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LGI Homes Q1 FY26 net income drops 45.9% to $2.2 million; revenue falls to $319.7 million

PUBT·04/28/2026 11:10:49
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LGI Homes Q1 FY26 net income drops 45.9% to $2.2 million; revenue falls to $319.7 million
  • LGI Homes posted Q1 2026 net income of $2.2 million, down 45.9%.
  • Revenue fell 9% to $319.7 million.
  • Gross margin narrowed 2.3 percentage points to 18.7%.
  • Backlog climbed 63.4% to 1,699 homes, while average sales price per home closed increased 2.9% to $362,924.
  • LGI Homes raised full-year gross margin guidance to 18.5%-20.5% and adjusted gross margin to 22%-24%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LGI Homes Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604280700PRIMZONEFULLFEED9708054) on April 28, 2026, and is solely responsible for the information contained therein.