M/I Homes Q2 net income falls to $79 million, or $3.02 per share, from $121 million
M/I Homes reported second-quarter 2026 revenue down 9% to $1.1 billion and net income of $79 million ($3.02 per diluted share), versus $121 million ($4.42 per share) a year earlier. Homes delivered fell 6%, although new contracts rose 15% to a second-quarter record, and the company reported record shareholders' equity of $3.2 billion and $50 million of stock repurchases.
Key points
- Total revenue fell 9% to $1.1 billion; homes delivered decreased 6% to 2,206.
- Net income was $79 million ($3.02 per diluted share) versus $121 million ($4.42) a year earlier, including $4 million of inventory charges ($0.12 per diluted share).
- New contracts rose 15% to a record 2,387; backlog sales value was $1.31 billion, down 8% from a year ago.
- The company repurchased $50 million of common stock; shareholders' equity reached a record $3.2 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 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 July 29, 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.