Toll Brothers, Inc. 3Q FY2026: Revenue $2.66B, EPS $2.97— 10-Q Summary
Toll Brothers reported 3Q FY2026 revenue of $2.66B, down 9.8% YoY, and EPS of $2.97, down 20.3% YoY. Home deliveries fell 10% while average prices rose 2%. Management expects near-term demand softness but sees long-term fundamentals as positive.
How this was made

The 30-second read
Why it matters
Earnings miss may trigger a sell‑off, but ancillary revenue streams provide a cushion.
Market read
First‑report earnings release for a mid‑cap homebuilder; material for traders.
What to watch
Ancillary businesses (mortgage, smart‑home services) showed momentum and could offset core weakness.
Background
Toll Brothers is a leading U.S. homebuilder; the quarter ended July 31, 2026.
Ticker impact
Toll Brothers reported Q3 FY2026 revenue of $2.659B and diluted EPS of $2.97, both down YoY.
Potential short‑term price decline as investors price in softer demand.
The decline in revenue (-9.8%) and EPS (-20.3%) is material for a mid‑cap builder; markets typically react negatively to such misses.
Market effects
Homebuilding sector may face broader pressure as demand softens, affecting peers.
U.S. residential construction outlook weakened, could temper regional housing indices.
Limited to U.S. housing market; minimal direct global impact.
Counterpoint
If the company can leverage lower margins to boost volume, the dip may be temporary.
Key entities
- companyToll Brothers, Inc.
U.S. homebuilder reporting Q3 FY2026 results.



