
• Reported GAAP EPS of $1.03 down -51.18% YoY • Reported revenue of $1.39B down -26.84% YoY • Taylor Morrison reaffirmed its full-year 2026 guidance, including approximately 11,000 home closings, an average closing price between $580,000 and $590,000, and approximately $2B in homebuilding land investment.
Bullish
Taylor Morrison's backlog grew 23% sequentially, driven by increased to-be-built orders and strong resort lifestyle segment sales, while maintaining robust liquidity and executing share repurchases.
Bearish
Taylor Morrison experienced a 28% decline in home closings revenue and a 14% decrease in net sales orders, alongside an increased SG&A ratio, reflecting market challenges and reduced demand.