The luxury homebuilder reported $2.5 billion in revenue and $2.72 EPS, exceeding expectations and boosting its fiscal 2026 outlook.
Toll Brothers reported second-quarter revenue of $2.5 billion and earnings of $2.72 per share, surpassing guidance with a 26.2% adjusted gross margin. Net signed agreements rose 7% year over year, signaling resilient demand in the luxury housing segment.
The company raised its full-year fiscal 2026 guidance for deliveries, average selling price, gross margin, and SG&A efficiency. Management cited strong move-up demand and a favorable mix of higher-margin homes as drivers for the improved outlook.
Toll Brothers also highlighted $3.3 billion in liquidity, reduced net debt to capital, and ongoing share repurchases and dividend growth. A leadership transition was announced, with Seth Ring set to become president and COO.