Second Quarter 2026 Highlights • Net earnings per diluted share of $1.24 ($1.31 excluding mark-to-market losses on technology investments) • Net earnings of $305 million • New orders decreased 4% year over year to 21,749 homes • Backlog of 16,818 homes with a dollar value of $6.6 billion • Deliveries increased 2% year over year to 20,519 homes • Total revenues of $7.9 billion • Homebuilding operating earnings of $489 million ◦ Gross margin on home sales of 15.6% ◦ S,G&A expenses as a % of revenues from home sales of 9.2% ◦ Net margin on home sales of 6.4% • Financial Services operating earnings of $100 million • Multifamily operating earnings of $18 million • Lennar Other operating loss of $39 million • Homebuilding cash and cash equivalents of $1.8 billion • No outstanding borrowings under the Company's $3.1 billion revolving credit facility • Homebuilding debt to total capital of 15.8% • Repurchased 5 million shares of Lennar common stock for $447 million • Redeemed $400 million of 5.25% senior notes due in June 2026, subsequent to May 31, 2026 (more) 2-2-2 Miami, June 11, 2026 -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation’s leading homebuilders, today reported results for its second quarter ended May 31, 2026.