Taylor Morrison (TMHC)
NYSE:TMHC
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.13Last Year’s EPS
1.92Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced mix of operational progress and near‑term challenges. Positive developments include a meaningful backlog rebuild (+23%), a shift toward higher‑margin to‑be‑built sales (to 38% from 28%), strong liquidity ($1.6B), record digital/AI adoption, disciplined land and inventory management (finished specs down 30%), and the reaffirmation of full‑year guidance. Offsetting these positives are material year‑over‑year declines in revenue and profitability (Q1 revenue down from $1.8B to ~$1.3B; adjusted net income and EPS roughly halved versus prior year), margin compression versus last year (down ~420 bps), lower orders (‑14% YoY), and continued incentive and rate pressure that could weigh on near‑term margins. Management emphasized discipline, technology‑led efficiency and a plan to scale community openings to drive reacceleration in 2027, but substantial YoY earnings declines and macro/rate headwinds temper the tone.Company Guidance
Backlog Rebuild and To‑Be‑Built Mix
Backlog increased 23% from year-end to 3,465 homes; to‑be‑built orders rose to 38% of orders (from 28% in Q4), signaling a favorable mix shift toward higher‑margin build‑to‑order sales; finished inventory declined 30% sequentially to 863 homes.
Closings Volume and Average Selling Price
Delivered 2,268 homes at an average price of $578,000, generating approximately $1.3 billion of home closings revenue for the quarter.
Margins and Earnings Beat Near‑Term Guidance
Adjusted home closings gross margin of 20.6% exceeded guidance (~20%); adjusted EPS of $1.12 ($1.01 reported) and adjusted net income of $109 million after excluding impairments and charges.
Book Value Growth and Strong Liquidity / Capital Returns
Book value per share increased 11% year‑over‑year to $64; invested $503 million in land and development; repurchased $150 million of stock in the quarter; total liquidity of ~$1.6 billion (including $653 million cash) and no revolver borrowings.
Community Openings and Pipeline Expansion
Expect to open more than 125 communities in 2026 (≈30% more than 2025); ~40 opened in Q1 and another ~45 scheduled for the selling season; company expects 365–370 communities at year‑end (≈+8% vs 2025).
Esplanade Resort‑Lifestyle Growth
Over 20 Esplanade community openings planned; first Esplanade in Nevada has 1,400+ lead list and the segment historically generates mid‑ to high‑20% gross margins and resilient demand.
Digital / AI Adoption Driving Sales Efficiency
Recorded over 1,000 online reservations with a 58% conversion rate and higher ASP for reservation buyers; 12+ AI applications in production, 2.4 million internal AI interactions in Q1 (vs ~3 million for all of last year), and 11,000+ online sales appointments — technology costs declining even as capabilities scale.
Inventory and Production Discipline
Started 2,371 homes in Q1 and are aligning starts to sales; total spec inventory declined 9% to 2,692 homes and cycle times shortened by more than one month year‑over‑year, giving flexibility to start/close to‑be‑built orders within the year.
SG&A Cost Management
SG&A expense declined $28 million (16%) year‑over‑year in dollar terms, reflecting overhead management; SG&A was 11.4% of closings revenue in Q1 and management expects improvement toward a mid‑10% range as closings ramp.
Financial Services Performance and Buyer Quality
Financial services achieved an 88% capture rate; among customers using the company mortgage: average credit score 750, average household income ~$181,000, average LTV 80% and DTI 39%, highlighting buyer financial resilience.
TMHC 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
TMHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $61.94 | $65.00 | +4.94% |
Feb 11, 2026 | $66.41 | $65.70 | -1.07% |
Oct 22, 2025 | $62.60 | $60.57 | -3.24% |
Jul 23, 2025 | $66.82 | $64.31 | -3.76% |
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 Taylor Morrison (TMHC) report earnings?
Taylor Morrison (TMHC) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Taylor Morrison (TMHC) earnings time?
Taylor Morrison (TMHC) earnings time is at Jul 29, 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 TMHC EPS forecast?
TMHC EPS forecast for the fiscal quarter 2026 (Q2) is 1.13.