The beat and raised guidance provide near-term support, but YoY declines in revenue and margins signal headwinds. Watch housing market data and management commentary on the earnings call for demand outlook. The raised guidance may temper bearish sentiment, but core fundamentals remain under pressure.
Price Chart
Executive Summary
Toll Brothers reported Q2 FY2026 EPS of $2.72, beating consensus of $2.58 by 5.4%, and home sales revenue of $2.51B, above expectations, while raising full-year guidance. However, both revenue and EPS declined YoY (-7.4% and -22.3% respectively), creating a mixed picture of operational strength against a challenging housing market.
Key Financial Metrics
Key Facts
- EPS $2.72 vs consensus $2.58 (beat 5.4%)
- Home sales revenue $2.51B vs consensus $2.42B (beat 3.7%)
- YoY revenue down 7.4%, EPS down 22.3%
- Raised full-year guidance across all key metrics
- Repurchased $175M of stock in Q2, dividend increased 4%
- Home sales gross margin 23.9% vs 26.0% last year; adjusted 26.2% vs 27.5%
Financial Impact
EPS beat by $0.14, revenue beat by ~$90M, but YoY declines outweigh beat; guidance raise suggests confidence
Risk Factors
- Rising mortgage rates and inflation dampening demand
- Further margin compression from impairments and higher costs
- Continued YoY revenue declines if housing slowdown persists
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000794170-26-000083 |
| Document: tol-20260519.htm | 0000794170-26-000083 |
| Document: 0000794170-26-000083-index-headers.html | 0000794170-26-000083 |
| Document: 0000794170-26-000083-index.html | 0000794170-26-000083 |
| Document: 0000794170-26-000083.txt | 0000794170-26-000083 |
| 8-K Data (Synthetic) | 0000794170-26-000083 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Press Release | $148.58 $134.32 | ▲ +9.60% | ▲ +7.65% | $136.29 (+8.27%) |
Jul 29, 2026 9w ago | Press Release | $150.03 $145.13 | ▲ +3.27% | ▲ +7.23% | $136.29 (+9.15%) |
May 19, 2026 19w ago | 8-K | $136.29 $149.66 | ▲ +9.81% | ▲ +9.85% | $136.29 (+0.00%) |
May 13, 2026 20w ago | 8-K | $131.46 $147.10 | ▲ +11.89% | ▲ +12.75% | $136.29 (+3.68%) |
Apr 21, 2026 23w ago | Press Release | $147.94 $124.14 | ▼ −16.09% | ▼ −19.25% | $136.29 (−7.87%) |
Mar 11, 2026 29w ago | Press Release | $137.95 $140.01 | ▲ +1.49% | ▼ −0.48% | $136.29 (−1.20%) |
US Market Status
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