M/I Homes, Inc. reported first quarter 2026 diluted earnings of $2.55 per share, narrowly topping Wall Street’s forecast of $2.53 per share by 0.8%. The homebuilder generated $920.7M in revenue for the quarter, though results reflected continued pressure in the residential construction sector as the company earned $67.8M in net income.
The Columbus, Ohio-based builder of single-family homes saw earnings decline sharply from the prior year, with earnings per share down 35.9% from $3.98 in the first quarter of 2025. Revenue of $920.7M was down 5.7% year-over-year from the $976.1M recorded in the same period last year. The company operated 230 communities at quarter end as it serves markets across Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, and North Carolina.
New contracts totaled 2,350 units for the quarter as M/I Homes navigated evolving demand conditions in its regional markets. The homebuilder continues to attract interest from the investment community, with Wall Street consensus standing at 4 buy ratings, 1 hold, and 0 sell recommendations.
A detailed analysis of M/I Homes, Inc.’s quarter follows shortly on AlphaStreet.
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