MTH reports $1.42 non-GAAP EPS, exceeding expectations, while $1.4B revenue misses by $10M amid a 14.1% year-over-year decline.
Meritage Homes posted second-quarter non-GAAP earnings per share of $1.42, surpassing estimates by $0.12. The result highlights stronger-than-expected profitability despite broader market challenges for homebuilders.
Revenue reached $1.4 billion, missing forecasts by $10 million and declining 14.1% year-over-year. The company attributed the shortfall to ongoing market conditions and updated its full-year 2026 home closing volume guidance.
Shares showed limited immediate reaction to the mixed results, reflecting investor focus on the earnings beat over the revenue miss.