---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-062287"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2026-09-16T20:42:59+00:00"
generated_at: "2026-09-16T20:45:09.553223+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lennar Q3 EPS $1.19 vs $2.29 YoY; cuts FY2026 delivery guidance to 80-81k

## Summary
- Net earnings $284M, diluted EPS $1.19; adjusted EPS $1.23 excluding $53M mark-to-market losses and $39M one-time items.
- Total revenues $8.0B; home sales revenues $7.7B (-6% YoY); deliveries 20,840 homes (-3%); ASP $372k (-3%).
- New orders 20,879 (-9%); backlog 16,857 homes worth $6.3B.
- Q4 guidance: deliveries 22,000-23,000; new orders 19,500-20,500; gross margin 15.5%-16.0%.
- FY2026 deliveries cut to 80,000-81,000 from prior 82-83k; 30-year mortgage ~6.8% at quarter-end pressured demand.

## SEC filing metadata
- accession: 0001628280-26-062287
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2026-09-16T20:42:59+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/920760/000162828026062287/0001628280-26-062287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828026062287/len-20260916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-062287
- JSON: https://secwatch.observer/filing/0001628280-26-062287.json
- Plain text: https://secwatch.observer/filing/0001628280-26-062287.txt

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