---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-26-000103"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:59:38.036038+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes Q1 net earnings down 55% to $55.3M; home closing margin falls to 17.5%

## Summary
- Net earnings $55.3M (diluted EPS $0.82) vs $122.8M ($1.69) in Q1 2025, down 55%.
- Home closing revenue $1.11B (-17% YoY) on 2,967 closings (-13%); ASP $373K (-5%).
- Home closing gross margin 17.5% vs 22.0% due to higher incentives, lot costs, and reduced fixed cost leverage.
- Repurchased 1.8M shares for $130M (2.7% of shares outstanding); paid $32M in dividends ($0.48/share, up from $0.43).
- Guidance: full-year 2026 home closing volume and revenue expected at or within 5% of 2025 levels.

## SEC filing metadata
- accession: 0000833079-26-000103
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/0000833079-26-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/mth-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-26-000103
- JSON: https://secwatch.observer/filing/0000833079-26-000103.json
- Plain text: https://secwatch.observer/filing/0000833079-26-000103.txt

## Key facts
- Earnings Releases
  Meritage Homes CORP reported first quarter 2026 results: revenue $1.1 billion, net income $55 million, EPS $0.82 per diluted share.
  - Period: first quarter 2026
  - Revenue: $1.1 billion
  - Net income: $55 million
  - EPS: $0.82 per diluted share
  - Result: reported results
  source text: from intra-quarter sales, a backlog conversion rate of 254%," added Phillippe Lord, chief executive officer of Meritage Homes. "First quarter 2026 home closing revenue totaled $1.1 billion, however the difficult macroeconomic conditions this quarter drove a lower revenue leverage and increased incentives, resulting in home closing gross margin of 17.5% and diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/0000833079-26-000103-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.