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

LGI Homes Q2 net income falls to $27.0 million as revenue rises and guidance is raised

Mixed Impact 4 of 5 earnings Written later

LGI Homes reported second-quarter 2026 total revenues of $516.0 million, up from $488.2 million a year earlier, but net income fell to $27.0 million, or $1.16 per diluted share, from $31.5 million, or $1.36 per diluted share. The company raised its full-year 2026 average sales price and homebuilding gross margin guidance for the second consecutive quarter.

Key points

  • Q2 total revenues of $516.0 million vs. $488.2 million in Q2 2025; net income of $27.0 million vs. $31.5 million
  • Diluted EPS of $1.16 vs. $1.36 in the prior-year quarter; homebuilding gross margin of 19.8% vs. 22.9%
  • Full-year 2026 average sales price guidance raised to $360,000-$370,000; homebuilding gross margin guidance raised to 19.0%-21.0%
  • Debt reduced by $128.6 million in the quarter; debt-to-capital ratio of 42.6% at June 30, 2026

The filing

CompanyLGI Homes (LGIH)
Form8-K, current report
Filed with the SECAug 4, 2026, 9:00 AM ET
Accession number0001580670-26-000069

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 August 04, 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.