Lennar Stock (NYSE: LEN) Slides After Q4 2025 Earnings Miss: 2026 Guidance, Analyst Targets, and What Investors Are Watching
Lennar shares fell over 4% in after-hours trading after the company reported weaker-than-expected earnings and soft guidance for early 2026, despite revenue beating forecasts. Fourth-quarter diluted EPS was $1.93 on $9.37 billion revenue, with gross margin on home sales dropping to 17%. The stock closed at $117.57, about 20% below its 52-week high. Lennar cited heavy use of incentives and mortgage-rate buydowns.