Earnings Call Insights: Lennar (LEN) Q2 2026 Management View “We delivered 20,519 homes around the midpoint of our guidance, and we generated 21,749 homes -- new orders near the high end of our guidance,” said (Executive chairman, CEO & president Stuart Miller), adding, “Our gross margin improved sequentially to 15.6%.” Miller highlighted easing incentives as a key signal for investors: “Our sales...
Earnings Call Insights: Lennar (LEN) Q2 2026 Management View “We delivered 20,519 homes around the midpoint of our guidance, and we generated 21,749 homes -- new orders near the high end of our guidance,” said (Executive chairman, CEO & president Stuart Miller), adding, “Our gross margin improved sequentially to 15.6%.” Miller highlighted easing incentives as a key signal for investors: “Our sales incentive rate on deliveries was 12.9% this quarter, down from 14.1% in quarter 1 and down from 14.5% in Q4 '25… we're starting to see the first real and potentially sustainable decline.” Management changes were a focal point: Miller introduced “our newly promoted and appointed Chief Operating Officer” Jim Parker and “our newly promoted and appointed Executive Vice President for Homebuilding” David Grove, noting they “jointly oversee our operations across the country.” On the operating model, Miller said Lennar is prioritizing “driving consistent even-flow production and volumes” and “continuously refining our asset-light, land-light balance sheet model,” including that “less than 5% of our land is on balance sheet” and “our land banking partnerships… providing just-in-time home site delivery at an 86% delivery rate.” CFO balance-sheet and capital return commentary included: “we ended the quarter with $1.8 billion of cash and total liquidity of $4.9 billion,” and “we repurchased 5 million shares for $447 million, and we paid dividends totaling $123 million,” said (CFO & VP Diane Bessette). Outlook Q3 2026 EPS guidance of “approximately $1.20 to $1.40” vs. $1.72 (consensus non-GAAP EPS estimate for Q3 2026 in the provided analysts data), as Bessette said the range reflects assumptions including “gross margin… approximately 16%” and “SG&A percentage… 8.8% to 9%.” Bessette guided to Q3 “new orders… 21,000 to 22,000 homes” and “deliveries… 20,500 to 21,500,” with “average sales price… between $375,000 and $380,000.” Full-year deliveries were reduced: “we are adjusting our annu...
Microsoft (MSFT) is back in focus after a period of softer share performance, with the stock down about 4% over the past month and about 1% over the past 3 months, prompting fresh attention on its fundamentals. See our latest analysis for Microsoft. At a share price of US$390.34, Microsoft’s recent momentum has cooled, with the stock down over the past week, month, and year to date. However, the 3...
Microsoft (MSFT) is back in focus after a period of softer share performance, with the stock down about 4% over the past month and about 1% over the past 3 months, prompting fresh attention on its fundamentals. See our latest analysis for Microsoft. At a share price of US$390.34, Microsoft’s recent momentum has cooled, with the stock down over the past week, month, and year to date. However, the 3 year and 5 year total shareholder returns remain positive, underscoring how short term swings...
In recent days, KKR announced the launch of Helix Digital Infrastructure, a more than US$10.00 billion AI-focused venture backed by Nvidia and the Kuwait Investment Authority, with Vistra named as Helix’s preferred power provider under the leadership of former AWS CEO Adam Selipsky. This partnership positions Vistra at the center of efforts to solve the power bottleneck for hyperscale AI data cent...
In recent days, KKR announced the launch of Helix Digital Infrastructure, a more than US$10.00 billion AI-focused venture backed by Nvidia and the Kuwait Investment Authority, with Vistra named as Helix’s preferred power provider under the leadership of former AWS CEO Adam Selipsky. This partnership positions Vistra at the center of efforts to solve the power bottleneck for hyperscale AI data centers by tightly integrating electricity supply with future data center build-outs. We’ll now...
Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world’s first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt) of a handful of major economies – and, in the last decade alone, the value of some of the biggest companies to ever...
Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world’s first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt) of a handful of major economies – and, in the last decade alone, the value of some of the biggest companies to ever trade on the stock market. Musk’s new title arrives amid a wider acceleration for the richest of...
