secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2026-06-11T20:48:58+00:00
Accession:  0001628280-26-042551
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828026042551/0001628280-26-042551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828026042551/len-20260611.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-042551

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer