secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2026-09-16T20:42:59+00:00
Accession:  0001628280-26-062287
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828026062287/0001628280-26-062287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828026062287/len-20260916.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-062287

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