{"id":989122,"date":"2026-08-04T07:29:03","date_gmt":"2026-08-04T11:29:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lgi-homes-inc-reports-strong-second-quarter-2026-results-and-increases-full-year-2026-average-sales-price-and-homebuilding-gross-margin-guidance-ranges\/"},"modified":"2026-08-04T07:29:03","modified_gmt":"2026-08-04T11:29:03","slug":"lgi-homes-inc-reports-strong-second-quarter-2026-results-and-increases-full-year-2026-average-sales-price-and-homebuilding-gross-margin-guidance-ranges","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lgi-homes-inc-reports-strong-second-quarter-2026-results-and-increases-full-year-2026-average-sales-price-and-homebuilding-gross-margin-guidance-ranges\/","title":{"rendered":"LGI Homes, Inc. Reports Strong Second Quarter 2026 Results and Increases Full-Year 2026 Average Sales Price and Homebuilding Gross Margin Guidance Ranges"},"content":{"rendered":"
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THE WOODLANDS, Texas, Aug. 04, 2026 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the second quarter and the six months ended June 30, 2026.<\/p>\n

\u201cWe delivered strong results during the second quarter, exceeding expectations across key metrics while navigating a dynamic operating environment,\u201d said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes.<\/p>\n

\u201cDuring the quarter, we delivered 1,440 homes, an 8.8% increase year-over-year, generating total revenues of $516.0 million and homebuilding revenues of $501.5 million.<\/p>\n

\u201cWe ended the quarter with 151 active communities, achieving the low end of our full year guidance just six months into the year, and representing an increase of 3.4% compared to the same time last year.<\/p>\n

\u201cHomebuilding gross margin of 19.8% and adjusted homebuilding gross margin of 23.2% both exceeded the midpoint of our previously increased guidance range, reflecting our disciplined approach to pricing, incentives, and inventory management and the continued benefits of our self-development platform.<\/p>\n

\u201cWe made significant progress strengthening our balance sheet during the quarter, reducing debt by $128.6 million and ending the period with a debt-to-capital ratio of 42.6%, a 220 basis point improvement year-over-year.<\/p>\n

\u201cOn the strength of our outperformance in the first half of the year, we are raising our full-year gross margin guidance for the second consecutive quarter. We now expect our homebuilding gross margin will range between 19.0% and 21.0% and adjusted homebuilding gross margin between 22.5% and 24.5%. We are also raising the guidance for our full-year average sales price per home closed to between $360,000 and $370,000.\u201d<\/p>\n

Mr. Lipar concluded, \u201cWith strong visibility into the second half of the year, we are confident in achieving all of our objectives for 2026 and remain focused on balancing sales pace, profitability, and inventory management as we create long-term value for our shareholders.\u201d<\/p>\n

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\n Quarter <\/em>
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\n 2026<\/em>
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\n Highlights and Comparisons to Second Quarter 2025<\/em>
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