---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-022077"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:43:40.584205+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lennar Q2 EPS $3.01; raises FY delivery guidance to 68k-70k homes

## Summary
- Net earnings $872M ($852M adj), diluted EPS $3.01 ($2.94 adj).
- Homebuilding revenue $7.6B, gross margin 22.5%, net margin 15.8%.
- Homebuilding cash $4.0B, debt to capital 13.3%, no revolver borrowings.
- Q3 guidance: deliveries 17,750-18,250, gross margin 23.5%-24.0%. FY23 deliveries raised to 68k-70k.
- Repurchased 2M shares for $208M and $158M debt in Q2.

## SEC filing metadata
- accession: 0001628280-23-022077
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/920760/000162828023022077/0001628280-23-022077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828023022077/len-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-022077
- JSON: https://secwatch.observer/filing/0001628280-23-022077.json
- Plain text: https://secwatch.observer/filing/0001628280-23-022077.txt

## Key facts
- Earnings Releases
  LENNAR CORP /NEW/ reported second quarter ended May 31, 2023 results: revenue $8.0 billion, net income $872 million, EPS $3.01 per diluted share. Guidance raised.
  - Period: second quarter ended May 31, 2023
  - Revenue: $8.0 billion
  - Net income: $872 million
  - EPS: $3.01 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Lennar Reports Second Quarter 2023 Results Second Quarter 2023 Highlights • Net earnings per diluted share of $3.01 ◦ $2.94, excluding mark-to-market gains on technology investments • Net earnings of $872 million ◦ $852 million, excluding mark-to-market gains on technology investments • Deliveries of 17,074 homes • New orders of 17,885 homes with a dollar value of $8.2 billion • Backlog of 20,214 homes with a dollar value of $9.5 billion • Total revenues of $8.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828023022077/0001628280-23-022077-index.htm

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