Filing Flows › M/I Homes (MHO) › Q2 2026
M/I Homes (MHO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
M/I Homes (MHO) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), -9% from a year earlier and +15% from the quarter before. Operating margin was 9.5%, net earnings $79.1M (7.4% of revenue).
M/I Homes, Q2 2026: revenue $1.1B (-8% year over year), operating margin 9.5%, net earnings $79.1M, operating cash flow $36.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +15% | -9% |
| Operating profit | $101M | +18% | -35% |
| Net earnings | $79.1M | +17% | -35% |
| Operating cash flow | $36.8M | -73% | -3% |
| Free cash flow | $31.4M | -77% | -11% |
What changed
Revenue was $1.1B in Q2 2026, down 9% year over year and up 15% from the previous quarter. Construction was the largest line at 95% of revenue. Construction lost $0.11B year over year (down 10%), 113% of the total change.
Operating profit was $0.10B, a 9.5% margin (down 3.9 points year over year). Total costs fell 4% while revenue fell 9%. Net earnings were $0.08B, down 35% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.04B (down 3% year over year), 47% of net earnings. Non-cash charges added back $4.4M of depreciation and $4.6M of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.01B left free cash flow of $0.03B.
Questions
What was M/I Homes' revenue in the second quarter 2026?
M/I Homes (MHO) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), -9% from a year earlier and +15% from the quarter before.
Was M/I Homes profitable in the second quarter 2026?
Operating profit was $101M (9.5% of revenue) and net earnings $79.1M.
Source: M/I Homes 10-Q on SEC EDGAR.