{"id":986823,"date":"2026-07-29T19:49:54","date_gmt":"2026-07-29T23:49:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/meritage-homes-reports-second-quarter-2026-results\/"},"modified":"2026-07-29T19:49:54","modified_gmt":"2026-07-29T23:49:54","slug":"meritage-homes-reports-second-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/meritage-homes-reports-second-quarter-2026-results\/","title":{"rendered":"Meritage Homes reports second quarter 2026 results"},"content":{"rendered":"
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SCOTTSDALE, Ariz., July 29, 2026 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported second quarter results for the period ended June 30, 2026.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
\n Summary Operating Results (unaudited)
(Dollars in thousands, except per share amounts)
<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended June 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2026<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n % Chg<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2026<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n % Chg<\/strong>\n <\/td>\n<\/tr>\n
Homes closed (units)<\/td>\n\u00a0<\/td>\n3,725<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,170<\/td>\n\u00a0<\/td>\n(11)%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,692<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,586<\/td>\n\u00a0<\/td>\n(12)%<\/td>\n<\/tr>\n
Home closing revenue<\/td>\n$<\/td>\n1,387,911<\/td>\n\u00a0<\/td>\n$<\/td>\n1,615,709<\/td>\n\u00a0<\/td>\n(14)%<\/td>\n\u00a0<\/td>\n$<\/td>\n2,495,733<\/td>\n\u00a0<\/td>\n$<\/td>\n2,957,813<\/td>\n\u00a0<\/td>\n(16)%<\/td>\n<\/tr>\n
Average sales price \u2014 closings<\/td>\n$<\/td>\n373<\/td>\n\u00a0<\/td>\n$<\/td>\n387<\/td>\n\u00a0<\/td>\n(4)%<\/td>\n\u00a0<\/td>\n$<\/td>\n373<\/td>\n\u00a0<\/td>\n$<\/td>\n390<\/td>\n\u00a0<\/td>\n(4)%<\/td>\n<\/tr>\n
Home orders (units)<\/td>\n\u00a0<\/td>\n3,575<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,914<\/td>\n\u00a0<\/td>\n(9)%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,239<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,790<\/td>\n\u00a0<\/td>\n(7)%<\/td>\n<\/tr>\n
Home order value<\/td>\n$<\/td>\n1,376,338<\/td>\n\u00a0<\/td>\n$<\/td>\n1,547,438<\/td>\n\u00a0<\/td>\n(11)%<\/td>\n\u00a0<\/td>\n$<\/td>\n2,776,778<\/td>\n\u00a0<\/td>\n$<\/td>\n3,105,615<\/td>\n\u00a0<\/td>\n(11)%<\/td>\n<\/tr>\n
Average sales price \u2014 orders<\/td>\n$<\/td>\n385<\/td>\n\u00a0<\/td>\n$<\/td>\n395<\/td>\n\u00a0<\/td>\n(3)%<\/td>\n\u00a0<\/td>\n$<\/td>\n384<\/td>\n\u00a0<\/td>\n$<\/td>\n399<\/td>\n\u00a0<\/td>\n(4)%<\/td>\n<\/tr>\n
Ending backlog (units)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,715<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,748<\/td>\n\u00a0<\/td>\n(2)%<\/td>\n<\/tr>\n
Ending backlog value<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n661,906<\/td>\n\u00a0<\/td>\n$<\/td>\n695,476<\/td>\n\u00a0<\/td>\n(5)%<\/td>\n<\/tr>\n
Average sales price \u2014 backlog<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n386<\/td>\n\u00a0<\/td>\n$<\/td>\n398<\/td>\n\u00a0<\/td>\n(3)%<\/td>\n<\/tr>\n
Home closing gross margin<\/td>\n\u00a0<\/td>\n18.3%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.1%<\/td>\n\u00a0<\/td>\n(280) bps<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.9%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.5%<\/td>\n\u00a0<\/td>\n(360) bps<\/td>\n<\/tr>\n
Earnings before income taxes<\/td>\n$<\/td>\n120,564<\/td>\n\u00a0<\/td>\n$<\/td>\n193,060<\/td>\n\u00a0<\/td>\n(38)%<\/td>\n\u00a0<\/td>\n$<\/td>\n193,088<\/td>\n\u00a0<\/td>\n$<\/td>\n353,219<\/td>\n\u00a0<\/td>\n(45)%<\/td>\n<\/tr>\n
Net earnings<\/td>\n$<\/td>\n90,630<\/td>\n\u00a0<\/td>\n$<\/td>\n146,879<\/td>\n\u00a0<\/td>\n(38)%<\/td>\n\u00a0<\/td>\n$<\/td>\n145,939<\/td>\n\u00a0<\/td>\n$<\/td>\n269,685<\/td>\n\u00a0<\/td>\n(46)%<\/td>\n<\/tr>\n
Diluted EPS<\/td>\n$<\/td>\n1.37<\/td>\n\u00a0<\/td>\n$<\/td>\n2.04<\/td>\n\u00a0<\/td>\n(33)%<\/td>\n\u00a0<\/td>\n$<\/td>\n2.18<\/td>\n\u00a0<\/td>\n$<\/td>\n3.73<\/td>\n\u00a0<\/td>\n(42)%<\/td>\n<\/tr>\n<\/table>\n

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MANAGEMENT COMMENTS<\/strong>\n <\/p>\n

“The 2026 spring selling season remained softer than expected this quarter as macroeconomic uncertainty and volatile interest rates continued to pressure buyer psychology. Although below prior year levels, our second quarter 2026 absorptions reflected pockets of solid performance which accelerated community close outs in some markets,” said Steven J. Hilton, executive chairman of Meritage Homes.<\/p>\n

“Our available home inventory and improved cycle times drove a backlog conversion rate of 200% and 3,725 closings this quarter, with nearly 60% generated from intra-quarter sales,” added Phillippe Lord, chief executive officer of Meritage Homes. “Second quarter 2026 home closing revenue totaled $1.4 billion which generated adjusted home closing gross margin of 18.6% and adjusted diluted EPS of $1.42, excluding $3.6 million of real estate inventory impairments and $0.3 million in terminated land deal walk-away charges.”<\/p>\n

“We remain committed to a disciplined capital allocation strategy that balances growth and shareholder returns while ensuring sufficient liquidity in a volatile interest rate environment. During the current quarter, we returned $131 million to shareholders via share repurchases and dividends. And while we moderated land spend to $357 million from $509 million in the second quarter of 2025, we are reiterating our prior community count growth expectation of 5-10% year-over-year for full year 2026,” concluded Mr. Lord. “We ended the second quarter of 2026 with cash of $807 million, no borrowings under our revolving credit facility and a net debt-to-capital ratio of 17.1%. As of June 30, 2026, our book value per share increased 5% year-over-year.”<\/p>\n

\n SECOND<\/strong>
\n QUARTER RESULTS<\/strong>\n <\/p>\n