LGI Homes (LGIH)
NASDAQ:LGIH
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.77Last Year’s EPS
1.36Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a cautiously positive tone: the company delivered better-than-expected margins, a meaningful increase in backlog (highest since 2022), and solid adjusted EBITDA growth while raising full-year margin guidance. Offsetting these positives were a year-over-year revenue decline driven by fewer closings, an elevated 45.6% cancellation rate tied to financing challenges, modest GAAP net income, and a heavy completed inventory position the company is actively managing. On balance, management emphasized execution, margin durability, and confidence in long-term demand while acknowledging near-term affordability and financing headwinds.Company Guidance
Revenue and Closings
Revenue of $319.7 million driven by 881 homes closed (of 916 delivered). Average selling price (ASP) for closed homes rose 2.9% year-over-year to $362,924.
Backlog and Order Growth
Net orders of 1,221 homes; backlog grew to 1,699 homes, up 63% year-over-year and 22% sequentially — the highest backlog since 2022.
Gross Margin and Adjusted Gross Margin Outperformance
Gross margin before inventory-related charges was 20.2% and adjusted gross margin was 23.4%, modestly above the high end of prior full-year outlook and up 110 basis points sequentially.
Adjusted EBITDA and Profitability Improvement
Adjusted EBITDA increased 30% to $24.4 million, representing 7.6% of revenue (versus 5.3% a year ago). Adjusted net income (ex-impairments) was $5.6 million or $0.24 per share.
Full-Year Guidance Raised for Margins
Company raised full-year gross margin guidance to 18.5%–20.5% and adjusted gross margin to 22%–24% based on Q1 performance and backlog visibility.
Operational Activity and Starts
Started 1,137 homes during the quarter to support seasonal uplift; ended quarter with 142 active communities and averaged 2.2 closings per community per month (consistent with prior year).
Balance Sheet and Liquidity
Total liquidity of $355 million (including $61 million cash and $294 million revolver availability). Book value per share was $90.50 and land pipeline nearly 100% on balance sheet (59,028 lots owned/controlled).
Recognition and Culture
Named a Top Workplaces USA employer for the sixth consecutive year, highlighting employee engagement and culture strengths.
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 |
|---|---|---|---|
Apr 28, 2026 | $45.32 | $48.96 | +8.03% |
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% |
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 Aug 04, 2026, Before Open (Confirmed).
What is LGI Homes (LGIH) earnings time?
LGI Homes (LGIH) earnings time is at Aug 04, 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 (Q2) is 0.77.