Q2 FY2026 EarningsQ2 FY26 results missed consensus across the board as persistent affordability concerns and geographic mix shift weighed on performance. Revenue of $1,400.6M fell -1.00% below expectations, while gross margin of 18.3% significantly lagged the 18.00% target when excluding one-time items (adjusted margin was only 18.6%). The East region saw the sharpest decline in profitability due to heavy incentive utilization, leading to a GAAP EPS of $1.37, missing the mean estimate of $1.29 by appearing to beat, but actually representing a 33% YoY decline in net earnings.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Meritage Homes(MTH) the Revenue is 1.401 B (-13.75%), Miss estimate;the EBIT is 109.95 M (-37.74%), Miss estimate;the EPS is 1.37 (-32.84%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
1.40B13.75%
1.41B12.88%
-0.01B0.87%
EBITMiss expectations
0.11B37.74%
0.12B33.03%
-0.01B4.71%
EPSExceed expectations
1.3732.84%
1.292836.63%
+0.07723.79%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf