Lennar Stock Drops After Q4 Earnings Miss and Softer 2026 Margin Outlook: News, Forecasts, and Analyst Takeaways (Dec. 17, 2025)
Lennar shares fell about 5% Wednesday after the company’s fiscal Q4 profit and guidance missed expectations, despite revenue topping forecasts. Net earnings dropped to $490 million, or $1.93 per share, while home sales gross margin slid to 17% from 22.1% a year earlier. Management cited affordability pressures and continued use of incentives. The stock traded near $112 by late afternoon.