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AI brief of an SEC Form 8-K · Meritage Homes (MTH)

Meritage Homes Q3 net earnings fall 32% to $68 million on 15% lower orders

Negative Impact 3 of 5 earnings

Meritage Homes reported third quarter 2026 results for the period ended September 30, 2026. Home closing revenue fell 17% year over year to $1.2 billion, and net earnings dropped 32% to $68 million, or $1.04 per diluted share, as the company said it focused on preserving margins over sales pace.

Key points

  • Home closing revenue fell 17% year over year to $1.2 billion on 14% fewer closings of 3,187 homes.
  • Net earnings were $68 million, or $1.04 per diluted share, compared with $99 million, or $1.39, in the third quarter of 2025.
  • Home closing gross margin was 17.4%, down from 19.1%; adjusted margin was 17.9%, down from 20.1%.
  • Cash totaled $677 million at September 30, 2026, with no borrowings under the revolving credit facility; the company returned $86 million to shareholders in the quarter.

The filing

CompanyMeritage Homes (MTH)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:31 PM ET
Accession number0000833079-26-000133

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.