Taylor Morrison Home shares are moving higher today after the homebuilder reported first-quarter 2026 results (for the period ended March 31, 2026) before the market opened on April 22, 2026. The company posted reported net income of $99 million (or $1.01 per diluted share) and adjusted net income of $109 million (or $1.12 per diluted share), alongside home closings revenue of roughly $1.3 billion.

Beyond the headline earnings beat, the update showed improving internal operating signals that investors often watch in a choppy housing tape: net sales orders were 2,914 with an average selling price of $603,000, backlog grew sequentially to 3,465 homes valued at $2.3 billion, and the company cited a sequential reduction in incentives and a drop in finished spec inventory to 863 homes. Adjusted home closings gross margin was 20.6% (20.0% reported), and SG&A was 11.4% of home closings revenue.

Taylor Morrison reaffirmed its full-year 2026 guidance across key metrics, a focal point given investor sensitivity to demand, mortgage-rate pressure, and margin volatility in homebuilding. The company also emphasized capital deployment, including repurchasing about 2.5 million shares for $150 million during the quarter, and ended Q1 with approximately $1.6 billion of liquidity, including $653 million of cash.