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AI brief of an SEC Form 8-K · LGI Homes (LGIH)

LGI Homes Q1 revenue falls to $319.7 million; raises gross margin outlook

Mixed Impact 4 of 5 earnings Written later

LGI Homes reported first quarter 2026 results for the three months ended March 31, 2026. Home sales revenues were $319.7 million, down from $351.4 million a year earlier, and GAAP net income was $2.2 million, or $0.09 per diluted share, versus $4.0 million, or $0.17, in the prior-year quarter. The company raised its full-year 2026 gross margin guidance to 18.5% to 20.5%, citing first quarter margins above its previous range, while reiterating its other 2026 outlook items.

Key points

  • Home sales revenues of $319.7 million versus $351.4 million, with 881 home closings versus 996 a year earlier.
  • GAAP net income of $2.2 million, or $0.09 diluted EPS, versus $0.17; adjusted diluted EPS of $0.24 excludes a $4.7 million inventory impairment (non-GAAP).
  • Full-year 2026 gross margin guidance raised to 18.5% to 20.5%; adjusted gross margin guidance set at 22.0% to 24.0%.
  • Total liquidity of $355.0 million and net debt to capital ratio of 44.0% at March 31, 2026.

The filing

CompanyLGI Homes (LGIH)
Form8-K, current report
Filed with the SECApr 28, 2026, 8:20 AM ET
Accession number0001580670-26-000044

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing 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 April 28, 2026.

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