Meritage Homes Q2 FY26 net earnings drop 38% to $90.63 million; revenue falls 14% to $1.4 billion

• Meritage Homes Q2 net earnings fell 38% to USD 90.63 million; diluted EPS slid 33% to USD 1.37.
• Revenue dropped 14% to USD 1.4 billion, with closings down 11% to 3,725 homes and average closing price off 4% to USD 373,000.
• Home closing gross margin narrowed 2.8 percentage points to 18.3%; adjusted margin was 18.6% after USD 3.6 million impairments.
• Orders declined 9% to 3,575 homes, while backlog edged down 2% to 1,715 homes valued at USD 661.91 million.
• Management cited softer-than-expected spring demand; guidance now targets 2026 closings and revenue about 5% below 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meritage Homes Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000833079-26-000125), on July 29, 2026, and is solely responsible for the information contained therein.