LGI Homes Raises 2026 Margin Outlook After Strong Q1
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LGI Homes reported strong Q1 2026 results, delivering 916 homes and generating $319.7 million in sales revenue. The company achieved an average sales price of $362,924 and an adjusted gross margin of 23.4%. With a backlog of 1,699 homes, up 63.4% year-over-year, LGI raised its full-year gross margin targets. Despite a current analyst rating of Sell with a $38 price target, the company maintains confidence in its operating model amid market conditions. LGI Homes, based in Texas, focuses on affordable homeownership across 36 markets in 21 states.
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