	Q4 FY2023	21,500 – 22,500	Raised
Sep 14, 2023	S,G&A as a % of Home Sales	Q4 FY2023	6.7% – 6.9%	New
Jun 14, 2023	gross margin	Q3 FY2023	23.5% – 24%	New
Jun 14, 2023	Financial Services Operating Earnings	Q3 FY2023	$100.00M – $105.00M	New
Jun 14, 2023	Deliveries	Q3 FY2023	17,750 – 18,250	New
Jun 14, 2023	New Orders	Q3 FY2023	18,000 – 19,000	Raised
Jun 14, 2023	S,G&A as a % of Home Sales	Q3 FY2023	6.7% – 6.8%	New
Jun 14, 2023	Deliveries	FY2023	68,000 – 70,000	Raised
Mar 14, 2023	gross margin	Q2 FY2023	21% – 21.5%	New
Mar 14, 2023	Financial Services Operating Earnings	Q2 FY2023	$70.00M – $75.00M	New
Mar 14, 2023	New Orders	Q2 FY2023	16,000 – 17,000	New
Mar 14, 2023	deliveries	Q2 FY2023	15,000 – 16,000	Lowered
Mar 14, 2023	S,G&A as a % of Home Sales	Q2 FY2023	7.2% – 7.4%	New
Mar 14, 2023	Average Sales Price	Q2 FY2023	$435.00K – $445.00K	New
Mar 14, 2023	deliveries	FY2023	62,000 – 66,000	Raised
Dec 14, 2022	Gross Margin % on Home Sales	Q1 FY2023	21%	New
Dec 14, 2022	Financial Services Operating Earnings	Q1 FY2023	$50.00M – $55.00M	New
Dec 14, 2022	New Orders	Q1 FY2023	12,000 – 13,500	New
Dec 14, 2022	Deliveries	Q1 FY2023	12,000 – 13,500	Reaffirmed
Dec 14, 2022	S,G&A as a % of Home Sales	Q1 FY2023	8%	New
Dec 14, 2022	Average Sales Price	Q1 FY2023	$440.00K – $450.00K	New
Dec 14, 2022	Deliveries	FY2023	60,000 – 65,000	New
Sep 21, 2022	Gross Margin % on Home Sales	Q4 FY2022	26% – 27%	New
Sep 21, 2022	Financial Services Operating Earnings	Q4 FY2022	$50.00M – $60.00M	New
Sep 21, 2022	New Orders	Q4 FY2022	14,000 – 15,500	New
Sep 21, 2022	Deliveries	Q4 FY2022	20,000 – 21,000	Raised
Sep 21, 2022	S,G&A as a % of Home Sales	Q4 FY2022	5.7% – 5.9%	New
Sep 21, 2022	Average Sales Price	Q4 FY2022	$475.00K – $480.00K	New
Sep 21, 2022	ending community count	FY2022	+5%	New
Jun 21, 2022	Gross Margin % on Home Sales	Q3 FY2022	28.5% – 29.5%	New
Jun 21, 2022	Financial Services Operating Earnings	Q3 FY2022	$70.00M – $75.00M	New
Jun 21, 2022	New Orders	Q3 FY2022	16,000 – 18,000	New
Jun 21, 2022	Deliveries	Q3 FY2022	17,000 – 18,500	Raised
Jun 21, 2022	S,G&A as a % of Home Sales	Q3 FY2022	6% – 6.5%	New
Jun 21, 2022	delivery expectations	FY2022	68,000	Reaffirmed
Mar 16, 2022	homebuilding gross margins	Q2 FY2022	28% – 28.25%	New
Mar 16, 2022	homebuilding gross margins	FY2022	27.25% – 28%	Raised
Mar 16, 2022	Financial Services Operating Earnings	Q2 FY2022	$90.00M – $100.00M	New
Mar 16, 2022	Financial Services Operating Earnings	FY2022	$440.00M – $450.00M	Reaffirmed
Mar 16, 2022	New Orders	Q2 FY2022	17,800 – 18,200	New
Mar 16, 2022	deliveries	Q2 FY2022	16,000 – 16,300	Lowered
Mar 16, 2022	S,G&A as a % of Home Sales	Q2 FY2022	6.8% – 7%	New
Mar 16, 2022	Average Sales Price	Q2 FY2022	$470.00K	New
Mar 16, 2022	deliveries	FY2022	68,000	Raised
Mar 16, 2022	S,G&A as a % of Home Sales	FY2022	6.6% – 6.8%	Lowered
Mar 16, 2022	Average Sales Price	FY2022	$470.00K – $475.00K	Raised
Dec 15, 2021	Gross Margin % on Home Sales	Q1 FY2022	26.75%	New
Dec 15, 2021	Gross Margin % on Home Sales	FY2022	27% – 27.5%	New
Dec 15, 2021	Financial Services Operating Earnings	Q1 FY2022	$85.00M – $90.00M	New
Dec 15, 2021	Financial Services Operating Earnings	FY2022	$440.00M – $450.00M	New
Dec 15, 2021	New Orders	Q1 FY2022	14,800 – 15,100	New
Dec 15, 2021	Deliveries	Q1 FY2022	12,500	Lowered
Dec 15, 2021	S,G&A as a % of Home Sales	Q1 FY2022	7.8% – 7.9%	New
Dec 15, 2021	Average Sales Price	Q1 FY2022	$460.00K	New
Dec 15, 2021	Deliveries	FY2022	67,000	New
Dec 15, 2021	S,G&A as a % of Home Sales	FY2022	6.8% – 6.9%	New
Dec 15, 2021	Average Sales Price	FY2022	$460.00K	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.