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LGI Homes (LGIH)
NASDAQ:LGIH
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.17Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights operational resilience and tangible positives: strong backlog growth (+133% homes, +112% backlog value), notable net orders growth (+39% YoY), milestone of 80,000 homes closed, healthy liquidity and a clear 2026 guide. However, the business faces meaningful near-term pressures — elevated cancellations (43.3%), margin compression (Q4 gross margin down ~370 bps YoY), inventory impairment ($6.7M) and ongoing need for incentives — that weigh on profitability. On balance, management demonstrated disciplined execution, maintained profitability, and provided conservative guidance, with the positives (backlog, orders, liquidity, milestone, profitability) outweighing the headwinds.Company Guidance
Strong Q4 Delivery and Revenue
Delivered 1,362 homes in Q4 (1,301 contributed to revenue) generating $474.0 million in revenue; sequential revenue increase of 19.5%.
Major Company Milestone
Closed the company's 80,000th home in December, underscoring scale and longevity of the business model.
Backlog and Net Orders Growth
Net orders increased 39% year-over-year in Q4. Backlog grew 133% to 1,394 homes and backlog value exceeded $501 million, up 112% YoY (and still up 53% vs. 2024 excluding a 480-home wholesale agreement).
Robust Full-Year Production and Revenue
Full-year deliveries of 4,788 homes (4,685 contributed to revenue) producing $1.7 billion in revenue; wholesale closings were 737 homes (15.7%) generating over $230 million versus $164 million in 2024.
Profitability and Earnings
Q4 pretax net income of $24.0 million (5.1% of revenue) and net income of $17.3 million or $0.75 per share; excluding impairments Q4 net income was $22.4 million or $0.97 per share. Full year pretax net income $98.5 million and net income $72.6 million or $3.13 per basic share (excluding impairments $77.6M / $3.35).
Healthy Operating Pace
Ended the year with 144 active communities and averaged 3.1 closings per community per month in Q4 (highest pace of the year); top Q4 markets by closings per community: Charlotte 6.0, Northern California 5.8, Las Vegas 4.6, Atlanta 4.2.
Adjusted Gross Margins and Structural Land Advantage
Q4 adjusted gross margin reported at 22.3% (gross margin excluding inventory-related charges 19.2%). Full-year adjusted gross margin 24% and gross margin excluding inventory charges 21.1%. On-balance finished lot cost averaged ~$70,000 and lot costs represented about 21% of ASP, highlighting structural benefit of self-developed lots.
Improved Expense Efficiency
Combined SG&A in Q4 was $65.6 million or 13.8% of revenue, down 90 basis points year-over-year; Q4 G&A fell $8.1 million or 26% YoY driven primarily by compensation-related adjustments.
Balance Sheet and Liquidity Position
Total liquidity at year-end $335 million (including $61M cash and $274M revolver availability). Net debt-to-cap reduced 160 basis points to 43.2%. Equity roughly $2.1 billion, providing capacity to execute strategy and reduce leverage.
Guidance for 2026
Guidance to close 4,600–5,400 homes, end-year 150–160 active selling communities, full-year ASP $355,000–$365,000, gross margin 18%–20% (adjusted 21%–23%), and SG&A 15%–16% of revenue.
LGIH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LGIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $60.83 | $58.15 | -4.41% |
Nov 04, 2025 | $40.73 | $44.45 | +9.13% |
Aug 05, 2025 | $54.64 | $59.34 | +8.60% |
Apr 29, 2025 | $59.25 | $54.64 | -7.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does LGI Homes (LGIH) report earnings?
LGI Homes (LGIH) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is LGI Homes (LGIH) earnings time?
LGI Homes (LGIH) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LGIH EPS forecast?
LGIH EPS forecast for the fiscal quarter 2026 (Q1) is 0.11.