The financials
Lennar by the numbers
Lennar (LEN) reported revenue of $7.94B in Q2 2026 (quarter ended May 31, 2026), down 5.2% from the same quarter a year earlier. That came with net income of $305M (3.8% of revenue). For the full year FY2025, revenue was $34.2B (−3.5% year on year) and net income $2.08B. Its largest segment in 2026-Q2 was Homebuilding West at $2.76B, 35% of the disclosed total, just ahead of Homebuilding East at 22%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $7.94B | $8.38B | −5.2% |
| Operating income | $398M | $628M | −37% |
| Net income | $305M | $477M | −36% |
| Diluted EPS | $1.24 | $1.81 | −31% |
| Operating | Revenue | Share |
|---|---|---|
| Homebuilding West | $2.76B | 35% |
| Homebuilding East | $1.71B | 22% |
| Homebuilding Central | $1.66B | 21% |
| Homebuilding South Central | $1.46B | 18% |
| Lennar Financial Services | $237M | 3.0% |
| Lennar Multifamily | $64M | 0.8% |
| Lennar Other | $23M | 0.3% |
| Homebuilding Other Regions | $1.9M | 0.0% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $7.92B (+20%)
Lennar Other grew +340% year on yearLennar Multifamily -72% year on year
Segment Latestquarter on quarteryear on year
- Homebuilding West$2.76B$2.76BQoQ +22%year on year -2.2%+22%-2.2%
- Homebuilding East$1.71B$1.71BQoQ +13%year on year -0.36%+13%-0.36%
- Homebuilding Central$1.66B$1.66BQoQ +24%year on year -4.6%+24%-4.6%
- Homebuilding South Central$1.46B$1.46BQoQ +26%year on year -2.8%+26%-2.8%
- Lennar Financial Services$236.9M$236.9MQoQ +9.9%year on year -21%+9.9%-21%
- Lennar Multifamily$63.6M$63.6MQoQ -23%year on year -72%-23%-72%
- Lennar Other$23.1M$23.1MQoQ +0.86%year on year +340%+0.86%+340%
- Homebuilding Other Regions$1.9M$1.9MQoQ -51%year on year -61%-51%-61%
- Homebuilding Texas--QoQ -year on year ---
Residential Construction
Ranks #12 of 14 by Smart Score