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M/I Homes Q2 sees record new contracts but net income drops 35% amid challenging market.

Company Fundamentals
29 Jul 2026
PRNewsWire
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Neutral
M/I Homes Q2 sees record new contracts but net income drops 35% amid challenging market.

M/I Homes reported a 15% increase in new contracts to a record 2,387 in Q2 2026, despite a 6% decline in homes delivered and a 9% drop in revenue to $1.1 billion. Net income fell 35% to $79 million due to inventory charges and market challenges, while shareholders' equity hit a record $3.2 billion. The company maintains confidence in long-term housing fundamentals and a strong financial position, including an upgraded credit rating and low debt ratios. M/I Homes plans to leverage its diverse geographic footprint and product offerings to sustain solid performance through 2026.

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