Lennar Corporation, a leading homebuilder ranked No. 129 on the Fortune 500, reported its Q2 2025 earnings with revenue of $8.38 billion, slightly above estimates but down 4% year-over-year. The company posted a GAAP EPS of $1.81, missing the consensus estimate of $1.94 and declining from $3.45 in the prior year. Adjusted EPS stood at $1.90, factoring in technology investments. Net income fell sharply by 50% year-over-year to $477 million. Lennar delivered 20,131 homes, a 2% increase year-over-year, and new orders rose 6% to 22,601 homes, valued at $8.6 billion. However, the average sales price of homes delivered declined 9% to $389,000, reflecting ongoing housing market softness and affordability challenges. The company’s gross margin for the quarter was the lowest since 2018, influenced by margin compression strategies in response to softness in key markets like the Sun Belt. For Q3, Lennar forecasts home deliveries between 22,000 and 23,000, slightly below estimates. Despite the revenue beat, the earnings miss and declining profitability underscore persistent headwinds in the housing sector, including cooling home prices and increased seller discounts.