Meritage Homes reports second quarter 2026 results
On July 29, 2026, Meritage Homes reported its second-quarter 2026 results. Second-quarter 2026 home closing revenue totaled $1.4 billion, which generated an adjusted home closing gross margin of 18.6% and adjusted diluted EPS of $1.42. Net earnings were $91 million, or $1.37 per diluted share, for the second quarter of 2026, a 38% decrease from $147 million for the second quarter of 2025. This was mainly resulting from lower home closing revenue and gross profit.
“The 2026 spring selling season remained softer than expected this quarter as macroeconomic uncertainty and volatile interest rates continued to pressure buyer psychology,” said Steven J. Hilton, Executive Chairman of Meritage Homes. “Although below prior year levels, our second quarter 2026 absorptions reflected pockets of solid performance which accelerated community closeouts in some markets.”
