Monitor next quarter's results for signs of margin stabilization and absorption rate improvements, as the lowered guidance suggests ongoing macroeconomic challenges will persist through 2026.
Price Chart
Executive Summary
Meritage Homes reported Q1 2026 earnings with diluted EPS of $0.82, missing consensus of $0.98 by 16.3%, and revenue of $1.108B, missing by 5.3%. The company lowered its full-year 2026 guidance to 'at or within 5% of full year 2025 results,' signaling continued macroeconomic headwinds. Despite a 13% decline in closings and 17% drop in revenue, management highlighted improved absorption rates and a record store count.
Key Financial Metrics
Key Facts
- Diluted EPS was $0.82, missing consensus of $0.98 by 16.3%
- Revenue was $1.108 billion, missing consensus of $1.17 billion by 5.3%
- Homes closed declined 13% year-over-year to 2,967 units
- Home closing revenue declined 17% year-over-year to $1.108 billion
- Home closing gross margin was 17.5%, down 450 bps from prior year
- Company lowered full-year 2026 guidance to 'at or within 5% of full year 2025 results'
- Ending community count increased 19% year-over-year to 345, a record high
Financial Impact
EPS miss of 16.3% and revenue miss of 5.3% with lowered guidance
Risk Factors
- Continued macroeconomic headwinds from interest rates and consumer sentiment
- Further downward pressure on margins due to incentive utilization
- Risk of additional guidance reductions if market conditions worsen
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000833079-26-000103 |
| Document: mth-20260422.htm | 0000833079-26-000103 |
| Document: 0000833079-26-000103-index-headers.html | 0000833079-26-000103 |
| Document: 0000833079-26-000103-index.html | 0000833079-26-000103 |
| Document: 0000833079-26-000103.txt | 0000833079-26-000103 |
| 8-K Data (Synthetic) | 0000833079-26-000103 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Press Release | $64.22 $63.25 | ▼ −1.51% | ▼ −1.29% | $63.81 (−0.63%) |
Sep 9, 2026 23d ago | Court Ruling | $63.82 $63.96 | ▲ +0.22% | ▲ +0.88% | $63.81 (−0.01%) |
Aug 20, 2026 6w ago | Press Release | $71.05 $70.53 | ▼ −0.73% | ▼ −1.85% | $63.81 (−10.18%) |
Jul 29, 2026 9w ago | Press Release | $70.81 $72.26 | ▼ −2.05% | ▲ +1.58% | $63.81 (+9.88%) |
Jun 29, 2026 13w ago | 8-K | $83.85 $79.90 | ▼ −4.71% | ▼ −5.31% | $63.81 (−23.89%) |
Jun 11, 2026 16w ago | Press Release | $74.44 $75.73 | ▲ +1.73% | ▲ +1.06% | $63.81 (−14.27%) |
May 26, 2026 18w ago | Press Release | $64.79 $68.62 | ▲ +5.91% | ▲ +4.83% | $63.81 (−1.50%) |
Apr 22, 2026 23w ago | 8-K | $69.90 $67.02 | ▲ +4.12% | ▲ +5.60% | $63.81 (+8.71%) |
Apr 22, 2026 23w ago | Press Release | $69.90 $67.02 | ▲ +4.12% | ▲ +5.60% | $63.81 (+8.71%) |
Apr 7, 2026 25w ago | DEFA14A | $65.05 $65.03 | ▼ −0.03% | ▼ −3.55% | $63.81 (−1.90%) |
US Market Status
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