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LGI Homes (LGIH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
LGI Homes (LGIH) reported revenue of $516M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +61% from the quarter before. Operating margin was 7.1%, net earnings $27.0M (5.2% of revenue).
LGI Homes, Q2 2026: revenue $516M (+6% year over year), operating margin 7.1%, net earnings $27.0M, operating cash flow $115M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $516M | +61% | +6% |
| Operating profit | $36.6M | — | -8% |
| Net earnings | $27.0M | 12× | -14% |
| Operating cash flow | $115M | — | — |
| Free cash flow | $114M | — | — |
What changed
Revenue was $516.0M in Q2 2026, up 6% year over year and up 61% from the previous quarter. Retail Homebuilding was the largest line at 83% of revenue. Retail Homebuilding added $16.0M year over year (up 4%), 57% of the total change.
Operating profit was $36.6M, a 7.1% margin (down 1.0 points year over year). Operating profit fell $3.0M even though revenue rose $27.8M versus Q2 2025, so costs grew faster than sales. Total costs grew 7% against revenue growth of 6%. Net earnings were $27.0M, down 14% year over year. The effective tax rate was 26.3%.
Operating cash flow was $114.6M, 425% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $84.0M. Capital expenditures of $816K left free cash flow of $113.7M.
Questions
What was LGI Homes' revenue in the second quarter 2026?
LGI Homes (LGIH) reported revenue of $516M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +61% from the quarter before.
Was LGI Homes profitable in the second quarter 2026?
Operating profit was $36.6M (7.1% of revenue) and net earnings $27.0M.
Source: LGI Homes 10-Q on SEC EDGAR.