LENNAR CORP /NEW/ — Form 10-Q filed 2026-06-29

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Lennar reported Q2 FY2026 net income of $304.8 million, diluted EPS of $1.24. Total assets were $33.7 billion, cash and equivalents $2.17 billion. Operating cash flow was negative $717.9 million due to inventory build. The company repurchased $736.8 million of stock and paid $246.5 million in dividends. Inventory write-downs were recorded, but overall financial position remains solid.