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Toll Brothers (TOL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 25, 2026

TBA (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

2.91

Last Year’s EPS

3.73

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 14 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 19, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a predominantly positive picture: the company beat guidance on revenue and earnings, raised full-year guidance on deliveries, prices and margins, demonstrated strong liquidity and balance sheet improvement, executed substantial share repurchases, reduced finished spec inventory and improved operating efficiencies. Negative items include a challenging demand backdrop with longer conversion times, regional softness in several markets, a material drop in joint venture/land sales income, $32.5M of write-offs, and near-term margin seasonality and potential input-cost inflation risks. On balance, the positive operational and financial results, guidance raise, strong liquidity and shareholder returns outweigh the listed challenges.

Company Guidance

Guidance for fiscal 2026 calls for Q3 deliveries of about 2,600–2,700 homes with an average delivered price of $965,000–$985,000 and a Q3 adjusted gross margin of ~25.25% (implying Q4 ~26.3%), while full‑year deliveries were raised to 10,400–10,700 with an average delivered price of $985,000–$1,000,000 (midpoint +$12,500) and full‑year adjusted gross margin of 26.1% (up 10 bps); interest in cost of sales is expected at ~1.1% (Q3 and full year), Q3 SG&A ~10.0% and full‑year SG&A 10.1% (improved 15 bps), other income/JV/land sales ~$5M in Q3 and $120M for the year (already realized $81M), tax rate ~26.0% in Q3 and ~25.5% for the year, year‑end community count 480–490 (475 at Q3 end), weighted average shares ~95M (assumes $650M share repurchases for FY26), and a strong balance sheet with ~$3.3B liquidity ($1.1B cash, $2.2B revolver) and net debt‑to‑capital of 15.4% at quarter end.

Beating Guidance on Top and Bottom Lines

Delivered 2,491 homes at an average price of $1,009,000 generating ~$2.5B of homebuilding revenue (~$110M above the midpoint of guidance); earned $260.6M ($2.72 per diluted share), a $0.18 beat vs. midpoint guidance.

Strong Orders and Contract Activity

Signed 2,834 net agreements (~$2.8B), up 7% in units and 8% in dollars year-over-year; average contract price ~$990,600, up ~1% YoY; orders up 7% gross and flat on a per-community basis.

Margin and Expense Outperformance

Second quarter adjusted gross margin of 26.2%, a 70 basis-point beat to guidance; SG&A was 10.3% of homebuilding revenues, 40 basis points better than guidance; full-year adjusted gross margin guidance raised by 10 bps to 26.1% and full-year SG&A guidance improved 15 bps to 10.1%.

Capital Allocation and Shareholder Returns

Repurchased $175M of common stock in the quarter (YTD ~$226M) and increased the quarterly dividend; reaffirmed $650M repurchase target for fiscal 2026.

Healthy Balance Sheet & Liquidity

Ended the quarter with ~ $3.3B of liquidity ( ~$1.1B cash and $2.2B revolver availability); net debt-to-capital improved to 15.4% from 19.8% a year ago.

Inventory & Production Efficiency Improvements

Reduced finished spec inventory by 28% year-to-date (from 2.8 to 2.0 finished specs per community); build-to-order cycle time improved to ~9 months; spec homes represented ~51% of deliveries and ~41% of home sales revenue.

High Design-Studio Upsell and Cash Buyers

Design studio upgrades, structural options and lot premiums averaged $219,000 (~25% of average base sales price); ~23% of buyers paid all cash and loan-to-value for mortgage buyers was ~69%.

Geographic and M&A Expansion

Increased selling communities to 459 vs. 421 a year earlier and expect 480-490 by year-end (8-10% growth); closed acquisition of Buffington Homes (Northwest Arkansas) adding ~1,500 lots and modestly contributing to raised settlement guidance.

Toll Brothers (TOL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TOL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 25, 2026	2026 (Q3)	2.91 / -	3.73	―	―	―
May 19, 2026	2026 (Q2)	2.58 / 2.72	3.5	-22.29% (-0.78)
Feb 17, 2026	2026 (Q1)	2.11 / 2.19	1.75	25.14% (+0.44)
Dec 08, 2025	2025 (Q4)	4.88 / 4.58	4.63	-1.08% (-0.05)	―
Aug 19, 2025	2025 (Q3)	3.60 / 3.73	3.6	3.61% (+0.13)
May 20, 2025	2025 (Q2)	2.81 / 3.50	4.55	-23.08% (-1.05)	―
Feb 18, 2025	2025 (Q1)	2.04 / 1.75	2.25	-22.22% (-0.50)	―
Dec 09, 2024	2024 (Q4)	4.34 / 4.63	4.11	12.65% (+0.52)	―
Aug 20, 2024	2024 (Q3)	3.31 / 3.60	3.73	-3.49% (-0.13)	―
May 21, 2024	2024 (Q2)	4.16 / 4.55	2.85	59.65% (+1.70)	―

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

TOL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 19, 2026	$124.14	$136.31	+9.80%
Feb 17, 2026	$163.53	$159.70	-2.34%
Dec 08, 2025	$135.70	$132.49	-2.36%
Aug 19, 2025	$131.44	$130.69	-0.57%

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.