Earnings Releases·Nov 3, 2026, 8:34 AM ET

LGI Homes, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 total revenues rose 10.2% YoY to $444.5 million, with net income increasing 24.8% YoY to $24.6 million ($1.05/share) and homebuilding gross margin expanding 40 bps sequentially to 20.2%.
Full-year 2026 home closings guidance was narrowed to 4,600–4,800 homes due to affordability pressures, while active communities are projected to reach 150–160 and average sales prices expected between $360,000–$370,000.
Balance sheet strengthened with net debt to capital ratio improving 420 bps YoY to 40.6%, total debt decreasing to $1,544.5 million, and total liquidity reaching $447.7 million.
Management cited strong execution and a growing community count as key drivers for confidence in achieving full-year objectives and maintaining momentum into 2027 despite slower sales activity.