LGI Homes, Inc. Reports First Quarter 2026 Results and Raises Full Year Margin Guidance
LGI Homes reported Q1 revenue of $319.7 million with 881 home closings and an adjusted gross margin of 23.4%, exceeding prior guidance. Backlog surged 63.4% year-over-year to 1,699 homes, prompting the company to raise its full-year 2026 adjusted gross margin outlook to between 22.0% and 24.0%.
Key figures
- Eps
- 0.09
- Revenue
- $319.7 million
- Guidance
- FY26 adjusted gross margin 22.0%-24.0%, raised from prior range
- Backlog homes
- 1699
- Cancellation rate
- 45.6%
- Backlog growth yoy
- 63.4%
- Adjusted gross margin
- 23.4%
AI analysis
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