Toll Brothers Exceeds Q3 Fiscal 2026 Guidance with Strong Deliveries and Revenue
Toll Brothers (NYSE:TOL) reported third-quarter fiscal 2026 results that exceeded its guidance for deliveries, home sales revenue, adjusted gross margin, and earnings. The luxury homebuilder delivered 2,662 homes during the quarter, generating $2.65 billion in home sales revenue with an adjusted gross margin of 25.6%. Net signed contracts increased by 5% year-over-year to 2,508 homes worth $2.5 billion. The company expanded its community count to 471 selling communities at the end of Q3 and expects this number to reach between 480–490 by fiscal year-end. Management emphasized pricing discipline amid subdued demand due to elevated mortgage rates and weak consumer confidence, while reaffirming full-year revenue guidance near $10.5 billion with a margin outlook of 26.1%. Toll Brothers also raised its average delivered-price forecast to between $995,000–$1 million. The company increased planned fiscal 2026 share repurchases to $700 million and highlighted strong performance in key markets such as Florida, Boston through the Carolinas, Boise, Las Vegas, Reno, and Denver. Luxury move-up homes accounted for about 61% of third-quarter revenue with an average selling price of $1.35 million.
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