In Q2 FY2026 (ended May 31, 2026), Lennar reported revenue of $7.94 billion, down 5.2% year-over-year. Net income fell 36.2% to $304.8 million, and diluted EPS decreased 31.5% to $1.24. Operating income declined 44.6% to $802.9 million. The company had $3.76 billion in cash, $21.62 billion in equity, and $5.87 billion in long-term debt.
•Revenue decreased 5.2% YoY to $7.94 billion.
•Net income dropped 36.2% to $304.8 million.
•Diluted EPS fell 31.5% to $1.24.
•Cash and equivalents stood at $3.76 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Lennar is a homebuilder primarily under the Lennar brand in the United States. Its business is organized into Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land
Development, construction, and management of multifamily rental properties, as well as residential mortgage financing, title insurance, and closing services for home buyers and others originating and selling securitization commercial mortgage loans.
Additionally, it is involved in fund investment activities. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Founded in 1954, the company is based in Miami, Florida.
Lennar Corporation is a homebuilder operating primarily under the Lennar brand in the United States. Its business is organized into several segments: Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land. Additionally, Lennar develops, constructs, and manages multifamily rental properties. Through its Financial Services segment, it provides residential mortgage financing, title insurance, and closing services for home buyers. The company also originates and sells securitization commercial mortgage loans and engages in fund investment activities. Lennar primarily serves first-time, move-up, active adult, and luxury homebuyers.
On which stock exchange is Lennar Corporation (LEN-B) listed and in what currency?
Lennar Corporation's Class B shares, trading under the ticker symbol LEN-B, are listed on the New York Stock Exchange (NYSE). The company's financials and stock price are denominated in US Dollars (USD). As a US-based corporation, all its reporting and transactions are conducted in USD, which is the standard currency for companies listed on US exchanges.
What sector and industry does Lennar Corporation (LEN-B) belong to?
Lennar Corporation operates in the Consumer Cyclical sector, specifically within the Residential Construction industry. This means the company's performance is closely tied to the economic cycle, as consumer spending on homes tends to increase during periods of economic growth and decline during downturns. As a residential construction company, Lennar focuses on building and selling homes, as well as developing land and constructing multifamily rental properties. The industry is highly competitive and influenced by factors such as interest rates, housing demand, and construction costs.
Where is Lennar Corporation (LEN-B) headquartered and what markets does it serve?
Lennar Corporation is headquartered in Miami, Florida, United States. The company was founded in 1954 and has since grown to serve homebuyers across the United States. Its homebuilding operations are divided into four geographic segments: Homebuilding East, Homebuilding Central, Homebuilding South Central, and Homebuilding West. This structure allows Lennar to cater to a diverse range of markets, including first-time, move-up, active adult, and luxury homebuyers. The company also provides financial services, such as mortgage financing and title insurance, primarily to its homebuyers. While its primary market is the US, Lennar's operations are concentrated in regions with strong housing demand.
How does Lennar Corporation (LEN-B) make money?
Lennar Corporation generates revenue primarily through its homebuilding operations, which involve the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land. The company also earns income from the development, construction, and management of multifamily rental properties. Additionally, its Financial Services segment provides residential mortgage financing, title insurance, and closing services to home buyers, generating fees and interest income. Lennar also originates and sells securitization commercial mortgage loans and engages in fund investment activities. By serving a broad customer base that includes first-time, move-up, active adult, and luxury homebuyers, Lennar diversifies its revenue streams across different housing market segments.