Taylor Morrison Tops Q1 Forecasts, Reaffirms 2026 Outlook

Overview

• Taylor Morrison, which reported results Wednesday, posted net income of about $99 million on $1.39 billion in revenue and beat analyst estimates for both profit and sales.
• The builder closed 2,268 homes at an average price of $578,000, and reported an adjusted home closings gross margin of 20.6%.
• Sales momentum rebuilt the order pipeline as backlog rose 23% from year‑end to 3,465 homes, with to‑be‑built orders reaching 38% of sales and resort lifestyle Esplanade communities growing.
• The company put $503 million into land and development, repurchased about $150 million of stock, and ended the quarter with roughly $1.6 billion in liquidity.
• Management kept full‑year guidance near 11,000 closings, outlined plans to open about 125 new communities and expand tech and AI use, and said margins could improve later in 2026 if market conditions hold.