LGI Homes Q2 net income falls 14.4% to $27 million; revenue rises 5.7% to $516 million - LGIH News | RalliesLGI Homes Q2 net income falls 14.4% to $27 million; revenue rises 5.7% to $516 million
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LGIH• Q2 results and operating metrics
- LGI Homes posted Q2 net income of USD 27 million, down 14.41% year over year, as revenue rose 5.69% to USD 516 million.
- Earnings per share fell to USD 1.16 from USD 1.36; home closings increased 8.8% to 1,440.
- Homebuilding gross margin narrowed to 19.8% from 22.9%; active communities climbed to 151, up 3.4% from a year earlier.
- Debt-to-capital ratio improved to 42.6%; liquidity totaled USD 468 million, including USD 61.1 million in cash.
- Guidance raised for 2026 average sales price to USD 360,000-USD 370,000; homebuilding gross margin outlook lifted to 19%-21%.
