05:12 PM EDT, 04/22/2026 (MT Newswires) -- Meritage Homes ( MTH ) reported Q1 adjusted earnings late Wednesday of $0.86 per diluted share, down from $1.71 a year earlier.

Analysts polled by FactSet expected $0.97.

Revenue for the quarter ended March 31 was $1.12 billion, down from $1.36 billion a year earlier.

Analysts surveyed by FactSet expected $1.18 billion.

Based on current market conditions, the company said it is updating its guidance for full year 2026 home closing volume and revenue to at or within 5% of 2025 results.