LGI Homes Q3 2026 net income rises 25% year over year to $24.56 million
LGIH•LGI Homes' third-quarter 2026 net income rose 25% year over year to $24.56 million, while revenue increased 10% to $444.46 million. The company narrowed full-year home closings guidance to 4,600–4,800.
1. Quarterly results
LGI Homes reported third-quarter net income of $24.56 million, up 25% year over year, and total revenue of $444.46 million, up 10%. Homebuilding gross margin fell to 20.2%, while home closings rose 10% to 1,222.
2. Orders and guidance
Nine-month net orders fell 30% year over year to 2,869, and ending backlog declined 48% to 685 homes. LGI Homes narrowed its full-year 2026 home closings guidance to 4,600–4,800, citing slower quarterly sales activity due to affordability pressures.
