Toll Brothers, Inc. (TOL)

The company now

Toll Brothers, the luxury homebuilder, reported results for its third quarter of fiscal 2026 (ended July 31) on August 18, 2026 1. It delivered 2,662 homes and booked $2.65 billion of home sales revenue, against 2,959 homes and $2.88 billion a year earlier 1. Net income was $280.1 million, or $2.97 per diluted share, against $369.6 million, or $3.73 1.

Profit fell faster than revenue because each home earned less 1. Adjusted home sales gross margin, which leaves out interest and inventory write-downs, was 25.6 percent against 27.5 percent 1. Sales and overhead costs rose to 10.0 percent of home sales revenue from 8.8 percent 1.

Orders grew 1. Net signed contracts rose to $2.52 billion from $2.41 billion, mostly because the number of communities open for sale was 12 percent higher 13. Per community, contracts fell about 5 percent, which the quarterly report ties to elevated mortgage rates and weak consumer confidence 3.

Chief executive Karl Mistry said the company is reaffirming its full-year guidance, including about $10.5 billion of home sales revenue 1. The open question is the fourth quarter, for which the company guides to 3,450 to 3,550 deliveries 1. The quarterly report says softer demand may persist in the near term 3.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.