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AI brief of an SEC Form 8-K · Lennar (LEN)

Lennar Q1 net earnings drop to $229 million, $0.93 per share, from $520 million a year earlier

Negative Impact 4 of 5 earnings Written later

Lennar reported first-quarter 2026 results for the period ended February 28, 2026, with net earnings attributable to Lennar of $229 million, or $0.93 per diluted share, down from $520 million, or $1.96 per diluted share, a year earlier. Total revenues were $6.6 billion, compared with $7.6 billion, as home deliveries fell 5% and the average sales price dropped to $374,000 from $408,000. The company also gave second-quarter 2026 delivery and margin guidance.

Key points

  • Net earnings $229 million, or $0.93 per diluted share, versus $520 million, or $1.96, in Q1 2025
  • Total revenues $6.6 billion versus $7.6 billion; gross margin on home sales 15.2% versus 18.7%
  • Q2 2026 guidance: 20,000 to 21,000 deliveries and gross margin of 15.5% to 16.0%
  • Repurchased 2 million shares for $237 million during the quarter

The filing

CompanyLennar (LEN)
Form8-K, current report
Filed with the SECMar 12, 2026, 4:34 PM ET
Accession number0001628280-26-017308

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 12, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.