Meritage Homes Q3 2026 net earnings fall 32% year over year to $67.78 million
MTH•Meritage Homes’ third-quarter 2026 net earnings fell 32% year over year to $67.78 million. Home closing revenue declined 17% to $1.16 billion, while closings fell 14% to 3,187 homes and orders dropped 15% to 3,083.
1. Quarterly results
Meritage Homes’ third-quarter 2026 net earnings fell 32% year over year to $67.78 million, mainly due to lower home closing revenue and gross profit. Home closing revenue declined 17% to $1.16 billion, and closings fell 14% to 3,187 homes.
2. Orders and outlook
Orders decreased 15% year over year to 3,083 homes, reflecting a lower average absorption pace, partially offset by an increase in average community count. Management prioritized preserving margins over a higher sales pace and expects market conditions to remain unpredictable over the next several quarters.
