---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-042551"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2026-06-11T20:48:58+00:00"
generated_at: "2026-06-11T20:50:25.498958+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lennar Q2 EPS $1.24 ($1.31 adj.) down 31% YoY; new orders -4%; full-year delivery guidance cut to 82k-83k homes

## Summary
- Net earnings $305M ($1.24/diluted); adj. EPS $1.31 ex mark-to-market losses on tech investments.
- New orders 21,749 (-4% YoY); deliveries 20,519 (+2% YoY); avg. sales price $371K (-5% YoY).
- Gross margin on home sales 15.6% (down from 17.8% YoY); SG&A 9.2% of home sales (up from 8.8%).
- Repurchased 5M shares for $447M at avg price $89.35.
- Q3 guidance: deliveries 20,500-21,500; gross margin ~16%; FY deliveries now ~82k-83k (moderating).

## SEC filing metadata
- accession: 0001628280-26-042551
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2026-06-11T20:48:58+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/920760/000162828026042551/0001628280-26-042551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828026042551/len-20260611.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-042551
- JSON: https://secwatch.observer/filing/0001628280-26-042551.json
- Plain text: https://secwatch.observer/filing/0001628280-26-042551.txt

## Key facts
- Earnings Releases
  LENNAR CORP /NEW/ reported second quarter ended May 31, 2026 results: net income $305 million, EPS $1.24 per diluted share.
  - Period: second quarter ended May 31, 2026
  - Net income: $305 million
  - EPS: $1.24 per diluted share
  - Result: reported results
  source text: second quarter net earnings attributable to Lennar in 2026 were $305 million, or $1.24 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828026042551/0001628280-26-042551-index.htm

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