Dream Finders Homes' second quarter earnings miss as gross margins contract despite record sales.

Dream Finders Homes reported second quarter 2026 revenues of $1.06 billion and EPS of $0.27, both missing analyst expectations. While the company achieved record net sales and home closings for the quarter, profitability was weighed down by lower average selling prices and higher land and financing costs.

Key Highlights

• Homebuilding gross margin contracted to 14.2% from 16.5% in the prior-year period, as higher costs offset volume gains.
• Net sales rose 15% year-over-year to a record 2,232 homes, with the cancellation rate improving to 11.1% from 14.0%.
• The company reiterated its full-year 2026 guidance for approximately 9,250 home closings.