LGI HomesLGIH
▲ PositiveCapitalrelevance
Raises full-year gross margin and ASP guidance after strong Q2 results.
Impact on stocks 1
Consumer Discretionary
LGI HomesLGI Homes raises full-year gross margin and ASP guidance after strong Q2
Earnings
LGI Homes reported second-quarter 2026 results and raised its full-year guidance for gross margin and average selling price. The company delivered 1,440 homes, a 9% increase over the prior year, with homebuilding revenue of $502 million. Homebuilding gross margin was 19.8% and adjusted homebuilding gross margin was 23.2%, both above the midpoint of prior guidance. LGI Homes now expects full-year homebuilding gross margin between 19% and 21%, adjusted homebuilding gross margin between 22.5% and 24.5%, and average selling price between $360,000 and $370,000. The company also reported a 61% increase in backlog to 1,300 homes and reduced its debt by approximately $129 million during the quarter.
LGI HomesRaises full-year gross margin and ASP guidance after strong Q2 results.