Filing Flows › Lennar (LEN) › Q3 FY26
Lennar (LEN) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Oct 2, 2026
Lennar (LEN) reported revenue of $8.0B for the third quarter fiscal 2026 (Q3 FY26), -9% from a year earlier and +1% from the quarter before. Operating margin was 5.7%, net earnings $284M (3.5% of revenue).
Lennar, Q3 FY26: revenue $8.0B (-9% year over year), operating margin 5.7%, net earnings $284M, operating cash flow −$104M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.0B | +1% | -9% |
| Operating profit | $460M | +15% | -34% |
| Net earnings | $284M | -7% | -52% |
| Operating cash flow | −$104M | — | — |
What changed
Revenue was $8.0B in Q3 FY26, down 9% year over year and up 1% from the previous quarter. West was the largest line at 32% of revenue. West lost $0.37B year over year (down 12%), 48% of the total change.
Operating profit was $0.46B, a 5.7% margin (down 2.2 points year over year). Total costs fell 6% while revenue fell 9%. Net earnings were $0.28B, down 52% year over year. The effective tax rate was 26.2%.
Operating cash flow was −$0.10B. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.45B. Capital expenditures of −$0.01B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Lennar's revenue in the third quarter fiscal 2026?
Lennar (LEN) reported revenue of $8.0B for the third quarter fiscal 2026 (Q3 FY26), -9% from a year earlier and +1% from the quarter before.
Was Lennar profitable in the third quarter fiscal 2026?
Operating profit was $460M (5.7% of revenue) and net earnings $284M.
Source: Lennar 10-Q on SEC EDGAR.