Jack Lew, former US Treasury Secretary, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Projections in the latest annual Social Security Trustees says there could be severe shortfalls in funding by 2032. Lew says that's unacceptable and government can't wait to fix the problems. (Source: Bloomberg)
Jack Lew, former US Treasury Secretary, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Projections in the latest annual Social Security Trustees says there could be severe shortfalls in funding by 2032. Lew says that's unacceptable and government can't wait to fix the problems. (Source: Bloomberg)
SpaceX began trading on NASDAQ this morning, and one of the company’s longtime venture capital backers offered a loud endorsement. On CNBC’s Squawk Pod, David George, a partner at venture capital giant Andreessen Horowitz (a16z), said Elon Musk’s space and AI businesses have largely solved their toughest technical challenges and are now focused on scaling. “When we ... Top Venture Capital Investor...
SpaceX began trading on NASDAQ this morning, and one of the company’s longtime venture capital backers offered a loud endorsement. On CNBC’s Squawk Pod, David George, a partner at venture capital giant Andreessen Horowitz (a16z), said Elon Musk’s space and AI businesses have largely solved their toughest technical challenges and are now focused on scaling. “When we ... Top Venture Capital Investor: Elon Musk Has ‘De-Risked All the Physics’ Behind Starlink and Colossus
Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth. He speaks to Annmarie Hordern at the Bloomberg Energy Security Executive Briefing in Houston. (Source: Bloomberg)
Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth. He speaks to Annmarie Hordern at the Bloomberg Energy Security Executive Briefing in Houston. (Source: Bloomberg)
Justin Sullivan/Getty Images News Robinhood Markets ( HOOD ) ( HOOD:CA ) customers are said to have faced issues during the first minutes of SpaceX ( SPCX ) trading today. Roughly 5,000 outages were reported at Robinhood as of 11:58 AM ET in New York, with some customers experiencing latency and intermittent issues, Bloomberg News reported on Friday, citing the website Downdetector and a company s...
Justin Sullivan/Getty Images News Robinhood Markets ( HOOD ) ( HOOD:CA ) customers are said to have faced issues during the first minutes of SpaceX ( SPCX ) trading today. Roughly 5,000 outages were reported at Robinhood as of 11:58 AM ET in New York, with some customers experiencing latency and intermittent issues, Bloomberg News reported on Friday, citing the website Downdetector and a company spokesperson. The issues reportedly receded by 12:30 PM ET. The company saw a record-breaking traffic today, HOOD said in an emailed statement to Bloomberg. SPCX opened ~11% higher at $150 today after pricing 555.56M shares at $135 apiece. The stock was trading 25.56% higher at $169.50 during afternoon trading. Robinhood, alongside Charles Schwab ( SCHW ), Fidelity Investments, SoFi Technologies ( SOFI ), and Morgan Stanley's ( MS ) E*Trade, was offering SpaceX shares to retail customers. However, other platforms didn’t see significant issues, Downdetector reportedly said. More on Robinhood Markets Robinhood's Crypto Bet Is Structurally Different From Everyone Else's Robinhood Markets, Inc. (HOOD) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript Robinhood Markets, Inc. (HOOD) Shareholder/Analyst Call Transcript Regulator seeks feedback on proposed rules governing prediction markets Robinhood CEO Vlad Tenev says firm approved as underwriter, eyes IPO disruption
A newly published series of reports calls attention to a dire situation facing millions of women after childbirth — and the solutions that can prevent death from postpartum hemorrhage. (Image credit: Lynsey Addario)
A newly published series of reports calls attention to a dire situation facing millions of women after childbirth — and the solutions that can prevent death from postpartum hemorrhage. (Image credit: Lynsey Addario)
Corn futures are up 1 to 2 cents across the front months on Friday. The CmdtyView national average Cash Corn price is up 1 1/4 cents at $3.81. Export Sales data now has the old crop export commitment total at 82.767 MMT, which is 98% of USDA’s newly updated export...
Corn futures are up 1 to 2 cents across the front months on Friday. The CmdtyView national average Cash Corn price is up 1 1/4 cents at $3.81. Export Sales data now has the old crop export commitment total at 82.767 MMT, which is 98% of USDA’s newly updated export...
The wheat complex is showing mixed trade on Friday. Chicago SRW contracts are fractionally mixed on Friday. KC HRW futures are 2 to 3 cents higher at midday. MPLS spring wheat is showing mixed trade, fractionally higher to 2 cents lower. FAS released their weekly Export Sales data with new...
The wheat complex is showing mixed trade on Friday. Chicago SRW contracts are fractionally mixed on Friday. KC HRW futures are 2 to 3 cents higher at midday. MPLS spring wheat is showing mixed trade, fractionally higher to 2 cents lower. FAS released their weekly Export Sales data with new...