Meritage Homes Q1 2026: Navigating Headwinds, Boosting Share Buybacks

Meritage Homes reported Q1 2026 earnings, impacted by winter storms and Irans military action. They delivered 2,967 homes, $1.1B revenue, 17.5% gross margins, and $0.82 EPS. Community count reached 345, up 19% YoY. Despite slower absorption, orders remained flat due to more locations. Average sales price dropped 5% to $382K. Backlog and spec inventory fell 7% and 30% respectively. Execs noted buyer hesitation as psychological, boosting share buybacks and raising dividends. Balance sheet remains strong. Full-year guidance matches or stays within 5% of 2025 levels. Q2 guidance calls for 3,650-3,900 closings, $1.37-1.47B revenue, 18% margins, and $1.18-$1.46 EPS. Meritage plans to capitalize on demographics and housing shortages. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9d610f17c3115b91