Meritage Homes Q2 2026 net earnings down 38% YoY; home closing revenue falls 14%

Meritage Homes CORP

Net earnings $90.6M ($1.37 diluted EPS) vs $146.9M ($2.04) in Q2 2025, down 38%.
Home closing revenue $1.39B, down 14% YoY; closings 3,725 units (-11%).
Home closing gross margin 18.3% vs 21.1% YoY, down 280 bps; adjusted margin 18.6%.
Orders 3,575 units (-9% YoY); average community count up 14% but absorption pace down 19%.
Full year 2026 guidance: home closing volume and revenue expected around 5% below 2025.

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